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Tony Elumelu Foundation Entrepreneurship Programme 2019

Country: Nigeria
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Details

Launched in 2015, the Tony Elumelu Foundation Entrepreneurship Programme is the largest African Philanthropic Initiative Committed to empowering African entrepreneurs and entrepreneurship on the continent. Moreover, the Foundation’s flagship initiative, the TEF Entrepreneurship Programme, is a 10-year, $100 million commitment to identify, train mentor and fund 10,000 entrepreneurs, capable of changing the face of business across Africa. Furthermore, the 7 pillars of the TEF Entrepreneurship Programme are a unique, holistic system of effective as well as intensive support.

7 Pillars of TEF Enrepreneurship Programme

  1. Startup Enterprise Toolkit: A 12-week programme to equip startups with basic skills required to launch and run their businesses at early growth stage. It covers several topics including starting and scaling a business, business development, marketing strategy, effective management, product design etc.
  2. Online Mentoring: Their model provides a credible technology-enabled platform for access to world-class mentors from across Africa and internationally. The mentors have faced similar challenges and are able to steer startups on a successful path.

  3. Online Resource Library: A bespoke compendium of materials, case studies, videos, tasks, templates and interesting articles. This includes the 12-week series on the TOE Way, shared concurrently. It expounds the core business values of the Founder, with an aim to building the right character in the entrepreneurs.

  4. Meet-Ups: Country and state-level meet ups to ignite the entrepreneurial fire and promote close interaction within the programme. These selections facilitate personal exchanges, formation of strong ties with one another and with local hubs and key government agencies.

  5. TEF Entrepreneurship Forum: A dedicated world-class annual Forum that brings together key persons in the African and global entrepreneurial eco-system with an aim to leverage convening powers to promote African entrepreneurs and entrepreneurship; and to connect with local and regional decision makers.

  6. Seed Capital: Each entrepreneur receives a non-returnable seed capital of $5,000. The seed capital is calculated on the official Central Bank of Nigeria naira equivalent value at the date of selection for the programme. The aim is to support early growth, proof-of-concept and/or enhance their business operation. This seed capital is tied to clear milestones in a well-articulated and relevant business plan.

  7. TEF Alumni Network: The alumni network comprises all Tony Elumelu Entrepreneurs, following the successful completion of the 12-week training programme. The online and offline network promotes sector-based and geography-based communities, collaboration across Africa as well as a healthy competition.

Eligiblity

  • 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.
  •  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.
  • The programme is not open to research institutions, faith based organisations, value adding trading companies, government contractors and businesses not located in Africa.
  • All businesses must be business ideas or an early stage company, in the range of 0 to 3 years old.

 

Specifications

Type of Opportunity Entrepreneurship Events
Deadline 01 March,2019
Country Nigeria
Open to Citizens and legal residents of any one of the 54 African countries
Organizer The Tony Elumelu Foundation
Contact the organizer [email protected]

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