The Tony Elumelu Foundation (TEF) is now accepting applications from African citizens and legal residents for its $100 million Entrepreneurship Programme in 2022: Do you have a business in any African country? Now is the time to get the mentoring, training, and funding you need to take your business to the next level. The deadline for application submissions is April 7, 2022.
The Tony Elumelu Foundation (TEF), the leading African-funded and founded philanthropy dedicated to empowering African entrepreneurs, is now accepting applications for the TEF Entrepreneurship Programme’s 2022 cohort.
The Program is a $100 million commitment over ten years to identify, train, mentor, and fund 10,000 African entrepreneurs. The Program’s goal is to create at least 1,000,000 new jobs and $10 billion in new business revenue across Africa. The TEF Entrepreneurship Programme has empowered over 10,000 entrepreneurs by employing a unique and rigorous selection, training, and implementation process to create visible and long-term impact in all 54 African countries.
Outstanding African entrepreneurs who are running existing start-ups with high growth potential, as well as aspiring business owners with transformative ideas, are encouraged to apply. We are especially interested in increasing representation from French, Arabic, and Portuguese speakers, as well as female entrepreneurs.
The Foundation has implemented one of the most ambitious entrepreneurship programs in the world, inspired by Tony Elumelu’s economic philosophy of Africapitalism and his vision to institutionalize luck and democratize opportunity for a new generation of African entrepreneurs.
You are eligible to apply if you have a business idea or a startup that has been in operation for less than three years in any sector and in any African country.
Tony Elumelu Foundation Entrepreneurship Programme Eligibility
Open to all citizens and legal residents of any one of the 54 African countries. The proposed business must be registered and operate in Africa.
Applicants must be 18 years old and must not be considered a minor in their country of residence. There is no upper-limit age restriction.
Applicants can be outstanding African entrepreneurs running existing start-ups with high growth potential and aspiring business owners with transformative ideas.
All businesses must be business ideas or an early stage company, in the range of 0 to 3 years old.
Your application must focus on ONE business only.
They are particularly looking to grow representation from French, Arabic and Portuguese speakers, as well as female entrepreneurs.
The program 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 making the submission.
Your application must focus on ONE business only.
They are particularly looking to grow representation from French, Arabic and Portuguese speakers, as well as female entrepreneurs.
The program 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 making the submission.
The Advantages of the Tony Elumelu Foundation’s Entrepreneurship Program
Entrepreneurs who are chosen will receive:
Mentorship $5,000 non-refundable seed capital World-class business management training
Access to critical networks and markets
Opportunities for Global Networking
How to Apply to the Tony Elumelu Foundation’s Entrepreneurship Program
All applications must be made ONLINE via the APPLICATION PORTAL. You must fill out an application form, which includes answering a series of mandatory questions as well as uploading additional documents and identification materials. Following submission, you will receive a receipt confirmation email.
APPLY HERE
The deadline is midnight (WAT) on April 7, 2022.
