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  Applications are now open for the Tony Elumelu Foundation Entrepreneurship Program (TEEP), an annual program that trains and funds hundreds of entrepreneurs from across Africa each year. If you are building a business and you would like to receive substantial funding for it while also accessing world-class training and resources to help you grow it, here’s an opportunity you shouldn’t miss.
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The TEEP grants entrepreneurs seed capital of $5,000, plus high-level training, and connects them to a network of forward-looking business leaders and experienced mentors. It’s the biggest program of its kind on the continent and has enabled thousands of entrepreneurs to establish and scale their businesses.

The Journey So Far

The Tony Elumelu Foundation Entrepreneurship Program was launched in 2015, with the vision of empowering 10,000 entrepreneurs over the following ten years. It has since partnered with the United Nations Development Program (UNDP), GIZ, the African Development Bank (AfDB), the International Committee of the Red Cross, and the United Bank for Africa (UBA) to fulfil its founders’ dream. Thus far, it has trained, mentored, and funded over 15,000 entrepreneurs from all 54 countries of Africa.
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Benefits

Persons who are selected to take part in the TEEP in 2023 will benefit from the program in the following ways:
  • Get seed funding of $5,000 (non-refundable)
  • Receive world-class business training for 12 weeks
  • Gain access to TEF’s continent-wide network of TEEP alumni
  • Get mentored by leading business people and experts via TEFConnect.net, Africa’s biggest digital platform for entrepreneurs
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Eligibility

Applicants should meet these criteria:
  • Must be at least 18 years old
  • Should have an idea or business with a presence in Africa
  • They must have a business idea or early-stage business that is five years old or less
If you would like to apply for the Tony Elumelu Foundation Entrepreneurship Program (2023), you can do So HERE. Featured Image Source: Your Opportunities Africa
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This article was first published on 7th January 2023

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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