The Tony Elumelu Foundation (TEF), which is Africa’s leading philanthropy supporting entrepreneurship on the continent has recently announced it begins accepting applications to the 4th cycle of its flagship entrepreneurship programme, from outstanding African entrepreneurs with start-ups or business ideas for high growth potential.
The application portal opens midnight (WAT) 1st January, 2018 and will close on midnight (WAT) of 1st March, 2018.
Mr Tony Elumelu – proponent of Africapitalism – whose vision propels this initiative, has committed a whopping $100 million yearly simply to identify, train, mentor and fund 10,000 African entrepreneurs in 10 years; creating 1,000,000 jobs and $10 billion in social and economic wealth.
According to the Tony Elumelu Foundation, the Programme after its third cycle, “Received 158,000 applications from African entrepreneurs in 107 countries, including every nation of Africa. Empowered nearly 3,000 businesses with 12-weeks of online training; world-class mentoring; access to TEF’s network of start-ups; and seed capital of $5,000*
The Foundation further declared that it invested a total of $14,235,000, including $4,270,500 in agriculture; $1,285,000 in ICT, $1,245,000 in education and training; and $7,400,000 more in start-ups across 19 other sectors.
For you entrepreneurs hoping to be part of the 2018 cohort, the Programme is open to citizens and legal residents of all African countries with businesses based in Africa, of less than three years old, including new startups. Find out the lucky entrepreneurs who made it to 2017 class int this previous publication.
“As an entrepreneur myself, I understand what it feels like to yearn for a lifeline, to hope for a ‘big break. In turn, I have set out to institutionalise luck with the Foundation and give back to the continent of Africa. I am pleased the Programme is already unleashing Africa’s entrepreneurs and driving economic transformation,” said TEF Founder, Tony O. Elumelu, CON.
About The Tony Elumelu Foundation
The Foundation’s long-term investment in empowering African entrepreneurs is emblematic of Tony Elumelu’s philosophy of Africapitalism, which positions Africa’s private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent.
The Foundation’s flagship initiative, the TEF Entrepreneurship Programme, is a 10-year, $100 million commitment to identify, train mentor and fund 10,000 entrepreneurs, capable of changing the face of business across Africa.
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A Male and A Female Entrepreneur to Win US$50K Each in the GoGettaz Agripreneur Prize. APPLY!!!
Applications are open for the GoGettaz Agripreneur Prize 2021 aimed at finding the brightest young agri-food entrepreneurs on the African continent. This is a search for agribusinesses that are bringing tech, innovation and passion to the agriculture and food space.
The Gogettaz Agripreneur Prize is organized by Generation Africa, a partnership between Econet and Yara International to strengthen the ecosystem for youth entrepreneurs in the agri-food sector across the continent.
The prize is looking for agribusinesses that show the following features;
- Environmental sustainability
- Social and commercial impact
- Originality and innovation
- Market potential and traction
- An investible team
Who Qualifies to apply?
- Be 35 years and below
- Hold nationality (with an official ID) from any African Union member country
- Be a founding member of the startup and play an active role in its operation
- Have no criminal record
The submitted company shall meet the following terms,
- The business should be legally registered in any AU member country and also headquartered on the continent
- It is built to be financially sustainable either as for-profit or non-profit generating revenue and not solely dependent on donor funding
- The venture currently plays a role in the agri-food sector and/or supports the development of the agri-food sector through an innovation or process improvement
- The agri-food sector may be defined as businesses including:
- Agri-food research & development
- Primary food production (farming)
- Crop nutrition
- Mechanisation, automation or robotics, including drones
- Crop protection
- Hydroponics or urban farming
- Transport, distribution, storage or logistics
- Food processing
- Packaging or marketing
- Food retail or service
- Waste management or recycling
- Digital or technology solutions/services to the agri-food sector
- Innovative finance solutions/services to the agri-food sector
- Renewable energy or environmental solutions/services to the agri-food sector
After a thorough review of applications by expert jury, semi-finalists will receive notification via Facebook and email by the 17th of July 2021 where they will each be interviewed and asked for further information.
By the 27th of July, the finalists will be announced with six (6) males and six (6) females to compete in the final virtual pitching contest at the Africa Green Revolution Forum (AGRF) virtual meeting 2021.
The Grand Prize
Two successful entrepreneurs; male and female, will each receive $50,000 for being the most innovative and scalable agric business idea. All GoGettaz finalists will also be awarded mentorship, programming linkages and other guidance to continue their entrepreneurial journey. APPLY HERE
Deadline for applications
The GoGettaz Agripreneur Prize welcomes applications till the 14th of June, 2021.
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