TEF 2022: TEF opens applications to $5000 grant
The Tony Elumelu Foundation (TEF), has opened applications for the 2022 TEF entrepreneurship programme for young African entrepreneurs across all 54 African countries.
In a statement, the foundation said the programme which is for African start-ups with business ideas or existing businesses under 5 years will provide the qualified entrepreneurs with a seed capital of 5000 dollars with mentorship, business management training and more.
The foundation further noted that since 2015, the TEF Entrepreneurship Programme has empowered 15,847 African entrepreneurs with a non-returnable seed capital of 5,000 dollars each, twelve weeks of business management training, access to experienced mentors and membership to Africa’s largest entrepreneurial ecosystem.
Also speaking, Founding Trustee of the TEF, Dr. A V. Elumelu stated: “Through the Tony Elumelu Foundation Entrepreneurship Programme, we seek to democratise luck. Hard work plays an important and undeniable part in success, but one must not discount the role of luck – someone being willing to take a chance on you or a business idea by empowering you through training, mentorship or funding. Our hope is that, through the Tony Elumelu Foundation Entrepreneurship Programme, we would help the next business leader or captain of industry be who they are meant to be. This is our own way to give back and also to empower the generation coming behind us so that they can go even further than we have.
As a parent, one’s desire is for your children to do better than you and so you will provide the resources and materials that they need to ensure that they go far in life. Similarly, at the Foundation we are equipping the next generation with the tools they need to succeed.”
