Tony Elumelu Foundation (TEF) Entrepreneurship Programme 2025 for Young African Entrepreneurs

Application deadline: February 28, 2025

Applications are now open for the 2025 Tony Elumelu Foundation Entrepreneurship Programme. Since celebrating ten years of impact in 2020, the foundation continues to empower a new generation of African entrepreneurs through this unique program. Successful applicants will benefit from world-class business management training, mentorship, a non-repayable seed capital grant of up to $5,000, and global networking opportunities. The program is open to entrepreneurs across Africa, whether in start-up or early-stage businesses, across all sectors.

Eligibility Criteria

• The program targets exceptional African entrepreneurs with ideas or businesses demonstrating strong growth potential.
•  Eligible Countries: All African countries.

Benefits or Advantages

1.Training:

• Practical, iterative learning designed to help entrepreneurs overcome the unique challenges of the African continent.

2. Mentorship:

• Personalized guidance to strengthen entrepreneurial skills.

3. Seed Capital:

• Up to $5,000 to fund promising ideas or businesses.

4. Global Network:

• Access to an international community of professionals and experts. 

Steps to follow for the Program

Application Process:

• Applicants must complete a form and meet a minimum score to be selected.
• Selected applicants will participate in the TEF business management training program.
• Unselected applicants will access general training on TEFConnect and may apply for other TEF programs.

Verification and Onboarding:

• Applicants must submit required documents to verify their identity and project.
• Those who fail to meet verification requirements will be removed from the program.
• All participants must personally complete all training, tasks, and activities.

Business Management Training:

• Once onboarded, applicants will undergo the business management training program (available in English, French, Portuguese, and Arabic).
• At the end of training, participants will be assessed, with the best advancing to the business plan preparation stage.

Business Plan Preparation and Submission:

• Participants will receive a template to develop their business plan, evaluated for feasibility and sustainability.
• Top participants will move on to the pitch competition.

Pitch Competition:

• Shortlisted participants will present their projects before a jury or submit pitch videos.
• The best candidates will receive seed capital, while others will be classified as TEF trainees

Seed Capital:

• Selected entrepreneurs will receive seed capital via electronic transfer to their business bank accounts.
• The total amount may be less than $5,000 due to banking fees and other deductions.
• Funds will be disbursed within 60 days of receiving complete and accurate documentation.
• Transform Ideas into Thriving Businesses

Join this program to turn your ideas into successful ventures and contribute to Africa’s economic growth!

Visit the official program website for more details.