Apply For Tony Elumelu Foundation 2019 Now!.
The Tony Elumelu Foundation, the leading African-funded and founded philanthropy committed to empowering African entrepreneurs, is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme.
The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs. The Programme’s objective is to generate at least 1,000,000 new jobs and create at least $10 billion in new business revenue across Africa. Now in its 5th year, the TEF Entrepreneurship Programme has empowered 4,470 entrepreneurs, using a bespoke and robust selection, training and implementation process to create visible and sustainable impact across all 54 African countries.
Who is Tony Elumelu
Tony Onyemaechi Elumelu (born 22 March 1963) is a Nigerian economist, entrepreneur, and philanthropist. He is the chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation. Elumelu holds the Nigerian national honours, the Commander of the Order of the Niger (CON) and Member of the Order of the Federal Republic (MFR). He was recognised as one of “Africa’s 20 Most Powerful People in 2012” by Forbes magazine. you can learn more about him here
Who is this Programme For ?
The TEF Entrepreneurship Programme is open to citizens and legal residents of all African countries, who run for-profit businesses based in Africa that are no older than three years. The deadline for applications submission is March 1, 2019
1- Who can apply?
The programme is open to all citizens and legal residents of any one of the 54 African countries. The proposed business must be registered and operate in Africa.
2- Is there an age restriction for applicants?
Yes. Applicants must be 18 years old and must not be considered a minor in their country of residence. There is no upper-limit age restriction.
3- Is there a restriction on the types of business/industry?
Yes. The programme is not open to research institutions, faith based organisations, value adding trading companies, government contractors and businesses not located in Africa. Businesses must not adversely affect the environment, lives and property. Business ideas must be for profit, and must be the original work of those making the submission.
4- Is there a restriction on the age of my business?
Yes. All businesses must be business ideas or an early stage company, in the range of 0 to 3 years old.
5- What if I run multiple early-stage businesses?
Your application must focus on ONE business only. We advise choosing your best, most feasible/innovative business idea. Selected entrepreneurs are not permitted to apply for future cohorts of the programme, even with a different business idea or name.
6- Will my start-up be excluded if I have a relation/family member who works for the TEF?
Yes. Current employees or their family members from the Tony Elumelu Foundation and affiliate companies in the Heirs Holdings Group and UBA Group are not eligible to apply for the TEF Entrepreneurship Programme, either individually or as part of a team.
Criteria For Judging Applicants
Applications will be judged based on criteria including: feasibility, scalability and potential for growth of the product/service; market opportunity for the idea/business; financial understanding, leadership potential and entrepreneurial skills.
How To Apply
Applicants can apply on TEFConnect – www.tefconnect.com – the largest digital networking platform for African entrepreneurs.
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