Tony Elumelu Foundation 2021 (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, opens 2021 applications on its TEFConnect digital platform (www.tefconnect.com) on January 1, 2021.
This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities.
To address the unique challenges arising from the pandemic, lift millions out of poverty and create sustainable employment across the continent, the Foundation’s Entrepreneurship Programme will empower 1,000 young African entrepreneurs, selected from the 2020 cohort. The Foundation will also open applications to an additional 2,400 young entrepreneurs in 2021, in collaboration with global partners.
Tony Elumelu Foundation 2021, which celebrated ten years of impact in 2020, is empowering a new generation of African entrepreneurs, through the TEF Entrepreneurship Programme.
Successful applicants receive world-class business training, mentorship, non-refundable seed capital up to $5,000, and global networking opportunities. The Programme is open to entrepreneurs across Africa, both new start-ups and existing young businesses, operating in any sector.
The Tony Elumelu Foundation 2021 Offers:
$5,000 non-refundable seed capital
Global Networking Opportunities
You may also apply for The McGraw Fellowship for Business Journalism Application ( Up To $15,000 Grant )
Tony Elumelu Foundation 2021 Eligibility/Criteria
Startup African entrepreneurs based in Africa
Business at the idea stage are welcome, as well as innovative businesses that have been in existence for less than 3 years
Business can be in any sector
Business must have potential to create jobs and revenue on the continent
January 1, 2021: Application portal opens
March 31, 2021: Application portal closes; initial longlist is announced to proceed for business training
April – May: Training & mentorship
June: Pan-African pitching competitions
July: Announcement of finalists at the TEF Forum
August – September: Background Check
August – December: Seed Funding Disbursement
Following applications, African entrepreneurs will undergo business training.
Shortlisted candidates will prepare and submit an updated business plan
Top-performing entrepreneurs will be shortlisted to go through a pitching phase in all 54 African countries, in English, French, Portuguese, or Arabic.
Top performers will be selected to receive the $5,000 seed capital.
Finalists to receive $5,000 seed capital will be announced at the TEF Forum
How to Apply
Log on to the multilingual application portal on www.tefconnect.com to sign up today.