Online Training for African Entrepreneurs from Tony Elumelu Foundation

Date limite : 01 mars 2020

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Online Training for African Entrepreneurs from Tony Elumelu Foundation

Tony Elumelu Foundation is giving the chance for African entrepreneurs to participate in its program to get professional training and get a fund for their entrepreneurial ideas.  After helping you build a firm foundation for your business through mentorship, as well as the learning and networking tools provided by the Foundation you then will be given the funding to use the tools you have learned to put it to better use and maximize the benefits for your business.

About TEF Program:

  • The TEF Entrepreneurship Programme, is a 10-year, $100 million commitment to identify, train mentor and fund 10,000 entrepreneurs, capable of changing the face of business across Africa. 
  • The program has provided training, mentoring and funding to 7,531 African start-ups from 54 African countries, selected from over 300,000 applications and has staged the largest gathering of African entrepreneurs in Lagos, Nigeria.
  • TEF is the founding member of SPARK, launched by President Obama in May 2015 at the White House to promote global entrepreneurship.
  • The Program consists of 7 pillars:
    • Mentoring.
    • Start-up Enterprise Toolkit.
    • Online Resources.
    • Meetups.
    • Elumelu Entrepreneurship Forum.
    • Seed Capital Funding.
    • TEF Entrepreneurship Programme Alumni Network.
  • The pillars have been designed to address the essential needs to ensure success for an African entrepreneur.

Eligibility:

  • The program is open to all citizens and legal residents of any one of the 54 African countries. The proposed business must be registered and operate in Africa.
  • Applicants must be 18 years old and must not be considered a minor in their country of residence.  There is no upper-limit age restriction.
  • The program is not open to research institutions, faith-based organizations, value-adding trading companies, government contractors and businesses not located in Africa. 
  • Businesses must not adversely affect the environment, lives, and property.
  • Business ideas must be for-profit and must be the original work of those making the submission.
  • All businesses must be business ideas or an early-stage company, in the range of 0 to 3 years old.
  • Your application must focus on one business only
  • Current employees or their family members from the Tony Elumelu Foundation and affiliate companies in the Heirs Holdings Group and UBA Group are not eligible to apply for the TEF Entrepreneurship Programme, either individually or as part of a team.

Benefits:

  • Upon completion of the 12-week Start-up Enterprise Toolkit (learning) program, certification of a submitted business plan, provision of required documentation, business bank account, among other requirements, entrepreneurs will qualify for the first stage non-refundable seed capital of $5,000.
  • There are two stages of funding available to entrepreneurs:
    • First stage seed capital funding of $5,000 (based on the official Central Bank of Nigeria exchange rate) – a non-returnable investment. 
    • Second stage capital returnable investment – entrepreneurs will apply and be considered for this based on the viability of their business.
  • The funds will be wired directly into the entrepreneur’s business bank account – personal accounts are not permissible.

About Tony Elumelu Foundation:

The Tony Elumelu Foundation (TEF) is African private-sector-led philanthropy focused on empowering African entrepreneurs. It has a long-term investment in empowering African entrepreneurs is emblematic of Tony Elumelu’s philosophy of Africapitalism, which positions Africa’s private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent. The Tony Elumelu Foundation Entrepreneurship Programme is the $100million commitment by the Elumelu family to empower 10,000 African entrepreneurs over a 10-year period. The goal is to create at least 1million jobs and contribute over $10billion in revenue to the African economy.

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