Tony Elumelu Foundation Entrepreneurship Programme 2023 for African Entrepreneurs (Seed Funding of $5,000 and more)
Deadline: 31st of March, 2023
The Tony Elumelu Foundation Entrepreneurship Program 2023 is now accepting applications. The Tony Elumelu Foundation (TEF), Africa’s top foundation dedicated to developing African entrepreneurs, is on the lookout for the continent’s most avant-garde company concepts.
The TEF Entrepreneurship Program is available to entrepreneurs from all across Africa, whether they have brand-new startup ideas or established enterprises that have been in operation for less than three years and operate in any industry. Successful candidates will join the nearly 9,000 existing beneficiaries, from 54 African nations, and get business training, mentorship, $5,000 in non-refundable seed money, as well as possibilities for international networking.
The Program is a commitment of 10 years and $100 million to find, educate, coach, and support 10,000 young African entrepreneurs. The objective is to adopt Africapitalism, which views the private sector as Africa’s growth engine and emphasizes the value of generating social and economic prosperity, in order to create millions of jobs and the necessary money for the continent’s sustainable development.
If your startup or company concept has been around for less than three years and is in any industry or nation in Africa, you are qualified to apply.
Benefits:
Selected entrepreneurs will receive:
- World-class business management training
- Mentorship
- $5,000 non-refundable seed capital
- Access to key networks and markets
- Global Networking Opportunities
Eligibility:
- Open to all citizens and legal residents of any one of the 54 African countries. The proposed
business must be registered and operate in Africa. - Applicants must be 18 years old and must not be considered a minor in their country of
residence. There is no upper-limit age restriction. - Applicants can be outstanding African entrepreneurs running existing start-ups with high
growth potential and aspiring business owners with transformative ideas. - All businesses must be business ideas or an early-stage company, in the range of 0 to 3
years old. - Your application must focus on ONE business only.
- They are particularly looking to grow representation from French, Arabic and Portuguese
speakers, as well as female entrepreneurs. - The programme is not open to research institutions, faith-based organisations, value adding
trading companies, government contractors and businesses not located in
Africa. Businesses must not adversely affect the environment, lives and property. Business
ideas must be for profit and must be the original work of those making the submission.
Application:
Applications are made through TEFConnect, the digital networking hub for the African entrepreneurship
ecosystem, created by the Foundation.
