From Tony Elumelu Foundation, lifelines for African entrepreneurs

In line with the organisation’s resolve to support entrepreneurs, as well as promote thought leadership in Africa, the Tony Elumelu Foundation is currently accepting application from African entrepreneurs for this year’s Tony Elumelu Foundation Entrepreneurship Programme (TEEP).

Application for the programme, which offers 10,000 aspiring African entrepreneurs an opportunity to benefit from $100 million grant to create 1,000,000 jobs and contribute $10 billion in annual revenues to Africa’s economy over the next 10 years, commenced on January 1 and will close on midnight of March 1, 2017.

The yearly intervention programme is open to all citizens (18 and above) and legal residents of all African countries with businesses that operate within the continent. Already, the founder and philanthropist, Tony Elumelu, has committed $100 million into the project to create 10,000 entrepreneurs across Africa over the next 10 years.

All applications must be submitted online through the TEEP Portal www.tonyelumelufoundation.org/TEEP, where interested participants will answer a series of mandatory questions and upload additional documents and identification materials. Applicants will receive a confirmation email within 1 working day of submission.

The 10,000 successful start-ups selected from a pool of applicants across Africa will participate in a comprehensive programme, which will include a customized 12-week business skills training course, start-up enterprise toolkit, mentoring, resource library, a 2-day boot camp, seed capital funding, Elumelu Forum and alumni network.

The sessions will also identify and help grow 10,000 start-ups and young businesses from across Africa over the next 10 years. These businesses will in turn create 1,000,000 new jobs and contribute $10 billion in annual revenues to Africa’s economy.