Applications are now open for the Tony Elumelu Foundation Grant 2024.($5000 Grant for African Entrepreneur)

The Tony Elumelu Foundation is the leading philanthropy empowering a new generation of African entrepreneurs, driving poverty eradication, catalyzing job creation across all 54 African countries, and ensuring inclusive economic empowerment.Since the launch of the TEF Entrepreneurship Programme in 2015, the Foundation has trained over 1.5 million young Africans on its digital hub, TEFConnect, and disbursed nearly USD$100 million in direct funding to 18,000 African women and men, who have collectively created over 400,000 direct and indirect jobs.

Eligibility

• Interested applicants must have already existing innovative businesses in the gestation stage of 0 to 3 years or have a very viable business idea.
• The business or business idea must also be profitable.
• The applicant must be an African startup entrepreneur that has a business or business idea based in Africa.
• Applicants with businesses will be counted valid as long as they meet the criteria irrespective of the sector.
• Applicants with Businesses or those with viable business ideas must make sure the business can create employment.

Documents Required

• Valid Government-issued Identification- Applies to everyone
• Official Business Registration Certificate- Businesses already operational
• Official Evidence of Business Ownership- Businesses already operational
• Official Evidence of Directors- Businesses already Operational
• Official Consent by Partners to apply- This applies to businesses with partners

Selection Process

• Following the closure of applications, shortlisted candidates will be notified and would have to undergo business training.
• Selected candidates will also have to prepare and submit a viable business plan.
• Entrepreneurs with the best performance during the 12 weeks of training will undergo a pitching phase in the 54 African countries.
• After the pitching phase, the Top entrepreneurs will receive a non-refundable seed capital of $5,000 (five thousand dollars)
• The beneficiaries will then be announced at the TEF Forum and have their success pasted on the TEFconnect website.

Visit www.tefconnect.com_to apply