Enterpreneurship | |
Enterpreneurship | |
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Thursday, January 03, 2019 02:16PM / By TEF
Highlights
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.
Outstanding African entrepreneurs running existing start-ups with high
growth potential and aspiring business owners with transformative ideas are
invited to apply. We are particularly looking to grow representation from
French, Arabic and Portuguese speakers, as well as female entrepreneurs.
Inspired by Tony Elumelu’s economic philosophy of Africapitalism and his
vision to institutionalise luck and democratise opportunity for a new
generation of African entrepreneurs, the Foundation has implemented one of the
most ambitious entrepreneurship programmes globally. Selected entrepreneurs from
previous years have transformed their businesses and their communities after
gaining from the Programme’s 7 pillars: $5,000 in seed capital; business
development training; one-on-one mentoring; access to TEFConnect; pan-African
meetups; TEF network membership; and participation at the annual TEF
Entrepreneurship Forum, the largest convening of the African entrepreneurship
ecosystem.
Founder, Tony O. Elumelu, CON, stated: “The private sector must be the
core driver of Africa's economic transformation, but this sector cannot attain
its full potential if entrepreneurs are left behind. We call on all stakeholders – policymakers, business
leaders and development agencies – to actively commit to creating a better
future for our young Africans who have demonstrated intellect, skill, and
passion, to empower them to succeed because their success is Africa's
success. The TEF Entrepreneurship Programme is by far the most
impactful project of my life and represents my commitment to transforming
Africa through entrepreneurship".
Parminder Vir, CEO, Tony Elumelu Foundation, said: “Our entrepreneurs
illustrate the Foundation’s commitment to transform the African economy, by
building on the intelligence, skills and resourcefulness of Africans. I
encourage all ambitious young Africans to take advantage of this unique
opportunity”.
The Foundation, which has recently hosted President Macron of France,
President Uhuru Kenyatta of Kenya and President Nana Akufo-Addo of Ghana in
dynamic interactive sessions with young African entrepreneurs, is committed to
supporting the entire entrepreneurship ecosystem – from the entrepreneurs
themselves, governments who must provide enabling environments, to capital,
advice and most importantly access and networks.
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.
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.
Applicants can apply on www.tefconnect.com - the
largest digital networking platform for African entrepreneurs.
Additional Information
Link to the Impact Documentary showing the transformative and impactful
stories of the Tony Elumelu Entrepreneurs: https://goo.gl/XcYqCP
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