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Application For The 2020 Tony Elumelu Foundation Entrepreneurship Programme Is Ongoing – Apply Now

The Tony Elumelu Foundation Entrepreneurship Programme

The 6th edition of Tony Elumelu Foundation Entrepreneurship Programme is currently open to application from entrepreneurs. This opportunity is open to African startup entrepreneurs with innovative business ideas or businesses in any sector, who have only existed for less than 3 years.

See Also: 10 Business Funding Opportunities For Aspiring Entrepreneurs In Nigeria To Grow Their Businesses

This is an amazing opportunity to get funding and training for your business, so hurry now and apply. You can apply through the foundation’s digital networking hub which was created for African entrepreneurship ecosystem, TEFConnect.

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

The Tony Elumelu Foundation Entrepreneurship Programme

The Tony Elumelu Foundation Entrepreneurship Programme is the largest African philanthropic initiative. It was launched in 2015 with the commitment to empower entrepreneurs and entrepreneurship in Africa.

Initially, the program started with a $100million commitment by the Elumelu family to empower 10,000 African entrepreneurs over a 10-year period. The aim is to create at least 1 million jobs and contribute over $10 billion in revenue to the African economy. A lot of international and local organisations has since bought into the vision and has continued to empower entrepreneurs through funding.

The foundation has successfully organised 5 editions of the program with the 6th edition set to hold in 2020. Altogether, it has empowered over 9,000 entrepreneurs in 54 African countries thus far.

See Also: Business Quotes From Nigerian Entrepreneurs That Will Motivate You To Success

Eligibility Criteria

The opportunity is solely open to African entrepreneurs whose business is a start up and less than three years old. 

The selected panel will consider applications that fulfill the following criteria;

  • Feasibility of the business idea
  • Market Opportunity: The knowledge and understanding of the market, customers and competitors for their idea/business.
  • Financial Understanding: Understanding of the basic financial requirements of running a business, costs and revenues
  • Scalability: Demonstrates potential for replication and growth of their product or service to create jobs and wealth.
  • Leadership Potential and Entrepreneurial Skills: Demonstrate leadership potential capable of attracting people, customers and resources. 

See Also: UBA Launch The UBA Bumper Account, Rewards 100 Customers With N10 Million

How To Apply

  • Visit application.tefconnect.com and sign up
  • Complete the application form
  • Click Submit. You will receive a notification of your result.

Please Note: If you visit the home page, tefconnect.com, ensure to click on ‘Application’ to begin the 3 step process.

See Also: 11 Ways To Get Funding And Grow Your Business In Nigeria

Benefits Of The Tony Elumelu Foundation Entrepreneurship Programme

If your application is selected, you will have access to;

Go from idea to starting your business in 30 days
Go from idea to starting your business in 30 days

See Also: 100 Profitable Business Ideas For Aspiring Entrepreneurs And Investors

The Tony Elumelu Foundation 

The Tony Elumelu Foundation (TEF) is an African private-sector-led philanthropy focused on empowering African entrepreneurs. It was created in 2010 by Tony O. Elumelu, CON, an entrepreneur, investor and philanthropist, who is  passionate about Africa’s economic development.

In 2018, the Foundation launched TEFConnect, Africa’s digital entrepreneurship hub to connect the entrepreneurship ecosystem and facilitate businesses beyond physical borders. Currently, the platform hosts 800,000 users. 

Besides this, there are other empowerment programs that has been organised by the foundation like: Elumelu Empowerment Fund; Tony & Awele Elumelu Fund, Nigeria 50 and Elumelu Professional Programmes (EPP). However, several of these programs came to a halt in 2015 when the entrepreneurship program was born.

See Also: International Labour Organisation Skills Challenge Innovation Call Application Is Open

In conclusion, the Tony Elumelu Foundation believes that the private sector holds the key to unlocking Africa’s economic potential, therefore it has been channeling its strength to achieving this goal.

Application for the programme is ongoing, and will close on March 1, 2020.

Are you an entrepreneur making a leap in your industry, reach out to us to tell your story.

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