The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs across all 54 African countries, has opened applications for the 2022 TEF Entrepreneurship Programme. African entrepreneurs with business ideas or existing businesses under 5 years, are encouraged to apply now for $5000 seed capital, mentorship, business management training and more on the 2022 Tony Elumelu Foundation Entrepreneurship Programme.
Since 2015, the TEF Entrepreneurship Programme – the only African-funded entrepreneurship catalyst of its kind – has empowered 15,847 African entrepreneurs with non-returnable seed capital of $5,000 each; twelve weeks of business management training; access to experienced mentors; and membership to Africa’s largest entrepreneurial ecosystem.
Looking for fully-funded opportunities, install the Youth Opportunities Android or iOS App here.
In 2021, the Tony Elumelu Foundation disbursed USD$24.75 million to 5000 African entrepreneurs across Africa for its 2021 Entrepreneurship Programme. The Foundation’s Entrepreneurship Programme remains one of the largest private sector responses to driving the economic recovery of African youth, women and SMEs given the effects of the covid19 pandemic across Africa. Across Africa, the Tony Elumelu Foundation Entrepreneurship Programme beneficiaries are starting and growing trailblazing businesses that have collectively created over 400,000 direct and indirect jobs.
Location:
OnlineBenefits
- Through this flagship entrepreneurship program, the Foundation empowers African entrepreneurs and the entrepreneurship ecosystem in 54 African countries.
- The TEF training program was designed to segment entrepreneurs based on demonstrated abilities and knowledge.
- The training has been designed to educate you and enable you to start or grow your business to overcome the challenges faced by entrepreneurs across the African continent.
- The program focuses on hands-on, iterative learning that is useful even long after the training period.
NOTE: Completion of the training program is a strict requirement to move on to submitting and reviewing your business plan, participating in the pitching competition, and receiving seed capital.
Eligibilities
- The program is open to all Africans (as defined) aged 18 and over.
- All nominations must be for a business idea or for-profit venture, focused on a single area of business and must be the original idea of the nominee.
- The business idea or undertaking must not be for an illegal or unethical purpose.
- The following categories of persons are not eligible:
- Employees of the Tony Elumelu Foundation, Heirs Holdings (HH) group companies, HH affiliates and their immediate family members, individually or as part of a company.
- Employee of companies affiliated with the Tony Elumelu Foundation who have been involved in the creation or administration of the program and their immediate family members.
- Promoter’s consultants, agents and companies affiliated with the Tony Elumelu Foundation (and employees and immediate family members where the consultants and agents are companies) involved in the establishment and administration of this program.
- Research institutes, faith-based organizations, government agencies and companies not located in Africa will not be eligible to apply for the program.
Application Process
All candidates will:
- Complete all mandatory fields of the online application form on TEFConnect.
- Submit the form
- Attach all the requested documents (valid identity card and portrait photo) and upload the required documents
- Expect comments from the Foundation.
- Apply online through the Apply Now link.
Looking for fully-funded opportunities, install the Youth Opportunities Android or iOS App here.
Application Deadline: March 31, 2022
Application ClosedOfficial link
