The Tony Elumelu Foundation, the African-funded and founded philanthropy committed to empowering African entrepreneurs, is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme, the company said.
The Programme is a 10-year, USD 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 USD 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.
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.
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.