Scholarships

Tony Elumelu Foundation (TEF) $100 Million Entrepreneurship Programme 2019

Written by Akeem Alao

Tony Elumelu Foundation (TEF) is now accepting applications from citizens and legal residents of all African countries for its 2019 $100 Million Entrepreneurship Programme: Do you have a business in any of the African countries? Now is your time to receive the mentoring, training and funding you need to make your business soar. The deadline for submission of applications is 1st March, 2019.

The Tony Elumelu Foundation, the leading African-funded and founded philanthropy committed to empowering African entrepreneurs, is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme.

The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs. The Programme’s objective is to generate at least 1,000,000 new jobs and create at least $10 billion in new business revenue across Africa. Now in its 5th year, the TEF Entrepreneurship Programme has empowered 4,470 entrepreneurs, using a bespoke and robust selection, training and implementation process to create visible and sustainable impact across all 54 African countries.

Outstanding African entrepreneurs running existing start-ups with high growth potential and aspiring business owners with transformative ideas are invited to apply. We are particularly looking to grow representation from French, Arabic and Portuguese speakers, as well as female entrepreneurs.

Inspired by Tony Elumelu’s economic philosophy of Africapitalism and his vision to institutionalise luck and democratise opportunity for a new generation of African entrepreneurs, the Foundation has implemented one of the most ambitious entrepreneurship programmes globally.

Selected entrepreneurs from previous years have transformed their businesses and their communities after gaining from the Programme’s 7 pillars:

$5,000 in seed capital;
Business development training;
One-on-one mentoring;
Access to TEFConnect;
Pan-African meetups;
TEF network membership; and
Participation at the annual TEF Entrepreneurship Forum, the largest convening of the African entrepreneurship ecosystem.
Tony Elumelu Foundation Entrepreneurship Programme

Eligibility & Criteria.
Eligibility:

The TEF Entrepreneurship Programme is open to citizens and legal residents Yuof all African countries, who run for-profit businesses based in Africa that are no older than three years.
Criteria:

Applications will be judged based on criteria including:

Feasibility, scalability and potential for growth of the product/service;
Market opportunity for the idea/business;
Financial understanding, leadership potential and entrepreneurial skills.
How to Apply for Tony Elumelu Foundation Entrepreneurship Programme.
All Applications must be submitted ONLINE through the APPLICATION PORTAL. You must complete an application form by answering a series of mandatory questions and uploading additional documents and identification materials. After submission, you will receive a confirmation email of receipt.

About the author

Akeem Alao

Akeem Alao trained as a language teacher. He graduated from Adeniran Ogunsanya college of Education where he studied English/Yoruba Languages and Ekiti State University where he obtained a degree in English Education.

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