THE Tony Elumelu Foundation (TEF) is now accepting applications for business ideas that can transform Africa. The programme, in its 4th cycle, is TEF’s 10-year, $100 million commitment to identify, train, mentor and fund10,000 African entrepreneurs by 2024.
The programme provides critical tools for business success, including: training, 12 weeks of intensive online training which guides creating and managing a business. Mentoring, a world-class mentor to guide during the early transformation stages of the business. Funding, $5,000 in seed capital to prove the concept plus access to further funding and network, which provides access to the largest network of African start-ups and TEF’s own global contacts. The deadline is 1st March 2018.
TEF founder, Tony O. Elumelu, said: “When we launched the TEF programme and committed $100 million to empowering Africa’s entrepreneurs, I knew we would create impact, but I never imagined it would be impact of this magnitude. We have unleashed a movement of African entrepreneurs — a force so strong, so inspiring, that I am confident they will collectively transform Africa. We need Africa’s best and brightest entrepreneurs to come learn, grow their businesses and build our continent.”