Tuesday, January 25, 2022

Tony Elumelu Foundation Entrepreneurship Program, 2022

Pour lire le contenu en Français, veuillez cliquer sur le drapeau → 
  • Français
TYPE: Entrepreneurship
OPEN TO: Africans and Africa residents
STATUS: 65 Days left

The application call for the Tony Elumelu Foundation Entrepreneurship Program is now open. The Foundation which is committed to empowering African entrepreneurs, is now accepting applications for the 6th Cycle of the $100m Entrepreneurship Program.

The Program is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs. The Program’s objective is to generate at least 1,000,000 new jobs and create at least $10 billion in new business revenue across Africa.

Program Details

  • Area: Entrepreneurship.
  • Number of awards: 10,000 entrepreneurs over a period of 10 years will be selected.
  • Duration: 12 weeks.
  • Target group: The program is open to citizens and legal residents of the 54 African countries.

Tony Elumelu Foundation Entrepreneurship Program Benefits

The Tony Elumelu Entrepreneurship Program worth $100 million for 10,000 African entrepreneurs.

  • Training: 12 weeks of intensive training on setting-up and managing businesses.
  • Mentoring: A mentor will guide successful applicants in creating a robust business plan.
  • Funding: The program provides two stage of funding to entrepreneurs
    • First stage: a non-refundable capital of $ 5,000.
    • Second stage: a returnable investment provided to entrepreneurs basing on business viability upon application.

Tony Elumelu Foundation Entrepreneurship Program Eligibility

To apply, the entrepreneur must have a business or entrepreneurship project

  1. based in Africa
  2. for profit
  3. which creation time is between 0 and 3 years
  4. be at least 19 years old and be an African citizen or legal resident of an African country

Selection Criteria

Selection will be done basing on considerations below:

  1. Feasibility of the business idea.
  2. Market Opportunity: knowledge and understanding of the market, customers and competitors for their idea/business.
  3. Scalability: Demonstrates potential for replication and growth of their product or service to create jobs and wealth.
  4. Financial Understanding: understanding of the basic financial requirements of running a business, costs and revenues.
  5. Leadership Potential and Entrepreneurial Skills: Demonstrate leadership potential, capable of attracting people, customers and resources.

Other opportunities

  1. Top 25 Scholarships to Study in Asia;
  2. Fully Funded Scholarships for International Students list;
  3. 50 Governments Scholarships for International Students;
  4. Top 45+ Scholarships to Study in Canada for International Students.

How to Apply for the Tony Elumelu Foundation Entrepreneurship Program

To apply for this entrepreneurship Program in Africa, please click on the apply button below and fill out the form.

The deadline to submit your application for this program is . For more detail on the Tony Elumelu Foundation Entrepreneurship Program, please visit the official page. To be the first to see latest opportunities, please follow us on Facebook, Twitter, Pinterest and Instagram.

Please share this opportunity with friends and relatives on :

Reply or Comment

Your email address will not be published. Required fields are marked *

Please read the content and available comments before asking a question. The answer to your question might be on the page.


Never Miss An Opportunity Again !

Please enter your email to receive notifications of latest opportunities.