The Tony Elumelu Foundation has announced that it is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme.
The programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs. Its objective is to generate at least 1,000,000 new jobs and create at least $10 billion in new business revenue across Africa.
Now in its fifth year, the TEF Entrepreneurship Programme has empowered 4,470 entrepreneurs, using a bespoke and robust selection, training and implementation process to create visible and sustainable impact across all 54 African countries.
Outstanding African entrepreneurs running existing start-ups with high growth potential and aspiring business owners with transformative ideas are invited to apply.
Inspired by Tony Elumelu’s economic philosophy of Africapitalism and his vision to institutionalise luck and democratise opportunity for a new generation of African entrepreneurs, the foundation has implemented one of the most ambitious entrepreneurship programmes globally.
Founder, Tony Elumelu, stated: “The private sector must be the core driver of Africa’s economic transformation, but this sector cannot attain its full potential if entrepreneurs are left behind.
“We call on all stakeholders – policymakers, business leaders and development agencies – to actively commit to creating a better future for our young Africans who have demonstrated intellect, skill, and passion, to empower them to succeed because their success is Africa’s success.
“The TEF Entrepreneurship Programme is by far the most impactful project of my life and represents my commitment to transforming Africa through entrepreneurship.”
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.
Deadline for applications submission is March 1, 2019.