Tony Elumelu Entrepreneurship Programme Announces 2019 TEEP Programme ($5,000 Funding)

Today, Africa’s largest philanthropy supporting entrepreneurship – The Tony Elumelu Foundation (TEF) – announced that on January 1, 2019, it will begin accepting applications for the 5th cycle of its entrepreneurship programme, from outstanding African entrepreneurs who have start-up or business ideas with high growth potential.

The application portal opens midnight WAT 1st January 2019 at https://tefconnect.com/application

Established in 2010, The Tony Elumelu Foundation (TEF) is the leading philanthropy in Africa championing entrepreneurship and entrepreneurs across the continent. The Foundation’s long-term investment in empowering African entrepreneurs is emblematic of Tony Elumelu’s philosophy of Africapitalism, which positions Africa’s private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent. The Foundation’s flagship initiative, the TEF Entrepreneurship Programme, is a 10-year, $100 million commitment to identify, train mentor and fund 10,000 entrepreneurs, capable of changing the face of business across Africa; creating 1,000,000 jobs and $10 billion in social and economic wealth.

Eligibility:

The business must be based in Africa
The business must be for profit
The business must be 0-3 years old
Applicants must be at least 18 and a legal resident or citizen of an African country

The Programme provides critical tools for business success, including:

Training: 12 weeks of intensive online training which guides creating and managing a business
Mentoring: A world-class mentor to guide during the early transformation stages of the business
Funding: $5,000* in seed capital to prove the concept, plus access to further funding
Network: Access to the largest network of African start-ups and TEF’s own global contacts
The Programme, in its 5th cycle, is TEF’s 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs by 2024.

How to Apply
If you are interested in applying for this programme, kindly visit https://tefconnect.com/application

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