The Tony Elumelu Foundation (TEF) has announced a call for entrepreneurs across Africa to submit application for its 2021 cohort of the Tony Elumelu Entrepreneurship Programme (TEEP).
Successful applicants are to receive 12 weeks of intensive online training, access to a world-class mentor, and USD$5,000 (approx. UGX18.5 million) in seed capital to prove the concept, plus access to further funding. In addition, they’ll also gain access to the TEF network of startups. To apply for the 2021 TEF Flagship Entrepreneurship Programme, interested entrepreneurs can submit application to the TEF Connect portal not later than March 31st, 2021.
This year’s intervention prioritizes the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities.
TEEP is a 10-year and USD$100 million commitment identifying, training, mentoring and funding 10,000 African entrepreneurs with the goal of creating 1 million jobs and the revenue required for the sustainable development Africa. So far the programme has empowered more than 9,000 African entrepreneurs, connecting them with high profile private and public sector individuals, investors and advocates to boost their business profiles and scale their opportunities.
The programme implements Tony Elumelu’s Africapitalism philosophy, which positions the private sector as the catalyst for African economic transformation, and an investment approach that values the creation of both social and economic wealth.