TEF Entrepreneurship Programme: Application For FCFA 2.8 Million Seed Capital Opens

Application for the fifth cycle of the Tony Elumelu Foundation (TEF) Entrepreneurship Programme is ongoing. Officials of TEF opened the application portal on January 1, 2019 and will close it on March 1, 2019. Applications are to be made exclusively on TEFConnect.com - the largest digital networking platform for African entrepreneurs, officials said.

The TEF Entrepreneurship Programme is a 10-year, $100 million (circa FCFA 57.5 billion) 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 (about FCFA 5.7 trillion) in new business revenue across Africa. Now in its fifth 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.

TEF officials have called on outstanding African entrepreneurs running existing start-ups with high growth potential and aspiring business owners with transformative ideas to apply.

Going by a press release sent to our newsroom, selected entrepreneurs will have their business transformed as they will benefit from the Programme’s 7 pillars: $5,000 (FCFA circa 2.8 million) in seed capital; business development training; one-on-one mentoring; access to TEFConnect; pan-African meetups; TEF network memb...