Deadline: March 1, 2018
The Tony Elumelu Foundation (TEF), Africa’s largest business
incubator, is now accepting applications for the 4th cycle of
the TEF Entrepreneurship Programme. Outstanding African
entrepreneurs who have start-ups or business ideas with the
potential to grow are encouraged to apply. Through this
business development programme, they provide training,
mentoring, funding and network access to catalyze growth in
Africa’s most under valued resource- its entrepreneurs.
Launched in 2015, The Tony Elumelu Foundation
Entrepreneurship Programme is the largest African
philanthropic initiative devoted to entrepreneurship and
represents their 10-year, $100 million commitment, to
identify and empower 10,000 African entrepreneurs, create
a million jobs, and add $10 billion in revenues to Africa’s
economy. There are 1,000 places available annually for the
applications that are selected by the Selection Committee for
a placement in the programme.
The 7 pillars of the TEF Entrepreneurship Programme are a
unique, holistic system of effective and intensive support.
1. Startup Enterprise Toolkit: A 12-week programme to
equip startups with basic skills required to launch and
run their businesses at early growth stage. It covers
several topics including starting and scaling a business,
business development, marketing strategy, effective
management, product design etc.
2. Online mentoring: Their model provides a credible
technology-enabled platform for access to world-class
mentors from across Africa and internationally. The
mentors have faced similar challenges and are able to
steer our startups on a successful path.
3. Online Resource Library: A bespoke compendium of
materials, case studies, videos, tasks, templates and
interesting articles. This includes the 12-week series on
the TOE Way, shared concurrently. It expounds the core
business values of the Founder, with an aim to building
the right character in the entrepreneurs.
4. Meet-ups: Country and state-level meet ups to ignite the
entrepreneurial fire and promote close interaction within
the programme. These selections facilitate personal
exchanges, formation of strong ties with one another and
with local hubs and key government agencies.
5. TEF Entrepreneurship Forum: A dedicated world-class
annual Forum that brings together key persons in the
African and global entrepreneurial eco-system with an
aim to leverage our convening powers to promote
African entrepreneurs and entrepreneurship; and to
connect with local and regional decision makers.
6. Seed Capital: Each entrepreneur receives a non-
returnable seed capital of $10,000 paid in two tranches.
The aim is to support early growth, proof-of-concept and/
or enhance their business operation. This seed capital is
tied to clear milestones in a well-articulated and relevant
business plan.
7. TEF Alumni Network: The alumni network comprises all
Tony Elumelu Entrepreneurs, following the successful
completion of the 12-week training programme. The
online and offline network promotes sector-based and
geography-based communities, collaboration across
Africa as well as a healthy competition.
ELIGIBILITY:
The TEF Entrepreneurship Programme is a Pan-African
programme and open to business ideas from all the 54
African countries from which they will select the best
business ideas for the programme.
To be eligible:
• Business must be based in Africa;
• Business must be for profit;
• Business must be 0-3 years’ old;
• Applicants must be at least 18 and a legal resident or citizen
of an African country.
If your company is a partnership, only one nominated person from the business or the partnership is able to join the programme.
JUDGING CRITERIA
All applications will be judged on 5 core criteria, which are:
1. Feasibility of the business idea.
2. Market Opportunity: knowledge and understanding of
the market, customers and competitors for their idea/business.
3. Financial Understanding: understanding of the basic financial requirements of running a business, costs and revenues.
4. Scalability: Demonstrates potential for replication and growth of their product or service to create jobs and wealth.
5. Leadership Potential and
ENTREPRENEURIAL SKILLS:
Demonstrate leadership potential, capable of attracting
people, customers and resources.
APPLICATION
• All Applications must be submitted ONLINE through the APPLICATION PORTAL.
• You must complete an application form by answering a series of mandatory questions and uploading additional
documents and identification materials.
• After submission, you will receive a confirmation email of receipt within 1 working day.
For more information click HERE
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