Apply for Tony Elumelu Entrepreneurship Programme – $100 million to create 10,000 African Entrepreneurs in 10 Years

The Tony Elumelu Foundation Entrepreneurship Programme – TEEP – to offer 10,000 aspiring African Entrepreneurs an opportunity to benefit from $100 million grant to create 1,000,000 jobs and contribute $10 billion in annual revenues to Africa’s economy over the next 10 years.

Application Period: Interested entrepreneurs will be able to submit their applications to join the programme as from 1st January 2017 until Midnight WAT on March 1, 2017.

Offered annually? YesFor a period of 10 years

Opportunity is open to: All citizens (18 and above) and legal residents of all African countries with businesses that operate in Africa.

About Entrepreneurship Programme: Nigerian billionaire investor and philanthropist Tony Elumelu has committed $100 million to create 10,000 entrepreneurs across Africa over the next 10 years. Elumelu made the commitment on Monday during a press conference in Lagos to announce the launch of The Tony Elumelu Foundation Entrepreneurship Programme (TEEP).

TEEP, a Pan-African entrepreneurship initiative of the Tony Elumelu Foundation, is a multi-year programme of training, funding, and mentoring, designed to empower the next generation of African entrepreneurs.

The Tony Elumelu Foundation Entrepreneurship Programme

Starting From: 2015

Programme Type: Funding for African Entrepreneurs

Number of Entrepreneurs: There are 1,000 positions available annually for 10 years

Value of Programme: The 10,000 start-ups selected from a pool of applicants across Africa will participate in a comprehensive programme which will include;

  • A customized 12-week business skills training course
  • Start-Up Enterprise Toolkit
  • Mentoring
  • Resource Library
  • 2-Day Boot Camp
  • Seed Capital Funding
  • Elumelu Forum
  • Alumni Network

Duration of Programme: The programme will identify and help grow 10,000 start-ups and young businesses from across Africa over the next 10 years. These businesses will in turn create 1,000,000 new jobs and contribute $10 billion in annual revenues to Africa’s economy.

 

How to Apply: All applications must be submitted online through the TEEP Portal. Answer a series of mandatory questions and upload additional documents and identification materials. You will receive a confirmation email within 1 working day of submission.

More details about the program, including eligibility and the application and selection processes are available on the Tony Elumelu Foundation website at: www.tonyelumelufoundation.org/TEEP.

Sponsors: Tony Elumelu Foundation

Additional note:

  • In 2015, TEEP empowered 1,000 African entrepreneurs, selected from over 20,000 applicants, with start-up investment, active mentoring, business training, an entrepreneurship boot camp and regional networking across Africa.
  • Entrepreneurs, with an average age range of 21-40, from 51 African countries completed the programme and received $5,000 in seed capital for their start-up businesses.
  • The Tony Elumelu Foundation invested a total of $4,860,000, including $1,405,000 in agriculture; $410,000 in education and training; and $365,000 in manufacturing.  The sector-agnostic programme funded start-ups across a further 20 industries, all based in Africa.

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