Elumelu Foundation Opens Applications For 2019 Entrepreneurship Programme Jan.

Elumelu Foundation Opens Applications For 2019 Entrepreneurship Programme Jan.

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Post Views: 93 The management of Tony Elumelu Foundation, on Tuesday said it will begin accepting applications for the fifth cycle of its Entrepreneur...

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The management of Tony Elumelu Foundation, on Tuesday said it will begin accepting applications for the fifth cycle of its Entrepreneurship Programme at 12am, WAT, January 1, 2019 to select 1,000 applicants that will join the current beneficiaries of the Programme.
Since 2015, the TEF Entrepreneurship Programme – the only African-funded entrepreneurial catalyst of its kind – has empowered 4,470 African entrepreneurs, with seed capital of $5,000 each; 12 weeks of accelerated online business training; access to experienced mentors; and membership of Africa’s largest entrepreneurial ecosystem.
Beneficiaries of the programme have been profiled in global media, including the Forbes [Africa] 30 Under 30 list. They have attracted the attention of investors, as well as have been recipients of awards, including the Google Impact Challenge and the Chivas’ “The Venture” Award for Social Entrepreneurs.
The Entrepreneurship Programme has facilitated exchanges between African entrepreneurs and local and global public sector leaders, investors and development partners, raising their business profiles, scaling their opportunities, showcasing their innovation and identifying ways to further strengthen the business environment in Africa.
In June 2018, the Foundation convened a forum with President Emmanuel Macron of France and young African entrepreneurs. In October 2018, the Foundation was proud to have President Nana Akufo-Addo of Ghana and President Uhuru Kenyatta of Kenya address the gathering of young African entrepreneurs at the TEF Entrepreneurship Forum.
The Foundation’s investment, impact and commitment to advancing entrepreneurship, according to the statement, “is predicated on the belief that Africa’s entrepreneurs hold the key to unlocking the potential of the continent and facilitating the transformation of Africa.
“With this objective, the Tony Elumelu Foundation launched the TEF Entrepreneurship Programme, its US$100m flagship programme to identify over a period of 10 years, 10,000 African startups and entrepreneurs, with ideas that have the potential to transform the African continent. Its goal is to invest in businesses that together can generate at least 1,000,000 new jobs and contribute at least $10bn in new annual revenues across Africa.”
The TEF Entrepreneurship Programme is open to citizens and legal residents of all African countries, who run businesses based in Africa that are less than three years old. Business ideas that are yet to launch are also encouraged.
The 2019 Applications will be hosted on the largest digital networking platform for African entrepreneurs – TEFConnect on www.tefconnect.com.

Photo Caption: Tony Elumelu, Founder, Tony Elumelu Foundation (left) and President Nana Akufo-Addo, President of Ghana (right), pose with a beneficiary (middle) of the TEF Entrepreneurship Programme at the 2018 TEF Entrepreneurship Forum.

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