Fifth round of Tony Elumelu Foundation Entrepreneurship Programme unveiled
Tony Elumelu Foundation (TEF) has rolled out the 2019 TEF Entrepreneurship Programme and beginning January 1, 2019, the Foundation will start accepting applicants.
Launched in 2015, the TEF Entrepreneurship Programme has benefited 4,470 entrepreneurs from across Africa and in the coming year, they’ll be searching for more 1000.
Under the Programme, on top of getting a seed capital of $5,000 each, entrepreneurs undergo online business training, mentorship and networking activities.
In addition to that, past beneficiaries have been featured in some of the top media publications like Forbes and recognized by notable programs like the Google Impact Challenge and the Chivas’ “The Venture” Award for Social Entrepreneurs.
The TEF Entrepreneurship Programme, which has an investment budget of US$100 million, will support 10,000 African startups and entrepreneurs in over a period of 10 years.
The Programme’s goal is to invest in businesses that together can generate at least 1,000,000 new jobs and contribute at least $10 billion in new annual revenues across Africa.
Over the years, The TEF Entrepreneurship Programme has been endorsed by presidents Emmanuel Macron (France), Uhuru Kenyatta (Kenya) and Nana Akufo-Addo (Ghana).
The TEF Entrepreneurship Programme is open to citizens and legal residents of all African countries, who run businesses based in Africa that are less than three years old. Business ideas that are yet to launch are also encouraged.
The 2019 Applications will be hosted on www.tefconnect.com.