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2024 : Tony Elumelu Foundation Entrepreneurship Program

samuel Ayoola by samuel Ayoola
January 19, 2024
in Scholarship/ Opportunities
Reading Time: 3 mins read
2024 : Tony Elumelu Foundation Entrepreneurship Program
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Requirements for the Tony Elumelu Foundation Entrepreneurship Program:

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

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  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

 

Tony Elumelu Foundation Entrepreneurship Details:

The Tony Elumelu Foundation (TEF) was founded in 2010 by Tony O. Elumelu, CON, an entrepreneur, investor and philanthropist who is passionate about Africa’s economic development.

About Us Programme Alumni Impact Media TEF Connect TEF Forum We are an African private-sector-led philanthropy empowering African entrepreneurs. The Tony Elumelu Foundation (TEF) was founded in 2010 by Tony O. Elumelu, CON, an entrepreneur, investor and philanthropist who is passionate about Africa’s economic development.

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