The 2021 TEF entrepreneurship programme will be hosted on the TEFConnect digital platform. Interventions this year are targeted at small and medium-sized enterprises as well as young African entrepreneurs. This is after Covid-19 disrupted economic activities across the world.
TEF is targeting over 2400 SMEs with a special focus on female entrepreneurs in 2021. The foundation hopes to address leading challenges facing the continent and lift millions out of poverty while creating sustainable employment globally.
Over 1,000 from the 2020 cohort will be empowered through the Foundation’s Entrepreneurship Programme. In 2020, TEF celebrated a decade of impactful work. The foundation is in the 7th year of it’s $100million Entrepreneurship Programme, launched in 2015 with the aim of impacting 10,000 entrepreneurs over a decade.
The Tony Elumelu Foundation (TEF) boasts 9038 beneficiaries from across 54 African countries to date. Successful startups that pass through the program receive business training, mentorship, non-refundable $5000 in seed capital, and a chance to network globally.
The Tony Elumelu Foundation is Africa’s leading philanthropy foundation empowering African entrepreneurs with the most innovative business ideas across the continent.
The European Union and the Tony Emolelu Foundation (TEF) partnered to champion female entrepreneurship. This will target 2500 women entrepreneurs across Africa supporting their empowerment through increased finance and venture capital investment worth €20 million.
Applications are accepted from 1 Jan to March 31.
I encourage YOU to start 2021 right and apply now on https://t.co/QtxmMqa6v2.
Always remember that the future of our continent is in your capable hands.
— Tony O. Elumelu, CON (@TonyOElumelu) January 1, 2021