Tony Elumelu Foundation Entrepreneurship Development Program for African Entrepreneurs 2018

Publish Date: Jan 08, 2018

Deadline: Mar 01, 2018

The Tony Elumelu Foundation (TEF) is now accepting applications for business ideas that can transform Africa. 

To apply, complete the online application.  The deadline is midnight (WAT) on 1 March 2018.

The Programme provides critical tools for business success, including:

  • Training:12 weeks of intensive online training which guides creating and managing a business
  • Mentoring:A world-class mentor to guide during the early transformation stages of the business
  • Funding:$5,000* in seed capital to prove the concept, plus access to further funding
  • Network:Access to the largest network of African start-ups and TEF’s own global contacts

The Programme, in its 4th cycle, is TEF’s 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs by 2024.

TEF Founder, serial entrepreneur and philanthropist Tony O. Elumelu, CON said:

“When we launched the TEF Programme and committed $100 million to empowering Africa’s entrepreneurs, I knew we would create impact, but I never imagined it would be impact of this magnitude. We have unleashed a movement of African entrepreneurs — a force so strong, so inspiring, that I am confident they will collectively transform Africa. We need Africa’s best and brightest entrepreneurs to come learn, grow their businesses and build our continent.”

1,000 entrepreneurs will be selected based on the viability of their idea, including: market opportunity; financial understanding; scalability; and leadership and entrepreneurial skills demonstrated in the application.

Eligibility

  1. The business must be based in Africa
  2. The business must be for profit
  3. The business must be 0-3 years old
  4. Applicants must be at least 18 and a legal resident or citizen of an African country

CEO of the Foundation, Parminder Vir OBE said:

“We encourage women, French and Portuguese speakers to apply. Our 3,000 alumni are already growing their businesses and improving lives. If you have a transformational business or an idea, we have an opportunity for you.”

Media enquiries: media@tonyelumelufoundation.org

* $5,000 seed capital is paid based on the official Central Bank of Nigeria naira equivalent value at the date of selection for the programme.

About The Tony Elumelu Foundation

Established in 2010, The Tony Elumelu Foundation (TEF) is the leading philanthropy in Africa championing entrepreneurship and entrepreneurs across the continent. The Foundation’s long-term investment in empowering African entrepreneurs is emblematic of Tony Elumelu’s philosophy of Africapitalism, which positions Africa’s private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent. The Foundation’s flagship initiative, the TEF Entrepreneurship Programme, is a 10-year, $100 million commitment to identify, train mentor and fund 10,000 entrepreneurs, capable of changing the face of business across Africa.

For more information click "LINK TO ORIGINAL" below.


This opportunity has expired. It was originally published here:

http://www.tonyelumelufoundation.org/news/tony-elumelu-foundation-accepting-applications-for-4th-cycle-of-100m-entrepreneurship-development-programme/

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Disciplines

Business

Entrepreneurship

Startup

Opportunity Types

Grants

Eligible Countries

Algeria

Angola

Benin

Botswana

Burkina Faso

Burundi

Cameroon

Cape Verde

Central African Republic

Chad

Comoros

Democratic Republic of the Congo

Djibouti

Egypt

Equatorial Guinea

Eritrea

Ethiopia

Gabon

Gambia

Ghana

Guinea

Guinea-Bissau

Kenya

Lesotho

Liberia

Mali

Mauritania

Mauritius

Morocco

Mozambique

Namibia

Niger

Nigeria

Rwanda

Sao Tome and Principe

Senegal

Seychelles

Sierra Leone

Somalia

South Africa

South Sudan

Sudan

Swaziland

Tanzania

Togo

Tunisia

Uganda

Zambia

Zimbabwe