• Invitation to join existing 4,470 programme Fellows
• 4th Cycle drew over 150,000 applications from across the African continent
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.
Founder,
Tony O. Elumelu, CON, stated: “The private sector must be the core
driver of Africa’s economic transformation, but this sector cannot
attain its full potential if entrepreneurs are left behind. We call on
all stakeholders – policymakers, business leaders and development
agencies – to actively commit to creating a better future for our young
Africans who have demonstrated intellect, skill, and passion, to empower
them to succeed because their success is Africa’s success. The TEF
Entrepreneurship Programme is by far the most impactful project of my
life and represents my commitment to transforming Africa through
entrepreneurship”.
Parminder
Vir, CEO, Tony Elumelu Foundation, said: “Our entrepreneurs illustrate
the Foundation’s commitment to transform the African economy, by
building on the intelligence, skills and resourcefulness of Africans. I
encourage all ambitious young Africans to take advantage of this unique
opportunity”.
The Foundation,
which has recently hosted President Macron of France, President Uhuru
Kenyatta of Kenya and President Nana Akufo-Addo of Ghana in dynamic
interactive sessions with young African entrepreneurs, is committed to
supporting the entire entrepreneurship ecosystem – from the
entrepreneurs themselves, governments who must provide enabling
environments, to capital, advice and most importantly access and
networks.
The TEF
Entrepreneurship Programme is open to citizens and legal residents of
all African countries, who run for-profit businesses based in Africa
that are no older than three years. The deadline for applications
submission is March 1, 2019.
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.
Applicants can apply on TEFConnect – www.tefconnect.com – the largest digital networking platform for African entrepreneurs.
Additional Information:
Link to the Impact Documentary showing the transformative and impactful stories of the Tony Elumelu Entrepreneurs: https://goo.gl/XcYqCP
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