The Tony Elumelu Foundation (TEF), one of Africa’s largest business incubators, is now accepting applications from African entrepreneurs with business ideas that can transform the continent.
The application portal is open and accepting submissions until midnight WAT on March 1, 2017.
Successful applicants will join the third cycle of the TEF Entrepreneurship Programme, TEF’s 10-year, $100-million commitment to train, mentor and fund 10,000 African entrepreneurs in every African country.
Since inception in 2015, the programme has assisted nearly 2,000 entrepreneurs and created hundreds of jobs across the continent.
Advertisement
The programme is said to provide critical tools for entrepreneurial success, including:
• Training: 12 weeks of intensive training on setting up and managing businesses
• Mentoring: A mentor will guide successful applicants in creating a robust business plan
• Seed Capital: $5,000 in non-returnable seed capital and access to a $5,000 convertible loan
According to Tony Elumelu, TEF Founder, the programme is a deliberate effort to institutionalise luck and provide the essentials for business growth to Africa’s next generation of business leaders.
Advertisement
“It is a demonstration of my faith in this generation’s ability to transform the African narrative, from the single story of disease and poverty, to one of enterprise and opportunity,” he said.
“Spread the word; we need Africa’s best and brightest entrepreneurs. Their ideas will transform Africa.”
One thousand entrepreneurs will be selected based on the viability of their idea, and other factors, such as: market opportunity, financial understanding, scaleability, and leadership and entrepreneurial skills demonstrated in the application.
To be eligible, business must be based in Africa, must be for profit, must be 0-3 years’ old, and applicants must be at least 18 and a legal resident or citizen of an African country.
Advertisement
“We encourage women, French, Arabic and Portuguese speakers and business ideas from every region across Africa, to apply,” Parminder Vir, CEO of the foundation, said.
“Our 2,000 alumni are already growing their businesses and improving lives. If you have a transformational business or an idea, we have an opportunity for you.”
27 comments
I’m interested in the program.I’m into livestock farming.
i want to go into animal and crop farming.Am interested
i am a mother with 3 children,a stylist in hair dressing.I am interested
I’m interested in the program . I want to go into poultry farm and piggery. Thanks
I’m a 50 year old man an Educationist with 3 self help boarding school projects in Uganda. With a vision of raising a God fearing morally upright young people who will lead Africa to its desired destiny. Am I legible to compete for this fund.
I salute you sir Tony Elumelu for your effort in making life meaningful to Africans. We want other leaders in various sector of the economy emulate this kind gesture from sir Tony Elumelu.
God bless
Good day, l want to go into bread baking business,it is in oven fresh type in Abule Egba area in lagos. I will submit my feasibility studies to back my request, when the need arise. Thanks.
Am into fashion and designing, craft making like Ankara bags, foot wears etc, I need fund to establish an institute to train others and create employment
Am in to fashion and embroidery designer, craft making,selling of shoe, bag and belt and some designing clothe etc.Am in to fashion and embroidery designer, craft making,selling of shoe, bag and belt and some designing clothe etc.Am in to fashion and embroidery designer, craft making,selling of shoe, bag and belt and some designing clothe etc.Am in to fashion and embroidery designer, craft making,selling of shoe, bag and belt and some designing clothe etc. I need fund to esterblishe an institute to train and create employment for the youth and all entier africa
Am into poultry already, I just need a support. Am in interested how do I apply?
am interested,am into production of recharge cards and fish farming.and am also an electrician.i need ur surppot pls
I lahan taiwo mustapha,from lagos state in nigeria.if i’m part of those who benefit from the programme i will be verry happy.
Thanks
sir I am interested in the… I am into entrainment and fashion..
I am very much interested in this wonderful opportunity you have provided God bless,Amen. I’m a music artist and event management who has a seven years experience in advertising, branding,graphic designing and planning. Having a vision of establishing a standard entertainment and media firm in the south region,PH. This is a platform that is in great need to support the life’s of young talented and aspiring youths and teens with great abilities in the entertainment forum. It is an investment that can stand the test of time through many generations as a talent foundation.
I am fully interested in this program, I am interested in going into poultry business which I know will create employment for so many youth. I am fully experienced in this. I will be glad if I amconsideredd
I am into rearing of broiler and I am interested in the program. U can reach me on 08038531892
Good day, l am a travel agent that will like to expand the agency because its still new. Would need your help to groom it better
Whoa! What an opportunity. I want to go into farming. I am interested. May God bless the organizer of this program.
how to apply
hello, my name is precious Uche nnenna I am really interested in this program because of my love and passion for media and presenting I believe with that I can research on people’s lives and country getting information from all over the world and then addressing the issues surrounding the problem. I believe with that I can help and impact people’s lives and change them for the better.
I’m Emmanuel oruma from delta state base in Lagos.im into interior & exterior skills business furniture & painting designs I want to exterblsh a furniture making & a paintproduction company, I will be glade if I’m included in this program. Hoping to hear from u soon
I’m really interested I this empowerment. I’m into leather work and I like to take this work to a greater height.
I am interested. am into production of home based products like disinfectant, insecticides, soap, perfume etc. just need financial support to take it to next level.
I’m into fish farming and hatchery I’m also interested, I need financial support to help in the process. And also to enlarge my business in other to employ more staff so as to reduce unemployment in our society. Thanks
I am Adedeji,Femi an educationist in Nigeria, currently a teacher in a private school,I wish to have my school founded with equipped modern facilities that can aid learning and have a poultry farm alongside with it to prepare the future leaders as part of the goals of education in Nigeria.
I’ll be glad if my application is considered favourable
.
yours faithfully.
I want to be part of this.
I am a graduate of zoology who wants to go into fish breeding and extensive farming. I also currently runs a distribution and supply of agricultural produces as well as the packaging and repackaging of locally produced produces. I will be glad if I given a chance