The Tony Elumelu Foundation (TEF) will begin accepting applications for the 2020 cohort of the TEF Entrepreneurship Programme on 1 January, 2020. The programme is open to entrepreneurs from across Africa, either with new startup ideas or existing businesses of less than three years existence, operating in any sector.
The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 young African entrepreneurs.
Successful applicants will join the over 9,000 current beneficiaries, from 54 African countries, and receive business training, mentoring, a non-refundable $5,000 of seed capital and global networking opportunities. Last year, the Foundation received about 216,000 applications, with 42 per cent coming from women entrepreneurs, from every country on the continent.
According to the Foundation’s 2018 Impact Report, 70 per cent of the total number of businesses in its alumni network were still operational two years after benefitting from the programme. The report also identified an increase of 189 per cent revenue generated and 197 per cent increase in the number of additional jobs created by beneficiaries post-graduation, as well as a 100 per cent commitment to the Sustainable Development Goals.
For more on the programme visit: tonyelumelufoundation.org