The Tony Elumelu Foundation (TEF), has open applications for its 2021 Tony Elumelu Entrepreneurship Program. Tony Elumelu Foundation is Africa’s leading philanthropy house dedicated to empowering African entrepreneurs. Interested applicants should register and apply on their TEFConnect digital platform.
The 2021 Tony Elumelu Entrepreneurship Program is an intervention prioritising the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities on the African continent.
In a press statement, the Tony Elumelu Entrepreneurship Program seeks to address the unique challenges arising from the pandemic, lift millions out of poverty as well as creating sustainable employment across the continent by empowering 1,000 young African entrepreneurs, selected from the 2020 cohort.
The Foundation says it is further going to open applications to an additional 2,400 young entrepreneurs in 2021, 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.
Who Qualifies for Tony Elumelu Entrepreneurship Program?
Your business idea or startup must be under three years of existence in any sector and in any country across Africa.
And for the avoidance of doubt, you could be selected to join the 9,038 beneficiaries who benefitted from
- Business Training
- $5,000 non-refundable seed capital
- Global Networking Opportunities
The enterprising CEO of the Tony Elumelu Foundation, Ifeyinwa Ugochukwu in the press release said,
“The Tony Elumelu Foundation now more than ever is demonstrating our commitment to unleashing the potential of young African entrepreneurs, the key to Africa’s long-term economic transformation. The pandemic has created challenges across the continent, but we know that with the Tony Elumelu Foundation’s tried and tested Programme, we can execute the largest Covid-19 economic recovery plan for African SMEs and break the cycle of poverty in Africa.”
The Tony Elumelu Entrepreneurship Programme is a US$ 100million initiative launched in 2015 to empower 10,000 entrepreneurs over 10 years. It is now in its 7th year and so far has invested into over 9,000 young African entrepreneurs from 54 African countries.
Prospective applicants should apply on the digital networking hub for African entrepreneurs, www.tefconnect.com. Deadline is the 31st of March, 2021.
Apply to the Africa Young Innovators for Health Award & Win US$40,000
Africa Young Innovators for Health Award have launched their maiden challenge designed to highlight and support the work of trailblazing young entrepreneurs developing health innovations on the continent. The deadline for submitting applications is the 31st of March, 2021.
Organizers of the Africa Young Innovators for Health Award want to, with this initiative, encourage business entrepreneurship and help advance promising health care solutions that support and empower healthcare workers – those on the frontline of delivering healthcare to communities.
They therefore look out for innovative healthcare solutions directed at supporting, protecting, and empowering healthcare workers through solutions such as training programmes, providing protective equipment or improving the quality of healthcare.
Who qualifies to apply?
- Interested persons wanting to apply must be between the ages of 18 and 35 at the time of submitting applications for the Award and must also be a citizen or resident of an African country.
- Successful applicants will have to demonstrate how their inventive healthcare solution is scalable, measurable and makes a lasting impact on healthcare workers.
How applications are evaluated
Applicants need to show their innovation is scalable, measurable, have a sustainable and positive impact on healthcare workers and that their innovation is commercially viable and at least at the proof of concept stage.
Submissions will be evaluated based on the following:
- Innovation: The solution must have an innovative character, meaning it must break new ground and meet a challenge in its city, region or country.
- Scalability: The applicant must show the innovation can be scaled up and used in a wider region of the country, neighboring countries or across the continent.
- Impact: Your solution must show a measurable and sustainable impact on health. Importantly, the health solution needs to show not only that it supports, equips, protects and trains healthcare workers but that this is measurable and can be maintained and is therefore sustainable.
- Commercial viability: The innovative solution must be commercially viable, so they have to see that it is a business proposition, that it can compete effectively with its competitors and make a profit.
Benefits of the African Young Innovators for Health Award
Grand prize – $40,000
Second prize – $20,000
Third prize – $15,000
Participants will enter a 3-month Business Mentorship program from successful entrepreneurs.
If relevant, successful applicants will get technical support with Intellectual Property protection.
You will gain exposure and recognition from global healthcare leaders and the public.
The Africa Young Innovators for Health award is ably supported by IFPMA, a research-based pharmaceutical companies and associations across the globe and SpeakUp Africa, a policy and advocacy action tank dedicated to catalysing leadership, enabling policy change, and increasing awareness for sustainable development in Africa. APPLY HERE
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