The Tony Elumelu Foundation is a pan African philanthropy organization set up by Nigerian billionaire banker, Tony Elumelu to promote entrepreneurship, offer support to SMEs and help to eliminate poverty from the African continent.
The Tony Elumelu Foundation Entrepreneurship Program is an annual event that runs for 12 weeks providing access to business management resources, mentorship, training and support which eventually culminate in the award of $5,000 grants to eligible entrepreneurs across the 54 African countries.
The application for the 2022 edition is open and African entrepreneurs with business ideas or existing businesses under 5 years, are encouraged to apply now for $5000 seed capital
WHAT ARE THE 7 PILLARS OF TEF ENTREPRENEURSHIP PROGRAMME?
- – Mentoring
- – Start-up Enterprise Toolkit
- – Online Resources
- – Meetups
- – Elumelu Entrepreneurship Forum
- – Seed Capital Funding
- – TEF Entrepreneurship Programme Alumni Network
The pillars have been designed to address the essential needs to ensure success for an African entrepreneur
Benefits of the Program
- $5000 grant
- Access to business development and management resources
- Metorship and Coaching
PROGRAMME ELIGIBILITY
The Tony Elumelu Foundation Entrepreneurship Programme is open to Africans from all 54 African countries with scalable business ideas or a business that has been operational for no more than 5 years.
Applicants must be 18 years of age and above. Interested applicants may register on TEFConnect.net
PROGRAMME SELECTION PROCESS
How Are Selected Applicants Chosen To Join The Programme?
Selection of the applicants will take place after applicants successfully completes all the stages of the training and successfully take part in the pitch.
The program stages are as follows
- • Application Phase
- • Training & Mentorship Phase
- • Business Plan Submission Phase
- • Pitching Phase
- • Seed Capital Phase
Once applications are submitted applicants will be placed in the appropriate training path as follows:
PREPARATORY
This means you do not have the skillset needed to start a business. You will go through the general free training on TEFConnect. You will, however, not be eligible for mentorship or seed capital but can reapply the next year.
START-UP/ BEGINNER
This means you are a starter according to the business start-up profiling. You will go through the beginner training modules and you will have access to world class mentors during the programme.
INNOVATIOR/ INTERMEDIATE
This means that you have been profiled to be an intermediate entrepreneur. You have a good potential to be a successful entrepreneur. You will go through the Intermediate training modules and you will have access to world class mentors during the programme.
DISRUPTOR/ ADVANCED
This means that you are or identified to be natural or a seasoned entrepreneur. You will go through the Advanced training modules and you will have access to world class mentors during the programme.
How to Apply
Application opens January 1st 2022 and closes 31st March 2022
Click here to submit your application
For more details visit the official website
