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| President Uhuru Kenyatta, President of Kenya addressing young African entrepreneurs at the 2018 TEF Entrepreneurship Forum |
On the 1st
of January 2019, at 12am, WAT, the Tony Elumelu Foundation will begin
accepting applications for the fifth cycle of its Entrepreneurship
Programme.
1,000 selected applicants will join the current 4,470 beneficiaries of
the Programme.
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| A cross-section of excited young African entrepreneurs at the 2018 TEF Entrepreneurship Forum |
Since 2015,
the TEF Entrepreneurship Programme – the only African-funded
entrepreneurial catalyst of its kind – has empowered 4,470 African
entrepreneurs,
with seed capital of $5,000 each; twelve weeks of accelerated online
business training; access to experienced mentors; and membership of
Africa’s largest entrepreneurial ecosystem.
Beneficiaries
of the Programme have been profiled in global media, including the
Forbes [Africa] 30 Under 30 list. They have attracted the attention of
investors,
as well as have been recipients of awards, including the Google Impact
Challenge and the Chivas’ “The Venture” Award for Social Entrepreneurs.
The
Entrepreneurship Programme has facilitated exchanges between African
entrepreneurs and local and global public sector leaders, investors and
development
partners, raising their business profiles, scaling their opportunities,
showcasing their innovation and identifying ways to further strengthen
the business environment in Africa. In June 2018, the Foundation
convened a forum with President Emmanuel Macron
of France and young African
entrepreneurs. In October 2018, the Foundation was proud to
have President Nana Akufo-Addo of Ghana and President Uhuru Kenyatta of
Kenya address the gathering of young African entrepreneurs at the
TEF Entrepreneurship Forum.
The
Foundation’s investment, impact and commitment to advancing
entrepreneurship is predicated on the belief that Africa’s entrepreneurs
hold the key to unlocking
the potential of the continent and facilitating the transformation of
Africa.
With
this objective, the Tony Elumelu Foundation launched the TEF
Entrepreneurship Programme, its US$100 million flagship programme to
identify over
a period of 10 years, 10,000 African startups and entrepreneurs, with
ideas that have the potential to transform the African continent. Its
goal is to invest in businesses that together can generate at least
1,000,000 new jobs and contribute at least $10 billion
in new annual revenues across Africa.
The TEF
Entrepreneurship Programme is open to citizens and legal residents of
all African countries, who run businesses based in Africa that are less
than
three years old. Business ideas that are yet to launch are also
encouraged.
The 2019 Applications will be hosted on the largest digital networking platform for African entrepreneurs – TEFConnect on
www.tefconnect.com.
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