January 14th, 2023 at 04:29 am
Tony Elumelu Foundation Entrepreneurship Programme
Africa’s leading entrepreneur advocate is the Tony Elumelu Foundation. Empowering women and men across our continent boost economic growth eliminate poverty and creates jobs. We believe the private sector must create social and economic wealth to develop Africa.
The Foundation is active in all 54 African countries and was founded by African investor and philanthropist Tony O. Elumelu, C.F.R.
Our programs, research, communities, advocacy, and convenings—including the annual TEF Forum, Africa’s largest entrepreneur gathering, and TEFConnect, Africa’s digital hub for entrepreneurs—implement our mission. The Foundation uses its public, and private, and developed connections to promote prosperity for all.
Tony Elumelu pledged $100 million to empower 10,000 African entrepreneurs over 10 years with the TEF Entrepreneurship Programme in 2015. The Foundation is increasingly sharing its robust delivery platform and working with institutions like the UNDP, the African Development Bank, the International Committee of the Red Cross, GIZ, and United Bank for Africa Plc to create meaningful and lasting impact across Africa.
The Tony Elumelu Foundation’s Entrepreneurship Programmes have trained, mentored, and funded 15,847 young African entrepreneurs across 54 African countries, and TEFConnect provides capacity-building support, advisory, and market linkages to over 1 million Africans.
Overview
The UNDP and TEF launched the TEF-UNDP Youth Entrepreneurship Programme to empower 100,000 young African entrepreneurs over 10 years with seed capital, business training and mentoring.
The Foundation’s proven philanthropy prioritizes African entrepreneurs as economic development drivers.
In 2019, this partnership empowered 2,100 entrepreneurs in Burkina Faso, Cameroun, Chad, Mali, Mauritania, Niger, and Nigeria.
Applications
Our applicants are Sahel and Lake Chad entrepreneurs from Nigeria, Niger, Chad, Cameroun, Mauritania, Mali, and Burkina Faso.
Competition
Before moving on, applicants pitch their business idea and the problem it solves in the physical pitching competition.
Training
Our unique 12-week business training program gives applicants the skills to launch their business idea and make a lasting socio-economic impact in their communities.
Selected
African entrepreneurs will receive non-refundable seed capital, 12-week business training, and mentoring. Many business networking opportunities await them.
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