Do you have a business idea or a startup that’s under three years old? Are you an entrepreneur from Africa, looking for an opportunity to take your business to the next level? If so, the Tony Elumelu Foundation (TEF) Entrepreneurship Programme might be just what you need. This programme is open to entrepreneurs from all sectors, with new startup ideas or existing businesses of less than three years of existence. Successful applicants will receive business training, mentoring, a non-refundable $5,000 of seed capital and global networking opportunities.
The TEF Entrepreneurship Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 young African entrepreneurs. The aim is to create millions of jobs and generate the revenue required for the sustainable development of the continent. This programme implements the philosophy of Africapitalism, which positions the private sector as the growth engine for Africa and emphasizes the importance of creating social and economic wealth.
Applicants must be 18 years old and not be considered minors in their country of residence. They can be outstanding African entrepreneurs running existing start-ups with high growth potential and aspiring business owners with transformative ideas. The proposed business must be registered and operate in Africa. All businesses must be business ideas or early-stage companies, in the range of 0 to 3 years old. Applications must focus on ONE business only.
If selected, entrepreneurs will receive world-class business management training, mentorship, $5,000 non-refundable seed capital, access to key networks and markets, and global networking opportunities. The programme is not open to research institutions, faith-based organisations, value-adding trading companies, government contractors and businesses not located in Africa. Businesses must not adversely affect the environment, lives and property. Business ideas must be for-profit and must be the original work of those submitting.
The deadline for application is March 1, 2024. Interested and qualified individuals can apply through TEFConnect, the digital networking hub for the African entrepreneurship ecosystem, created by the Foundation. Visit the TEF website for more details. Don’t miss this opportunity to take your business to the next level!
