Apply for Tony Elumelu Foundation Programme 2021. The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs.
The intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities.
To address the unique challenges arising from the pandemic, lift millions out of poverty and create sustainable employment across the continent, the Foundation’s Entrepreneurship Programme will empower 1,000 young African entrepreneurs, selected from the 2020 cohort. The Foundation will also open applications to an additional 2,400 young entrepreneurs in 2021, in collaboration with global partners.
Startup African entrepreneurs based in Africa
Business at the idea stage are welcome, as well as innovative businesses that have been in existence for less than 3 years
Business can be in any sector
Business must have potential to create jobs and revenue on the continent
January 1, 2021: Application portal opens
March 31, 2021: Application portal closes; initial longlist is announced to proceed for business training
April – May: Training & mentorship
June: Pan-African pitching competitions
July: Announcement of finalists at the TEF Forum
August – September: Background Check
August – December: Seed Funding Disbursement
Following applications, African entrepreneurs will undergo business training.
Shortlisted candidates will prepare and submit an updated business plan
Top performing entrepreneurs will be shortlisted to go through a pitching phase in all 54 African countries, in English, French, Portuguese or Arabic.
Top performers will be selected to receive the $5,000 seed capital.
Finalists to receive $5,000 seed capital will be announced at the TEF Forum
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