The Tony Elumelu Foundation (TEF) has announced the opening of applications for the TEF Entrepreneurship Programme (TEF2024), in a bid to empower and support the next generation of African entrepreneurs.
Aspiring business leaders from all 54 African countries are invited to apply for the chance to receive a non-returnable seed capital of $5,000 to turn their entrepreneurial dreams into reality.
The TEF Entrepreneurship Programme, renowned for its commitment to fostering innovation and economic growth across the continent, is open to individuals with scalable business ideas or businesses that are in their early stages (0 – 5 years).
The application deadline for TEF2024 is set for March 1, 2024.
Over the years, the Tony Elumelu Foundation has made significant strides in its mission to empower African entrepreneurs. With a focus on training, mentoring, and funding, the foundation has successfully supported 15,847 startups from 54 African countries, carefully selected from a staggering pool of over 800,000 applications.
One of the key components of the TEF Entrepreneurship Programme is the provision of a non-returnable seed capital of $5,000, a financial boost that has proven instrumental in helping entrepreneurs kickstart their ventures. This seed capital, coupled with the foundation’s commitment to providing training and mentorship, aims to catalyze the growth of businesses and contribute to the overall economic development of the continent.
Noteworthy is the success story of the TEF Alumni, which now boasts over 1000 entrepreneurs making significant impacts across 57 countries. These alumni serve as a testament to the foundation’s dedication to nurturing and supporting businesses that have the potential to transform communities and contribute to the broader African economy.
For aspiring entrepreneurs looking to take their business ideas to the next level, the TEF Entrepreneurship Programme provides a unique opportunity to build capacity, connect with a network of over 1 million African entrepreneurs, and receive the necessary support to operationalize and scale their businesses.