The Tony Elumelu Foundation (TEF) has opened its application portal for applications from African entrepreneurs across all African countries, for the 2020 cohort of the Tony Elumelu Entrepreneurship Program.
Recall that in 2019, 3,050 African entrepreneurs benefited from the Program, a number which will meaningfully increase in 2020.
The TEF Entrepreneurship Program is open to startup entrepreneurs, with innovative business ideas or businesses that have been in existence for less than 3 years, in any sector, from across Africa.
The Program is the $100 million commitment by African investor and philanthropist, Tony O. Elumelu to empower 10,000 entrepreneurs in 10 years, with the goal of creating millions of jobs and new revenue on the continent.
In commemoration of its 10th year anniversary, the Foundation will announce further enhancements to the Program, providing additional benefits to Africa’s rapidly growing youth demographic.
The changes in the 2020 TEF Entrepreneurship Program emphasise a personalised entrepreneurship journey for every applicant and opening the platform to ensure a higher number of people trained, amplifying the Program’s impact and reach.
In just five years, the Program has empowered over 9,000 beneficiaries from all 54 African countries, with training, mentorship and seed funding.
Speaking at the launch of the 2020 TEF Entrepreneurship Program, Ifeyinwa Ugochukwu, CEO of the Tony Elumelu Foundation, said: “The transformation of Africa begins with empowering our young African entrepreneurs.
“With the recent enhancements made to our Program and our growing list of partners, the Tony Elumelu Foundation is significantly increasing its impact across the continent.
“We encourage all startup African entrepreneurs across the 54 African countries to apply for the Program, as we continue to empower the very best ideas that will create the much-needed employment and revenue on the continent”.
The multilingual Application Portal is open on TEFConnect.com, the digital networking platform for African entrepreneurs, from January 1 to March 1, 2020.