2024 : Tony Elumelu Foundation Entrepreneurship Program

Requirements for the Tony Elumelu Foundation Entrepreneurship Program:

To be eligible for the Tony Elumelu Foundation Entrepreneurship Program, applicants must meet the following criteria:

1. Open to Entrepreneurs Across Africa:
   • The program is accessible to entrepreneurs operating in any sector.
   • It welcomes both new start-ups and existing young businesses.
2. Age Requirement:
   • Applicants must be 18 years of age and above.
3. Business Stage:
   • All businesses considered must either be business ideas or early-stage companies.
   • The businesses should fall within the age range of 0 to 5 years.

Benefits of the 2024 Tony Elumelu Foundation Entrepreneurship Program:

Successful participants in the program can expect the following benefits:

1. Non-refundable Seed Funding:
   • Entrepreneurs will receive a non-refundable seed funding of $5,000 to support their business initiatives.
2. World-Class Business Training:
   • A 12-week world-class business training program will be provided to enhance the skills and knowledge of the participants.
3. Access to TEF Alumni Network:
   • Participants gain access to the TEF Alumni network, which comprises over 15,000 entrepreneurs across Africa.
4. Mentoring and Networking Opportunities:
   • Entrepreneurs will have opportunities for mentoring and networking through TEFConnect.net, Africa’s largest digital platform for entrepreneurs.

Note:

• The benefits are designed to support and empower entrepreneurs, fostering their growth and contributing to economic development across the African continent.

Summary of Tony Elumelu Foundation (TEF) Entrepreneurship Programme:

The Tony Elumelu Foundation’s Entrepreneurship Programme for young Africans aims to empower individuals across the continent, fostering economic growth, combating poverty, and promoting job creation.

Key Points:

• Host: Tony Elumelu Foundation
• Category: Training | Fellowships
• Eligible Countries: African Countries
• Reward: $5,000 | Business Training
• No IELTS required
• Deadline: March 1, 2024

The program reflects a belief in the pivotal role of the private sector in Africa’s development, emphasizing that the private sector should contribute to both social and economic prosperity.

Objectives:

• Empower women and men in Africa.
• Catalyze economic growth.
• Drive poverty eradication.
• Ensure job creation.

Application Details: Interested individuals from eligible African countries can apply by the deadline of March 1, 2024. The program offers a reward of $5,000 along with valuable business training. Notably, there is no requirement for IELTS.

Host’s Perspective: The Tony Elumelu Foundation envisions the private sector as a crucial driver of Africa’s development and encourages initiatives that contribute to both social and economic wealth.

This Entrepreneurship Programme stands as a testament to the foundation’s commitment to supporting and nurturing the entrepreneurial spirit across the African