The Tony Elumelu Foundation (TEF) has opened its application
portal for applications from entrepreneurs across all African
countries, for the 2020 cohort of the TEF Entrepreneurship
Programme.
In 2019, 3,050 African entrepreneurs benefited from the
programme, a number which was projected to significantly rise this
year.
The TEF Entrepreneurship Programme is open to startup
entrepreneurs, with innovative business ideas or businesses that
have been in existence for less than three years, in any sector,
from across Africa.
The programme is the $100 million commitment by African investor
and philanthropist, Tony Elumelu, to empower 10,000 entrepreneurs
in 10 years, with the goal of creating millions of jobs and new
revenue on the continent.
The programme implements Elumelu’s Africapitalism philosophy,
which positions the private sector as the catalyst for African
economic transformation, and an investment approach that values the
creation of both social and economic wealth.
In commemoration of its 10th year anniversary, the Foundation
would announce further enhancements to the Programme, providing
additional benefits to Africa’s rapidly growing youth
demographic.
The changes in the 2020 TEF Entrepreneurship Programme emphasise
a personalised entrepreneurship journey for every applicant and
opening the platform to ensure a higher number of people trained,
amplifying the Programme’s impact and reach. In just five years,
the Programme has empowered over 9,000 beneficiaries from all 54
African countries, with training, mentorship and seed funding.
Speaking at the launch of the 2020 TEF Entrepreneurship
Programme, CEO, TEF, Ifeyinwa Ugochukwu, said, “The transformation
of Africa begins with empowering our young African entrepreneurs.
With the recent enhancements made to our Programme and our growing
list of partners, the Tony Elumelu Foundation is significantly
increasing its impact across the continent.
“We encourage all startup African entrepreneurs across the 54
African countries to apply for the Programme, as we continue to
empower the very best ideas that will create the much needed
employment and revenue on the continent.”
The multilingual Application Portal is open on
TEFConnect.com[1], the
digital networking platform for African entrepreneurs, from January
1 to March 1, 2020.
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