Apply NOW for $5000 in the 2025 Tony Elumelu Foundation Entrepreneurship Programme| SEED CAPITAL
NOTE: Applications Open January 1st, 2025
About the Tony Elumelu Entrepreneurship Programme (TEEP)| Tony Elumelu Foundation (TEF)
The programme, run by the Tony Elumelu Foundation (TEF), is a 10-year, US$100 million dedication to establish, practice, mentor, and fund 10,000 African entrepreneurs by 2025.
Successful candidates will obtain 12 weeks of intensive on-line coaching, entry to a world-class mentor, and US$5,000 in seed capital to show the idea, plus entry to additional funding. They may also acquire entry to the TEF network of startups.
The Tony Elumelu Foundation Entrepreneurship Programme is a $100million dedication made by the Elumelu household to empower 10,000 African entrepreneurs over a 10-year interval by means of coaching, mentorship, and funding.
The objective is to create at the least 1Million jobs and contribute over $10billion in income to the African financial system.
Through its flagship Entrepreneurship Programme the Foundation empowers African entrepreneurs and the entrepreneurship ecosystem throughout 54 African international locations.
How the Programme Works
The TEF training curriculum has been designed to phase entrepreneurs primarily based on demonstrated functionality and information.
The coaching has been tailor-made to coach and capacities you in beginning or rising what you are promoting to beat the challenges confronted by entrepreneurs throughout the African continent.
The curriculum focuses on sensible, iterative studying that’s helpful even lengthy after the coaching interval.
Programme Eligibility
- Who can apply?
The programme is open to all residents and authorized residents of any one in every of the 54 African international locations. The proposed enterprise should be registered and function in Africa. - Is there an age restriction for candidates?
Yes. Applicants should be 18 years previous and should not be thought of a minor in their nation of residence. There is not any upper-limit age restriction. - Is there a restriction on the age of my enterprise?
Yes. All companies should be enterprise concepts or an early stage firm, in the vary of 0 to five years previous. - What if I run a number of early-stage companies?
Your application should concentrate on ONE enterprise solely. We advise selecting your greatest, most possible/modern enterprise thought. Selected entrepreneurs will not be permitted to apply for future cohorts of the programme, even with a distinct enterprise thought or title. - Will my start-up be excluded if I’ve a relation/member of the family who works for the TEF?
Yes. Current workers or their relations from the Tony Elumelu Foundation and affiliate firms in the Heirs Holdings Group and UBA Group will not be eligible to apply for the TEF Entrepreneurship Programme, both individually or as part of a workforce.
Who just isn’t eligible to take part in the TEF Entrepreneurship Programme?
- TEF Audit Partners and their Immediate Family Members.
- Employees of firms affiliated with the Tony Elumelu Foundation who’ve been concerned in the creation or administration of the Programme and their Immediate Family Members.
- The Promoter’s consultants and brokers (and workers and Immediate Family Members of such workers the place the consultants and brokers are entities) concerned in the creation and administration of this programme.
- Research establishments, faith-based organisations, authorities companies and companies not positioned in Mali is not going to be eligible to apply for the programme.
- Applications by TEF Alumni or their Business Partner.
- Applications by individuals disqualified below any earlier TEF programme.
- Applications made utilizing strategies resembling a macro, script, utilizing automated gadgets or processors or different types of digital software to achieve an unfair benefit.
- Incomplete and incorrect functions.
- Applications which comprise unlawful or unethical Businesses or Business Ideas.
Programme Application Process
- How do I apply for the programme?
All functions should be submitted ONLINE by means of the application platform of the tefconnect.net You should full an application kind by answering a collection of necessary questions. - After submission, you’ll obtain a affirmation e-mail of receipt.
- What if my firm is a partnership?
Only one nominated individual from the enterprise or the partnership might be a part of the programme. You should have consent from all companions, and have and equal or majority share to take part. - Can I apply offline?
No. All functions should be submitted on-line by means of the tefconnect.net solely. - What if English just isn’t my first language?
The application kind can be obtainable in Arabic, French and Portuguese. - What data/identification do I want to supply in my application?
You should reply all the necessary questions in the application kind, and supply correct and up-to-date data. - Are there application/related charges?
No. The Tony Elumelu Foundation doesn’t cost any candidates a payment for making use of to the programme.
