Tony Elumelu Foundation Opens Applications for 2019
The Tony Elumelu Foundation opens applications for 2019 batch of the TEF Entrepreneurship Programme for 10,000 African entrepreneurs.
In a statement posted on its website on Tuesday, January 1, 2019, TEF said the programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs.
With its objective to generate at least 1,000,000 new jobs and create at least $10 billion in new business revenue across Africa, the 2019 cohort will consist of outstanding African entrepreneurs running existing start-ups with high growth potential and aspiring business owners with transformative ideas.
The CEO, Tony Elumelu Foundation, said: “Our entrepreneurs illustrate the Foundation’s commitment to transform the African economy, by building on the intelligence, skills and resourcefulness of Africans. I encourage all ambitious young Africans to take advantage of this unique opportunity”.
Criteria for Selection
The TEF Entrepreneurship Programme is open to citizens and legal residents of all African countries, who run for-profit businesses based in Africa that are no older than three years.
The deadline for applications submission is March 1, 2019.
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.
How to Apply for TEF Entrepreneurship Programme
As the programme enters its 5ht cycle, if you applied before and was not selected or this is your first atept, get more information here;
[porto_blockquote skin=”primary”]”The Tony Elumelu Foundation offers: a platform that empowers African entrepreneurs– from business management training, to mentoring, to funding to networking – championing their cause and giving them a global voice to actualise their ambitions.”
— Mr Tony Elumelu, Founder TEF and Chairman of United Bank for Africa (UBA).[/porto_blockquote]