LAGOS, NIGERIA Africa’s largest philanthropy supporting entrepreneurship The Tony Elumelu Foundation (TEF) is now accepting applications for business ideas thatcan transform Africa.
To apply, complete the online application by clicking HERE. The deadline is midnight (WAT) on 1 March 2018.
The Programme provides critical tools for business success, including:
Training:12weeks ofintensive online training which guides creating and managinga business
Mentoring:Aworld-class mentorto 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 4th cycle,is TEF’s 10-year, $100 million commitment to identify, train, mentorand fund10,000 African entrepreneursby 2024.
TEF Founder, serial entrepreneur and philanthropist Tony O. Elumelu, CON said:
“When we launched the TEF Programme and committed $100 million to empowering Africa’s entrepreneurs, I knew we would create impact, but I never imagined it would be impact of this magnitude. We have unleashed a movement of African entrepreneurs — a force so strong, so inspiring, that I am confident they will collectively transform Africa. We need Africas best and brightest entrepreneurs to come learn, grow their businesses and build our continent.
1,000 entrepreneurs will be selected based on theviabilityof theiridea, including:market opportunity; financial understanding; scalability;andleadership
Eligibility:
1.The businessmust be based in Africa
2.The businessmust be for profit
3.The business must be 0-3yearsold
4.Applicants must beat least18anda legal resident or citizen ofanAfrican country
CEO of the Foundation, Parminder Vir OBEsaid:
“We encourage women, French and Portuguese speakers to apply.Our 3,000 alumni arealreadygrowing their businesses and improving lives. If you have a transformationalbusiness or an idea, we have an opportunity for you.”
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For more information or to apply, visit: http://tonyelumelufoundation.
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* $5,000 seed capital is paid based on the official Central Bank of Nigeria naira equivalent value at the date of selection for the programme.
About The Tony Elumelu Foundation
Established in 2010, The Tony Elumelu Foundation (TEF) is the leading philanthropy in Africa championing entrepreneurship and entrepreneurs across the continent. The Foundations long-term investment in empowering African entrepreneurs is emblematic of TonyElumelus philosophy of Africapitalism, which positions Africas private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent. The Foundations flagshipinitiative, 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.www.