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.
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.
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.
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.
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.
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.
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.