TEF launches $100 Million Entrepreneurship Programme


The Tony Elumelu Foundation (TEF) has launched the Tony Elumelu Foundation Entrepreneurship Programme (TEEP), which is a multi-year programme of training, funding, and mentoring, designed to empower the next generation of African entrepreneurs.

The mission of the entrepreneurship programme is to identify and grow 10,000 African entrepreneurs, create 1 million jobs and add $10 billion in annual revenue across Africa over the next decade. The programme is open to young compelling businesses with strong market feasibility, clear financial models and run by capable teams.

Interested entrepreneurs can apply for the programme through an online application portal where entrepreneurs must answer questions on their background, experience and business idea, plans for growth and proposed pan-African impact.  Deadline for submission of application is March 1, 2015.

Citizens and legal residents of all 54 African countries are eligible and encouraged to apply to the programme. Applications can be made by any for-profit business based in Africa in existence for less than three years, including new business ideas. The application portal is available in English, French and Portuguese and applications will be accepted in these three languages.

Additional details about the programme, including the application process, eligibility, requirements and selection process are available on the TEF website at: www.tonyelumelufoundation.org/TEEP.