Tony Elumelu Foundation Launches Entrepreneurship Program 2021 Portal
The Tony Elumelu Foundation (TEF) opened applications on Friday on its TEFConnect digital platform (www.tefconnect.com).
This year’s intervention prioritizes the economic recovery of small and medium-sized enterprises (SMEs) and young African entrepreneurs following the disruption of economic activity due to Covid-19.
To tackle the unique challenges of the pandemic, lift millions out of poverty and create sustainable jobs across the continent, the Entrepreneurship Fund program will empower 1,000 young African entrepreneurs selected from the 2020 cohort. The foundation will also open applications to other 2,400 young entrepreneurs in 2021 in collaboration with global partners.
Successful TEF candidates receive world-class business training, mentorship, up to $ 5,000 non-refundable start-up capital, and global connectivity opportunities. The program is open to entrepreneurs from all over Africa, both start-ups and established start-ups in any sector.
Tony Elumelu Foundation CEO Ifeinwa Ugochukwu said: “The Tony Elumelu Foundation now more than ever demonstrates our commitment to unleashing the potential of young African entrepreneurs, which is the key to long-term economic transformation in Africa.
“The pandemic has created problems across the continent, but we know that with the proven Tony Elumelu Foundation program, we can deliver the largest COVID-19 economic recovery plan for African SMEs and break the vicious circle of poverty in Africa.”
Launched in 2015 to empower 10,000 entrepreneurs over 10 years, the program is now in its seventh year and has now attracted more than 9,000 young African entrepreneurs from 54 African countries.
Source: – Tony Elumelu