The applications are now open for the Tony Elumelu Foundation Entrepreneurship Programme 2023.
The programme which targets African entrepreneurs across a number of sector has been ongoing for over 10years now and opens for applications every January. Interested persons from all over Africa are invited to apply for the opportunity to get funding for their projects.
The Tony Elumelu Foundation (TEF) is the leading champion of entrepreneurship in Africa. Their objective is to empower women and men across our continent, catalysing economic growth, driving poverty eradication and ensuring job creation. We believe the private sector’s role is critical for Africa’s development and that the private sector must create both social and economic wealth.
Background | Tony Elumelu Foundation $5000 Grant
The TEF Entrepreneurship Programme, currently the only African-funded entrepreneurship catalyst of its kind, since its launch in 2015 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.
In 2021, It's reported that the foundation (TEF) disbursed up to about USD$24.75 million to 5000 African entrepreneurs across Africa for that year’s Entrepreneurship Programme. The Foundation’s Entrepreneurship Programme remains one of the largest private sector responses to driving the economic recovery of African youths, women and SMEs given the effects of the covid19 pandemic across Africa.
- The Tony Elumelu Foundation Entrepreneurship Programme is open to entrepreneurs across Africa: new start-ups and existing young businesses, operating in any sector.
- Prospective applicants can apply using the digital networking hub for African entrepreneurs.
- To apply you can either visit the hub via www.tefconnect.com or click the ‘Apply Now‘ button on the official website to signup and submit your application
Application Deadline: Not Specified