On January 1, 2017, The Tony
Elumelu Foundation (TEF) will begin accepting applications for the third round
of the TEF Entrepreneurship Programme. The Programme is the
Foundation’s 10-year, US$100 million commitment to training,
mentoring and funding 10,000 African entrepreneurs.
The application portal will be
open until midnight (WAT), March 1,
2017. Entrepreneurs must complete the online
application and selection is on a rolling basis, so early application is
encouraged.
TEF Founder Tony O. Elumelu said: “I believe the seeds we are planting
through the Programme will transform Africa. Two years on, it is
clear that we have found a key to unlocking Africa’s potential
for economic transformation. As ourentrepreneurs grow their own
businesses and realise theirambitions, so too does the
vision. We are showing what the African private
sector can achieve; how hard work and enterprise
can catalyze real, sustainable development.”
The Programme is designed
to identify entrepreneurs that have the potential to grow their
businesses and collectively generate 1,000,000 new
jobs, that can contribute at least $10 billion in additional
revenues to the African economy.
According to TEF CEO,
Parminder Vir OBE, “This programme continues to surpass our
expectations and its success is palpable. Your entrepreneurial journey
begins when you make the decision to complete the application. We are seeking
real entrepreneurs, people who can take risk and reap rewards, not
just for themselves, but their communities and countries.”
The success of 2015 Tony
Elumelu Entrepreneurs reflects the impact of
the Programme, including:
1. Momar Mass-Taal (Agriculture, Gambia)
turned his $5,000 seed capital into $1.2 million in revenue
2. Bukhary Kibonajoro (Education
& Training, Tanzania) used the mentorship and training to
launch his business, create 34 new jobs and provide growth services for more
than 100 local business in 12 months.
3. Chioma Okonu (Waste
Management, Nigeria) Has created ancillary revenue streams for
more than 6,000 households, created 40 jobs and generates over $50,000 in
profit.
To be eligible to apply:
1. Businesses must be
based in Africa
2. Businesses must be for
profit
3. Applicants must be 18
years of age and above
4. Applicants must be a
legal resident or citizen of African countries
1,000 entrepreneurs will
be selected based on the feasibility of the business idea; market
opportunity; financial understanding; scalability;
leadership and entrepreneurial skills demonstrated in the
application.
For more information or to apply,
visit: http://tonyelumelufoundation.org/teep/faqs/
Media enquiries: media@tonyeleumelufoundation.org
About The Tony Elumelu Foundation
Established in 2010, The Tony
Elumelu Foundation (TEF) is the leading philanthropy in Africa championing
entrepreneurship and entrepreneurs across the continent. The Foundation’s
long-term investment in empowering African entrepreneurs is emblematic of
Tony Elumelu’s philosophy of Africapitalism, which positions Africa’s
private sector, and most importantly entrepreneurs, as the catalyst for the
social and economic development of the continent. The Foundation’s
flagship initiative, the TEF Entrepreneurship Programme, is a 10-year,
$100 million commitment to identify, train mentor and fund 10,000
entrepreneurs, capable of changing the face of business across Africa. www.tonyelumelufoundation.org/teep @tonyelumeluFDN
Tags
Business