The Tony Elumelu Foundation Entrepreneurship Programme – TEEP – to offer 10,000 aspiring African Entrepreneurs an opportunity to benefit from $100 million grant to create 1,000,000 jobs and contribute $10 billion in annual revenues to Africa’s economy over the next 10 years.
The Tony Elumelu Foundation (TEF) Africa’s leading philanthropy dedicated to empowering African entrepreneurs will begin accepting applications for the 2020 cohort of the TEF Entrepreneurship Programme, on January 1, 2020.
Applications are made through TEFConnect, the digital networking hub for the African entrepreneurship ecosystem, created by the Foundation.
The TEF Entrepreneurship Programme is open to entrepreneurs from across Africa, either with new startup ideas or existing businesses of less than 3 years existence, operating in any sector. Successful applicants will join the over 9,000 current beneficiaries, from 54 African countries, and receive business training, mentoring, a non-refundable $5,000 of seed capital and global networking opportunities.
Last year, the Foundation received about 216,000 applications, with 42% coming from women entrepreneurs, from every country on the continent.
Application Period: Interested entrepreneurs will be able to submit their applications to join the programme as from 1st January 2020.
Offered annually? Yes. For a period of 10 years
Opportunity is open to: All citizens (18 and above) and legal residents of all African countries with businesses that operate in Africa.
About Tony Entrepreneurship Programme: Nigerian billionaire investor and philanthropist Tony Elumelu has committed $100 million to create 10,000 entrepreneurs across Africa over the next 10 years. Elumelu made the commitment during a press conference in Lagos to announce the launch of The Tony Elumelu Foundation Entrepreneurship Programme (TEEP).TEEP, a Pan-African entrepreneurship initiative of the Tony Elumelu Foundation, is a multi-year programme of training, funding, and mentoring, designed to empower the next generation of African entrepreneurs.
Starting Year: 2015
Programme Type: Funding for African Entrepreneurs
Number of Entrepreneurs: There are 1,000 positions available annually for 10 years
Value of Programme: The 1,000 start-ups selected from a pool of applicants across Africa will participate in a comprehensive programme which will include;
- A customized 12-week business skills training course
- Start-Up Enterprise Toolkit
- Resource Library
- 2-Day Boot Camp
- Seed Capital Funding
- Elumelu Forum
- Alumni Network
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Duration of Programme: The programme will identify and help grow 10,000 start-ups and young businesses from across Africa over the next 10 years. These businesses will in turn create 1,000,000 new jobs and contribute $10 billion in annual revenues to Africa’s economy.
How to Apply: All applications must be submitted online through the TEEP Portal. Answer a series of mandatory questions and upload additional documents and identification materials. You will receive a confirmation email within 1 working day of submission.
More details about the program, including eligibility and the application and selection processes are available on the Tony Elumelu Foundation website at: www.tonyelumelufoundation.org/TEEP.
Sponsors: Tony Elumelu Foundation
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