The Tony Elumelu Foundation opens applications for 2019 entrepreneurship programme

The programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs.

Nigerian billionaire, Tony Elumelu, founder, TEF
  • Application available via TEFConnect.com – the largest digital networking platform for African entrepreneurs
  • Successful applicants to join existing 4,470 programme Fellows
  • TEF Entrepreneurship Programme, in its 5th Cycle, is open to citizens and legal residents of all African countries, who run for-profit businesses based in Africa that are no older than three years.
  • The deadline for applications submission is March 1, 2019. 

The Tony Elumelu Foundation has opened applications for the 2019 cohort of the TEF Entrepreneurship Programme with $100 million commitment for 10,000 African entrepreneurs.

In a statement posted on its website on Tuesday, January 1, 2019, TEF said the programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs.

With its objective to generate at least 1,000,000 new jobs and create at least $10 billion in new business revenue across Africa, the 2019 cohort will consist of outstanding African entrepreneurs running existing start-ups with high growth potential and aspiring business owners with transformative ideas.

Founder, Tony O. Elumelu, CON, stated: "The private sector must be the core driver of Africa's economic transformation, but this sector cannot attain its full potential if entrepreneurs are left behind. We call on all stakeholders - policymakers, business leaders and development agencies - to commit to creating a better future for our young Africans who have demonstrated intellect, skill, and passion, to empower them to succeed because their success is Africa's success. The TEF Entrepreneurship Programme is by far the most impactful project of my life and represents my commitment to transforming Africa through entrepreneurship".

Parminder Vir, CEO, Tony Elumelu Foundation, said: "Our entrepreneurs illustrate the Foundation's commitment to transform the African economy, by building on the intelligence, skills and resourcefulness of Africans. I encourage all ambitious young Africans to take advantage of this unique opportunity".

Criteria for selection

The TEF Entrepreneurship Programme is open to citizens and legal residents of all African countries, who run for-profit businesses based in Africa that are no older than three years.

The deadline for applications submission is March 1, 2019.

Applications will be judged based on criteria including 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 - http://www.tefconnect.com

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Top 10 happiest countries in Africa in 2022

Top 10 happiest countries in Africa in 2022

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

Here are the top 10 cities in Africa where the most rich people live

Here are the top 10 cities in Africa where the most rich people live

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

These 6 countries have the highest unemployment rates in Africa

These 6 countries have the highest unemployment rates in Africa

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job