The Tony Elumelu Foundation is accepting applications for the 4th cycle of the ground-breaking Pan-African entrepreneurship development initiative, the Tony Elumelu Foundation Entrepreneurship Program, starting 1st of January 2018 at 12am (WAT) is expected to close on March 1, 2018.
The Tony Elumelu Foundation Entrepreneurship Program, is an initiative of the Tony Elumelu Foundation designed to fund 10,000 African entrepreneurs over a period of 10 years, and is calling on business start-ups between the age 0-3 years currently based in Africa to apply for the programme, after the successful inaugural cycle in 2015.
The application portal is currently open to African entrepreneurs with transformative business ideas and it will remain open till Midnight West African Time on March 1, 2018. New business ideas which have been in existence for less than three years can also apply.
The Tony Elumelu Foundation Entrepreneurship Program will avail the successful entrepreneurs with a 12-week intensive training session, mentoring and non-returnable seed capital of $5,000 and access to a $5,000 transformable loan
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1,000 entrepreneurs will be selected based on the viability of their business idea, including: market opportunity; financial understanding; scalability; leadership and entrepreneurial skills demonstrated in the application.
- The business enterprise must be based in Africa
- The business venture must be for profit
- The business must be 0-3 years’ old
- Applicants must be at least 18 and a legal resident or citizen of an African country
The programme encourages women, French and Portuguese speakers to apply. It has already recorded 3,000 alumni who are already growing their businesses and improving lives.
The application portal is open and accepting submissions until Midnight WAT on March 1, 2018. To apply, complete the online application www.application.tonyelumelufoundation.org
After 3 cycles, 3,000 entrepreneurs across Africa have created tens of thousands of jobs in the process – in the Agriculture industry alone, they are responsible for over 15,000 jobs.
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Apply Now, or refer others to gain access to critical tools for business success, including:
- Training: 12 weeks of online training which guides creating and managing a business
- Mentoring: A world-class mentor to guide during the business transformation stages
- Funding: $5,000* in seed capital to prove the concept, plus access to further funding
- Network: Access to the largest network of African start-ups and TEF’s global contacts
The Programme is TEF’s 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs by 2024.
To make your application stand out from the crowd, read this articles on business planning process and how to write a successful business plan to arm yourself with the knowledge that will give you an edge. Also, you can review the FAQs, read the testimonials, to know more about the programme
Fill in the application here if you are interested.
You can contact me for your professional business plan
Don’t miss this opportunity!