Earlier in the year, Ideologies Hub announced that applications for Tony Elumelu Entrepreneurship Programme for 2017 was open. The Tony Elumelu Foundation is an Africa-based, African-funded philanthropic organisation. Founded in 2010, TEF is committed to driving African economic growth, by empowering African entrepreneurship. The Foundation aims to create lasting solutions that contribute positively to Africa’s social and economic transformation. Through impact investments, selective grant making, and policy development, it seeks to influence the operating environment so that entrepreneurship in Africa can flourish.
2017 Tony Elumelu Entrepreneurship Programme (TEEP)
The Tony Elumelu Foundation Entrepreneurship Programme represents a decade- long commitment to supporting African start-ups and entrepreneurs. We are committing $100 million to help launch an initial 10,000 entrepreneurs throughout Africa over the next 10 years, creating 1,000,000 new jobs contributing to $10 billion in revenue across Africa.
Launched in 2015, TEEP is the largest African philanthropic initiative devoted to entrepreneurship and represents a 10-year, $100 million commitment, to identify and empower 10,000 African entrepreneurs, create a million jobs and add $10 billion in revenues to Africa’s economy.
The Tony Elumelu Foundation (TEF) is proud to announce the selection of 1,000 African entrepreneurs, creating the 3rd cohort of the 10-year, $100 million TEF Entrepreneurship Programme.
Over 93,000 entrepreneurs, from 55 countries and territories in Africa, applied – more than twice 2016 applications and nearly four times 2015. Successful candidates represent diverse industries, led by agriculture, ICT and fashion. The highest numbers of applicants came from Nigeria and Kenya. All five regions – North, East, Southern, Central and West Africa are represented.