For more information on how to apply for the 2025 Tony Elumelu Foundation , Click here,Entrepreneurship Programme
BACKGROUND INFORMATION ABOUT the 2025 Tony Elumelu Foundation Entrepreneurship Programme| SEED CAPITAL
The Tony Elumelu Foundation (TEF), the main philanthropy empowering younger African entrepreneurs throughout all 54 African international locations, has opened functions for the 2022 TEF Entrepreneurship Programme on www.TEFConnect.com African entrepreneurs with enterprise concepts or present companies below 5 years, are inspired to apply now for $5000 seed capital, mentorship, enterprise administration coaching and extra on the 2022 Tony Elumelu Foundation Entrepreneurship Programme.
Since 2015, the TEF Entrepreneurship Programme – the solely African-funded entrepreneurship catalyst of its variety – has empowered 15,847 African entrepreneurs with non-returnable seed capital of $5,000 every; twelve weeks of enterprise administration coaching; entry to skilled mentors; and membership to Africa’s largest entrepreneurial ecosystem.
In 2021, the Tony Elumelu Foundation disbursed USD$24.75 million to 5000 African entrepreneurs throughout Africa for its 2021 Entrepreneurship Programme. The Foundation’s Entrepreneurship Programme stays one in every of the largest personal sector responses to driving the financial restoration of African youth, ladies and SMEs given the results of the covid19 pandemic throughout Africa. Across Africa, the Tony Elumelu Foundation Entrepreneurship Programme beneficiaries are beginning and rising trailblazing companies which have collectively created over 400,000 direct and oblique jobs.
According to 2015 Tony Elumelu Entrepreneur, Hauwa Liman, feminine enterprise proprietor and Founder of Afrik Abaya: “I am always proud to say that I am from the inaugural cohort of the Tony Elumelu Foundation Entrepreneurship Programme. My business is located in Kaduna, in northern Nigeria. I benefitted from this Programme in 2015, and it opened up lots of doors and opportunities. It is not just about the seed capital, but what really fascinates me about the Programme is the knowledge. I call it a mini-MBA programme, because from the ideation stage it teaches you how to really articulate your business, and it gave me my first business plan. The network, visibility and opportunities are endless. My entrepreneurship experience cannot be complete without the Tony Elumelu Foundation. I will start exporting to other countries soon courtesy of the Foundation. We now employ ten permanent staff and an additional eight staff on a commission basis.”
Commenting on the launch of the 2022 Tony Elumelu Foundation Entrepreneurship Programme, CEO of the Tony Elumelu Foundation, Ifeyinwa Ugochukwu shared, “We are constantly blown away by the quality of businesses that come from Africa every year. This motivates us to scale our efforts to empower even more entrepreneurs on continent. The innovation, knowledge and resilience of African entrepreneurs is central to charting Africa’s socio-economic transformation and meet the continent’s development objectives. We are also proud of the increase in female participation on our Programme, especially with the 2021 cohort where we witnessed a record 68% selection of women entrepreneurs.”
Founding Trustee of the Tony Elumelu Foundation, Dr. A V. Elumelu said: “Through the Tony Elumelu Foundation Entrepreneurship Programme, we seek to democratise luck. Hard work plays an important and undeniable part in success, but one must not discount the role of luck – someone being willing to take a chance on you or business idea by empowering you through training, mentorship or funding. Our hope is that, through the Tony Elumelu Foundation Entrepreneurship Programme, we would help the next business leader or captain of industry be whom they are meant to be. This is our own way to give back and also to empower the generation coming behind us so that they can go even further than we have. As a parent, one’s desire is for your children to do better than you and so you will provide the resources and materials that they need to ensure that they go far in life. Similarly, at the Foundation we are equipping the next generation with the tools they need to succeed.”
As the foremost champion of entrepreneurship in Africa, the Tony Elumelu Foundation is empowering men and women throughout the African continent by means of entrepreneurship to catalyse financial progress, drive poverty eradication and guarantee job creation. The Foundation’s mission is rooted in the philosophy of Africapitalism, which positions the personal sector as the key enabler of financial and social wealth creation in Africa. Through TEFConnect, the Foundation’s proprietary digital platform, it has supplied capacity-building help, advisory and market linkages, to over 1.5 million Africans.
The Tony Elumelu Foundation Entrepreneurship Programme is open to entrepreneurs throughout Africa: new start-ups and present younger companies, working in any sector. Prospective candidates ought to apply now on the digital networking hub for African entrepreneurs, www.tefconnect.com For an inventory of the chosen 2021 Tony Elumelu Entrepreneurs and extra data on our programme, please go to the Official web site of the Tony Elumelu Foundation here.
