Application for Tony Elumelu Foundation Entrepreneurship Programme (TEF 2021) is now open. Tony Elumelu as one of Africa’s top philanthropists is dedicated to empowering African entrepreneurs through its Tony Elumelu Foundation (TEF).
This year’s intervention tagged TEF 2021 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. TEF will also open applications to an additional 2,400 young entrepreneurs in 2021, in collaboration with global partners.
CEO of the Tony Elumelu Foundation, Ifeyinwa Ugochukwu stated, “The Tony Elumelu Foundation now more than ever is demonstrating our commitment to unleashing the potential of young African entrepreneurs, the key to Africa’s long-term economic transformation. The pandemic has created challenges across the continent, but we know that with the Tony Elumelu Foundation’s tried and tested Programme, we can execute the largest Covid-19 economic recovery plan for African SMEs and break the cycle of poverty in Africa.”
The Tony Elumelu Foundation’s $100million Entrepreneurship Programme, launched in 2015 to empower 10,000 entrepreneurs over 10 years, is now entering its 7th year and has empowered to date, over 9,000 young African entrepreneurs from 54 African countries.
The programme is open to all entrepreneurs within Africa.
Successful applicants will be eligible for several of the following:
- World-class business training
- Non-refundable seed capital up to $5,000
- Global networking opportunities
March 31, 2021: Application portal closes.
How to Apply
Visit TEF portal to start your application, click ‘Apply now’. Your application is complete only when you receive a confirmation email.