Deadline: 31 March, 2021
The Tony Elumelu Foundation (TEF) has opened applications for the Entrepreneurship Programme 2021.
The programme is designed to identify, train, mentor and fund 10,000 young African entrepreneurs, with the goal to create millions of jobs and the revenue required for the sustainable development of Africa.
It is understood that this year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities.
Benefits
- Business Training
- Mentoring
- $5,000 non-refundable seed capital
- Global networking opportunities
Eligibility
- Open to all citizens and legal residents of any one of the 54 African countries
- Proposed business must be registered to operate in Africa
- Applicants must be 18 years old and must not be considered a minor in their country of residence (There is no upper-limit age restriction)
- Applicants can be outstanding African entrepreneurs running existing startups with high growth potential and aspiring business owners with transformative ideas
- All businesses must be business ideas or an early stage company in the range of zero to three years old
- Application must focused on one business only
- Not open to research institutions, faith-based organisations, value adding trading companies, government contractors and businesses not located in Africa
- Businesses must not adversely affect the environment, lives and property
- Business ideas must be for profit, and must be the original work of those making the submissions
To apply and for more information, click here.
Photo source: Presidence de la Republique du Benin’s Photostream
