On January 1, 2017, The Tony Elumelu Foundation (TEF)
will begin accepting applications for the third round of the TEF
Entrepreneurship Programme. The Programme is the
Foundation’s 10-year, US$100 million commitment to training, mentoring
and funding 10,000 African entrepreneurs.
The application portal will be open until midnight (WAT), March
1, 2017. Entrepreneurs must complete the online
application and selection is on a rolling basis, so early application is
encouraged.
TEF Founder Tony O. Elumelu said: “I
believe the seeds we are planting through the Programme will transform
Africa. Two years on, it is clear that we have
found a key to unlocking Africa’s potential for economic
transformation. As ourentrepreneurs grow their own businesses
and realise theirambitions, so too does the vision. We
are showing what the African private sector can
achieve; how hard work and enterprise can catalyze real, sustainable
development.”
The Programme is designed to identify
entrepreneurs that have the potential to grow their businesses and
collectively generate 1,000,000 new jobs, that can contribute at
least $10 billion in additional revenues to the African economy.
According to TEF CEO, Parminder Vir OBE, “This
programme continues to surpass our expectations and its success is
palpable. Your entrepreneurial journey begins when you make the decision to
complete the application. We are seeking real entrepreneurs, people who
can take risk and reap rewards, not just for themselves, but their communities
and countries.”
The success of 2015 Tony Elumelu Entrepreneurs reflects
the impact of the Programme, including:
1. Momar Mass-Taal (Agriculture, Gambia)
turned his $5,000 seed capital into $1.2 million in revenue.
2. Bukhary Kibonajoro (Education &
Training, Tanzania) used the mentorship and training to launch his
business, create 34 new jobs and provide growth services for more than 100
local business in 12 months.
3. Chioma Okonu (Waste
Management, Nigeria) Has created ancillary revenue streams for
more than 6,000 households, created 40 jobs and generates over $50,000 in
profit.
To be eligible to apply:
1. Businesses must be based in Africa
2. Businesses must be for profit
3. Applicants must be 18 years of age and
above
4. Applicants must be a legal resident or citizen
of African countries
1,000 entrepreneurs will be selected based on
the feasibility of the business idea; market opportunity; financial
understanding; scalability; leadership and entrepreneurial skills
demonstrated in the application.
For more information or to apply, visit: http://tonyelumelufoundation.org/teep/faqs/
Media enquiries: media@tonyeleumelufoundation.org
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