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.
Over the years chosen applicants do receive a world-class business training, mentorship, non-refundable seed capital up to $5,000, and global networking opportunities.
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.
Anzisha Prize: Nominate A Young Entrepreneur for A Share of US$100K
The Anzisha Prize team calls for nomination to the 2021 Top 20 Anzisha Prize Fellows. This invitation to nominate the top entrepreneurial talents from all African countries is for persons between the ages of 15 and 22 who will receive financial and networking support they need to succeed.
This is a competition not awarded for great ideas or business plans but rather, one to recognize young entrepreneurs who are operating for-profit and non-profit ventures which do well to demonstrate ingenuity, scalability and have a social impact.
The Anzisha Prize team says, your nomination is a vital endorsement that recognises their great works. Annually, 20 leading youth entrepreneurs are selected to become Anzisha Prize Fellows.
The Anzisha Prize so far is the biggest award for young African entrepreneurs between 15 and 22, and over US$100,000 each year is given in prize money to these young entrepreneurs from across the continent.
What are the criteria for the Azisha prize?
- Your nominee should be between the ages of 15 and 22
- Do they run a business venture which is already delivering value to customers?
- Is your nominee involved in the strategy and operations of the venture?
- Is the business already having a social impact?
- Is the business earning a revenue, or reaching beneficiaries with the potential to realize more growth (both ‘for-profit businesses’ or ‘not-for-profit’ ventures qualify).
Alaa Moatamed of Egypt won the 2020 Anzisha grand prize and also the first Egyptian female to do so. Her business is Presto, which is an automated delivery system that is connecting vendors with their customers and suppliers.
After nominating, so what?
Your nominees for the Prize still need to submit an application because your nomination is an endorsement, a recommendation letter on behalf of the candidate.
Candidates then submit an application that gives full information about their business, enabling them to be evaluated for participation in the fellowship.
The nominee receives an email letting them know that they have been nominated, and also a reminder to apply for the prize once applications are open.
Itching to help find the next top 20 Anzisha prize winners? NOMINATE HERE.
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