Are you an entrepreneur in Africa with a new startup idea or an existing business of fewer than 3 years? The Tony Elumelu Foundation Entrepreneurship Program is your gateway to world-class business training, mentorship, a non-refundable $5,000 seed capital, and global networking opportunities. Join the ranks of over 9,000 beneficiaries from 54 African countries who have already embarked on this transformative journey.
Program Overview: A Decade-Long Commitment
The Tony Elumelu Foundation Entrepreneurship Program is part of a 10-year, $100 million commitment to identify, train, mentor, and fund 10,000 young African entrepreneurs. This initiative aims to generate millions of jobs and foster the revenue necessary for the sustainable development of the continent. Embracing the philosophy of Africapitalism, the program positions the private sector as the engine for Africa’s growth, emphasizing the creation of social and economic wealth.
Eligibility Criteria: Your Opportunity to Thrive
If you have a business idea or a startup under 3 years of existence in any sector across Africa, you are eligible to apply. The foundation is particularly keen on encouraging representation from French, Arabic, and Portuguese speakers, as well as female entrepreneurs. Whether you’re an outstanding entrepreneur with a high-growth startup or an aspiring business owner with transformative ideas, this program is designed for you.
Application Requirements: Key Information
- Open to citizens and legal residents of any of the 54 African countries.
- The proposed business must be registered and operate within Africa.
- Applicants must be at least 18 years old, with no upper-limit age restriction.
- All businesses must be in the idea stage or an early-stage company (0 to 3 years old).
- Focus your application on one business only.
- The program is not open to research institutions, faith-based organizations, value-adding trading companies, government contractors, and businesses located outside Africa.
- Business ideas must be for profit and the original work of those making the submission.
- Deadline for applications: March 1, 2024.
How to Apply: Your Journey Begins Here
Interested and qualified applicants can apply through TEFConnect, the digital networking hub for the African entrepreneurship ecosystem. Visit TEFConnect to begin your application process and explore a world of opportunities.
For more details, visit the official Tony Elumelu Foundation website. Seize this opportunity to transform your entrepreneurial dreams into reality!
