Information

The Tony Elumelu Foundation is a non-profit organization that aims to support and empower entrepreneurship in Africa. It provides funding, training, and mentorship to young entrepreneurs across the continent. Entrepreneurs benefit from access to a vast network of mentors, experts, and investors, as well as comprehensive business management training. The Foundation's flagship program, the TEF Entrepreneurship Programme, offers a 12-week training course, a $5,000 non-refundable seed capital, and access to further funding opportunities.

How to Apply

To apply for the Tony Elumelu Foundation's TEF Entrepreneurship Programme, entrepreneurs need to fill out an online application form on the Foundation's website. The application process typically includes providing details about the business idea, the entrepreneur's background, and how the business will impact the local community. The application window opens once a year, and selected candidates go through a rigorous selection process before being accepted into the program.

Total number of startups invested: 22

Average Funding: The average funding provided is $5,000 as initial seed capital, with potential for additional funding based on business performance.

Industry: The Foundation is sector-agnostic and supports a wide range of industries including agriculture, technology, healthcare, education, and more.

Market: The Foundation operates across all 54 African countries.