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  The Tony Elumelu Foundation (TEF) has introduced the Women Entrepreneurship for Africa (WE4A) program, designed to provide women entrepreneurs across Africa with the support—including funding –they need to scale their businesses.
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The Women Entrepreneurship for Africa program will help women-led enterprises improve their capacity to access market opportunities. Through technical training, it will strengthen these businesses’ ability to raise funding for their operations. Through the program, 120 women-led businesses will get €10,000 in grant funding. Note that this program is targeted at businesses that are members of the Tony Elumelu Foundation (TEF) alumni network. The WE4A is supported by the European Union (EU), the Organization of African, Caribbean, and Pacific States (OACPS), and the German Federal Ministry for Economic Cooperation and Development (BMZ).

Benefits

Selected businesses will benefit from the WE4A in the following ways:
  • Get grant funding of €10,000.
  • Three months of technical support through a virtual acceleration program.
  • Up to 15 enterprises with high-growth potential could get €50,000 in additional grant funding.
  • Improve the capacity of women-led enterprises to raise funding.
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Eligibility

Applicants should meet these conditions to stand a chance of being selected:
  • Be a female member of the TEF alumni network.
  • Have a working product with customers.
The program is open to businesses in all sectors.

How The Program Will Unfold

The selection process will commence after applications close. Selection will take between six and eight weeks from the application deadline. Successful applicants will be informed of their acceptance into the program via email. Participants will go through a three-month acceleration program. Trainings will take place via zoom. Up to 15 of them will be selected from that group for a growth program, which will last another three months. There will be a Demo Day at which participating startups will pitch their business to partners, mentors, donors, and investors. If you would like to find out more about the Tony Elumelu Foundation Women Entrepreneurs for Africa (WE4A) program, click here. Featured Image Source: Ideaslane
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This article was first published on 13th September 2021

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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