The sixth version of Tony Elumelu Foundation Entrepreneurship Programme is at present open to software from entrepreneurs. This alternative is open to African startup entrepreneurs with innovative business ideas or companies in any sector, who’ve solely existed for lower than three years.
This is an incredible alternative to get funding and coaching to your business, so hurry now and apply. You can apply by the muse’s digital networking hub which was created for African entrepreneurship ecosystem, TEFConnect.
The Tony Elumelu Foundation Entrepreneurship Programme
The Tony Elumelu Foundation Entrepreneurship Programme is the biggest African philanthropic initiative. It was launched in 2015 with the dedication to empower entrepreneurs and entrepreneurship in Africa.
Initially, this system began with a $100million dedication by the Elumelu household to empower 10,000 African entrepreneurs over a 10-year interval. The purpose is to create not less than 1 million jobs and contribute over $10 billion in income to the African financial system. Plenty of worldwide and native organisations has since purchased into the imaginative and prescient and has continued to empower entrepreneurs by funding.
The basis has efficiently organised 5 editions of this system with the sixth version set to carry in 2020. Altogether, it has empowered over 9,000 entrepreneurs in 54 African international locations to date.
The alternative is solely open to African entrepreneurs whose business is a begin up and fewer than three years previous.
The chosen panel will contemplate purposes that fulfill the next standards;
- Feasibility of the business concept
- Market Opportunity: The data and understanding of the market, prospects and opponents for his or her concept/business.
- Financial Understanding: Understanding of the essential monetary necessities of operating a business, prices and revenues
- Scalability: Demonstrates potential for replication and development of their services or products to create jobs and wealth.
- Leadership Potential and Entrepreneurial Skills: Demonstrate management potential able to attracting individuals, prospects and assets.
How To Apply
- Visit application.tefconnect.com and enroll
- Complete the appliance type
- Click Submit. You will obtain a notification of your consequence.
Please Note: If you go to the house web page, tefconnect.com, guarantee to click on on ‘Application’ to start the three step course of.
Benefits Of The Tony Elumelu Foundation Entrepreneurship Programme
If your software is chosen, you’ll have entry to;
- Business Training
- Seed capital and,
- Global networking opportunities.
The Tony Elumelu Foundation
The Tony Elumelu Foundation (TEF) is an African private-sector-led philanthropy targeted on empowering African entrepreneurs. It was created in 2010 by Tony O. Elumelu, CON, an entrepreneur, investor and philanthropist, who’s obsessed with Africa’s financial improvement.
In 2018, the Foundation launched TEFConnect, Africa’s digital entrepreneurship hub to attach the entrepreneurship ecosystem and facilitate companies past bodily borders. Currently, the platform hosts 800,000 customers.
Besides this, there are different empowerment packages that has been organised by the muse like: Elumelu Empowerment Fund; Tony & Awele Elumelu Fund, Nigeria 50 and Elumelu Professional Programmes (EPP). However, a number of of those packages got here to a halt in 2015 when the entrepreneurship program was born.
In conclusion, the Tony Elumelu Foundation believes that the non-public sector holds the important thing to unlocking Africa’s financial potential, due to this fact it has been channeling its energy to attaining this aim.
Application for the programme is ongoing, and can shut on March 1, 2020.
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