Deadline: 1 March 2017
Africa’s largest business incubator, The Tony Elumelu Foundation (TEF) is seeking applications for its 3rd Cycle of Entrepreneurship Programme from African entrepreneurs, with business ideas that can transform Africa.
The Tony Elumelu Foundation (TEF) is the leading philanthropy in Africa championing entrepreneurship and entrepreneurs across the continent. The Foundation’s long-term investment in empowering African entrepreneurs is emblematic of Tony Elumelu’s philosophy of Africapitalism, which positions Africa’s private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent.
The Foundation’s flagship initiative, the TEF Entrepreneurship Programme, is a 10-year, $100 million commitment to identify, train mentor and fund 10,000 entrepreneurs, capable of changing the face of business across Africa.
The Programme provides critical tools for entrepreneurial success, including:
- Training: 12 weeks of intensive training on setting-up and managing businesses
- Mentoring: A mentor will guide successful applicants in creating a robust business plan
- Seed Capital: $5,000 in non-returnable seed capital and access to a $5,000 convertible loan
Eligibility Criteria
To be eligible:
- Business must be based in Africa
- Business must be for profit
- Business must be 0-3 years’ old
- Applicants must be at least 18 and a legal resident or citizen of an African country
How to Apply
Applicants can apply online via given website.
Eligible Countries: Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Comoros, Congo, Republic of the Congo, Democratic Republic of the, Cote d’Ivorie, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe
For more information, please visit Tony Elumelu Foundation.