Tony Elumelu Entrepreneurship Programme 2021, is finally out. For Entrepreneurs looking for grants to start up their business.
it is that time again to apply for the Tony Elumelu Entrepreneurship Programme. which opens on the 1st of January 2021. All interested applicants should read through this page for proper guidance on the application.
Tony Elumelu Entrepreneurship Programme 2021
The Tony Elumelu Foundation is the leading champion of entrepreneurship in Africa. Our objective is to empower women and men across our continent, catalysing economic growth, driving poverty eradication and ensuring job creation. We believe the private sector’s role is critical for Africa’s development and that the private sector must create both social and economic wealth.
Founded by African investor and philanthropist, Tony O. Elumelu, and representing his personal commitment to creating a new generation of entrepreneurs, through his investment company, Heirs Holdings, the Foundation is active in all 54 African countries.
Our mission is implemented through our programmes, research, communities, advocacy and convenings, including the annual TEF Forum, the largest gathering of entrepreneurs in Africa, and TEFConnect, Africa’s digital hub for entrepreneurs. The Foundation leverages its strong relationships in the public, private and development sectors to drive its mission of creating prosperity for all.
In 2015, the Foundation launched the TEF Entrepreneurship Programme, a $100 million commitment by Tony Elumelu to empower 10,000 African entrepreneurs over 10 years. Building on the Programme’s success and its unique ability to identify, mentor and fund entrepreneurs across Africa, the Foundation is increasingly sharing its robust delivery platform and working in partnership with institutions such as United Nations Development Programme, the African Development Bank, the International Committee of the Red Cross, GIZ, and United Bank for Africa Plc, to create meaningful and permanent impact across Africa.
Thus far, the Tony Elumelu Foundation has trained, mentored, and funded over 9,000 young African entrepreneurs across 54 African countries through its Entrepreneurship Programmes, and provides capacity-building support, advisory and market linkages to over 1million Africans through its digital networking platform, TEFConnect.
The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, opens applications on its TEFConnect digital platform (www.tefconnect.com) on January 1, 2021, and closes March 31st, 2021.
This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities.
Number of Applicants to be Selected
For numbers of applicants to be selected is 1000, but for a few years now it has increase and this is because other philanthropist and organisations are also investing into the vision there taking more instead of the normal 1000 entrepreneurs for 1oyears.
How to Apply for Tony Elumelu Foundation Programme
Applicants can forward the application through the organizational application portal.
Benefits Tony Elumelu Entrepreneurship Programme
The Benefits are numerous but here are the essential ones
- Business Training
- $ 5,000 Non-refundable seed capital
- Global Networking Opportunity
- You are not required to pay Application FEE
- To Apply to Proceed to the APPLICATION PORTAL
Application Starting date
The application portal opens January 1st, 2021
11:59 pm, March 31, 2021.