TEF opens application for 2019 entrepreneurship programme

The Tony Elumelu Foundation has announced the last call for applications into its prestigious 2019 Entrepreneurship Programme. The application portal launched on the 1st of January 2019 will close on the 1st of March, 2019.    

Selected beneficiaries will join 4,470 current alumni and will receive $5,000 seed capital, access to mentors, bespoke training and numerous opportunities to impact policies at the local and global level.  

Open to African entrepreneurs from the 54 African countries, the entrepreneurship programme accepts business ideas as well as existing  businesses with less than three years of experience in all sectors of the economy.

It has been commended as one of the few accelerator-type programmes that encourage viable businesses at idea stage that can demonstrate potential to scale, generate revenue and create employment opportunities.  A 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs, the Programme’s objective is to generate at least 1,000,000 new jobs and create at least $10 billion in new business revenue across Africa.  

Applications will be judged based on criteria including feasibility, scalability and potential for growth of the product/service; market opportunity for the idea/business; financial understanding, leadership potential and entrepreneurial skills.