The Tony Elumelu
Foundation (TEF) will begin accepting applications for the third round of
the TEF Entrepreneurship Programme. The Programme is the
Foundation’s 10-year, US$100 million commitment to training,
mentoring and funding 10,000 African entrepreneurs.
The application
portal will be open until midnight (WAT), March 1,
2017. Entrepreneurs must complete the online application and selection is on a
rolling basis, so early application is encouraged.
TEF Founder Tony O.
Elumelu said: “I believe the seeds we are planting through
the Programme will transform Africa. Two years on, it is clear
that we have found a key to unlocking Africa’s potential for
economic transformation. As ourentrepreneurs grow their own
businesses and realise theirambitions, so too does the
vision. We are showing what the African private
sector can achieve; how hard work and enterprise
can catalyze real, sustainable development.”
The Programme
is designed to identify entrepreneurs that have the potential
to grow their businesses and collectively generate 1,000,000 new
jobs, that can contribute at least $10 billion in additional
revenues to the African economy.
According to TEF CEO,
Parminder Vir OBE, “This programme continues to surpass our expectations
and its success is palpable. Your entrepreneurial journey begins when you
make the decision to complete the application. We are seeking real
entrepreneurs, people who can take risk and reap rewards, not just for
themselves, but their communities and countries.”
The success of 2015
Tony Elumelu Entrepreneurs reflects the impact of
the Programme, including:
1. Momar Mass-Taal (Agriculture, Gambia) turned his $5,000 seed capital into $1.2
million in revenue
2. Bukhary Kibonajoro (Education
& Training, Tanzania) used the mentorship and training to launch his
business, create 34 new jobs and provide growth services for more than 100
local business in 12 months.
3.Chioma Okonu (Waste
Management, Nigeria) Has created ancillary revenue streams for more
than 6,000 households, created 40 jobs and generates over $50,000 in
profit.
To be eligible to apply:
1. Businesses must be based in Africa
2. Businesses must be for profit
1. Businesses must be based in Africa
2. Businesses must be for profit
3. Applicants must
be 18 years of age and above
4. Applicants must
be a legal resident or citizen of African countries
1,000 entrepreneurs will be selected based on the feasibility of the business idea; market opportunity; financial understanding; scalability; leadership and entrepreneurial skills demonstrated in the application.
For more information or to apply, visit: http:// tonyelumelufoundation.org/ teep/faqs/
Media enquiries: media@ tonyeleumelufoundation.org
1,000 entrepreneurs will be selected based on the feasibility of the business idea; market opportunity; financial understanding; scalability; leadership and entrepreneurial skills demonstrated in the application.
For more information or to apply, visit: http://
Media enquiries: media@
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