Transforming Africa: Entrepreneurs can apply for Tony Elumelu Entrepreneurship 2018 Programme
Tony Elumelu Foundation (TEF)is inviting entrepreneurs with business ideas that can transform Africa to apply for its 2018 Tony Elumelu Entrepreneurship Programme ( TEEP).
TEEP began four years ago with $100 million commitment from TEF to identify, train, mentor and fund 10,000 African entrepreneurs by 2024.
Each year, 1000 entrepreneurs across Africa are supported with $5,000 in seed capital to run their ideas. Selected applicants are also given additional funding when they are able to scale their business.
Apart from the funding, the programme includes a 12- week intensive online training on managing a successful business, mentoring to guide them through the early transformation stages of the business and access to the largest network of African start-ups and TEF’s own global contacts.
“When we launched the TEF Programme and committed $100 million to empowering Africa’s entrepreneurs,” said Tony Elumelu, founder, TEF, “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.”
Applicants must be at least 18 and a legal resident or citizen of an African country, with a ‘for-profit’ business based in Africa.
Tony Elumelu Foundation was established in 2010 to promote entrepreneurship in Africa and be a catalyst for the social and economic development of the continent.
Interested individuals can apply for the programme here. The deadline is on 1 March 2018.
Deji Aroloye91 Posts
a graduate of Linguistics and a staff writer at Outrepreneurs, Deji's forte includes tech, startups and innovations. Years back, Deji wrote on Entertainment and Lifestyle for a tabloid. If he wasn't a writer, Deji would be a photographer or teacher.