One of Africa’s leading philanthropy focused on empowering African entrepreneurs, Tony Elumelu Foundation (TEF) has opened the application portal for Africa’s largest entrepreneurship programme to apply .
The TEF Entrepreneurship Programme is the $100million commitment of Tony O. Elumelu, an African investor and philanthropist, to identify, mentor, and fund 10,000 African entrepreneurs in 10 years, with the goal of creating millions of jobs and revenue on the continent
Africa entrepreneur have bear the brunt of the health impact of the COVID-19 pandemic. But for the economic impact. Most SMEs do not have the shock absorber that the bigger organisations have. And that is why it has never been more urgent than now, to deepen and expand the work that the TEF does in empowering African entrepreneurs.
With the support of partners, the Programme has scaled its commitment beyond its own commitment of funding 10,000 African entrepreneurs.
What the TEF Entrepreneurship Programme Offers:
The programme is designed to empower both male and female with following :
1.Business Training
2.Mentorship
3. $5,000 non-refundable seed capital
4.Global Networking Opportunities
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Eligibility/Criteria
With the aim of enhancing and empowering small and medium scale business, Tony Elumelu Foundation Entrepreneurship Programme has row out the following criteria ,they are:
1.Startup African entrepreneurs based in Africa
2.Business at the idea stage are welcome, as well as innovative businesses that have been in existence for less than 3 years
3.Business can be in any sector
4.Business must have potential to create jobs and revenue on the continent
Selection Process:
1.Following applications, African entrepreneurs will undergo business training.
2.Shortlisted candidates will prepare and submit an updated business plan
3.Top performing entrepreneurs will be shortlisted to go through a pitching phase in all 4.54 African countries, in English, French, Portuguese or Arabic.
5.Top performers will be selected to receive the $5,000 seed capital.
6.Finalists to receive $5,000 seed capital will be announced at the TEF Forum
You can also read:How to apply for CBN Agricultural Business Small and Medium Enterprises loan
How to Apply for TEF Flagship Entrepreneurship Programme
Interested applicant can apply by Log on to the multilingual application portal on https://tefconnect.net/signup to sign up today and fill the form
