Tony Elumelu Foundation has opened applications for its annual funding program for African entrepreneurs. The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, opens applications on its TEFConnect digital platform today, January 1, 2021.
This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities.
Looking for fully-funded opportunities, install the Youth Opportunities Android or iOS App here.
To address the unique challenges arising from the pandemic, lift millions out of poverty and create sustainable employment across the continent, the Foundation’s Entrepreneurship Programme will empower 1,000 young African entrepreneurs, selected from the 2020 cohort. The Foundation will also open applications to an additional 2,400 young entrepreneurs in 2021, in collaboration with global partners.
Successful applicants receive world-class business training, mentorship, non-refundable seed capital up to $5,000, and global networking opportunities. The Programme is open to entrepreneurs across Africa, both new start-ups and existing young businesses, operating in any sector.
Benefits
- Business Training
- Mentorship
- $5,000 non-refundable seed capital
- Global Networking Opportunities
Eligibilities
- Startup African entrepreneurs based in Africa
- Business at the idea stage are welcome, as well as innovative businesses that have been in existence for less than 3 years
- Business can be in any sector
- Business must have the potential to create jobs and revenue on the continent
Application Process
Apply online through the given link.
Looking for fully-funded opportunities, install the Youth Opportunities Android or iOS App here.
Application Deadline: March 31, 2021
Application ClosedOfficial link
