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TONY ELUMELU FOUNDATION..............Opens Application for 2019 Enterprise Grant Program



ENTERPRISE!



The Tony Elumelu Foundation, an African-funded philanthropy, committed to empowering African entrepreneurs is now accepting applications for the 2019 YOUNG AFRICAN ENTREPRENEURS interested in the Entrepreneurship Programme.

The programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs, a press statement from the organisation has stated.

The programme’s objective is to generate at least one million new jobs and create at least $10 billion in new business revenue across Africa.

Now in its fifth year, the TEF Entrepreneurship Programme 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, the statement highlighted.

“Outstanding African entrepreneurs running existing start-ups with high growth potential and aspiring business owners with transformative ideas are invited to apply. We are particularly looking to grow representation from French, Arabic and Portuguese speakers, as well as female entrepreneurs.”

Selected entrepreneurs from previous years have transformed their businesses and their communities after gaining from the Programme’s 7 pillars: $5,000 in seed capital; business development training; one-on-one mentoring; access to TEFConnect; pan-African meetups; TEF network membership; and participation at the annual TEF Entrepreneurship Forum, the largest convening of the African entrepreneurship ecosystem.


“The Foundation, which has recently hosted President Macron of France, President Uhuru Kenyatta of Kenya and President Nana Akufo-Addo of Ghana in dynamic interactive sessions with young African entrepreneurs, is committed to supporting the entire entrepreneurship ecosystem – from the entrepreneurs themselves, governments who must provide enabling environments, to capital, advice and most importantly access and networks.

The selection criteria includes: feasibility, scalability and potential for growth of the product/service; market opportunity for the idea/business; financial understanding, leadership potential and entrepreneurial skills.


“Applicants can apply on TEFConnect – www.tefconnect.com – the largest digital networking platform for African entrepreneurs,” the statement highlighted.


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