TEF 2021: Applications to the entrepreneurship programme closes March 31

The Tony Elumelu Foundation (TEF) on Monday, said applications to its Entrepreneurship programme will close on March 31.

Disclosing this during a virtual press briefing from its headquarters in Lagos, the Director of Partnerships & Communications at the Tony Elumelu Foundation, Somachi Chris-Asoluka said 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, she said the Foundation’s Entrepreneurship Programme will empower over 3,500 young African entrepreneurs in collaboration with global partners.

The Tony Elumelu Foundation, 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.

“Africa’s growing, and active youth population must take advantage of this opportunity and apply for the programme before the 31st of March, as their full participation will create a pathway to economic prosperity. This year, we can empower more African entrepreneurs than ever, further ensuring that they have adequate training, funding and mentorship to boost their performance. It is time for young African entrepreneurs to embrace this much-needed support system to enable thriving and sustainable economic activity. We believe we will continue to see an exponential change in sectors across the continent,” Somachi Chris-Asoluka added.

The Tony Elumelu Foundation’s $100 million Entrepreneurship Programme, launched in 2015 to empower 10,000 entrepreneurs over 10 years, is now entering its 7th year and has empowered, to date, over 9,000 young African entrepreneurs from 54 African countries.

Prospective applicants are encouraged to apply on the digital networking hub for African entrepreneurs, www.tefconnect.com.