The Tony Elumelu Foundation has opened applications for the 5th cycle of its $100 million entrepreneurship programme.
The TEF Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs. Its objective is to generate at least 1,000,000 new jobs and create at least $10 billion in new business revenue across Africa.
This is the 5th edition of the programme and it 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.
African entrepreneurs running existing start-ups with high growth potential and aspiring business owners with transformative ideas are invited to apply.
According to the founder, Tony O Elumelu, “The private sector must be the core driver of Africa’s economic transformation, but this sector cannot attain its full potentail 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”.
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 the submission of applications 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.
Applicanst can apply on TEFConnect – www.tefconnect.com – the largest digital networking platform for African entrepreneurs.
Click here for a guide on how to apply for TEF 2019
