Tony Elumelu Foundation 2020 (How to Apply for Tef Online Application Form)


Tony Elumelu Foundation 2020 (TEF) — Africa’s leading philanthropy dedicated to empowering African entrepreneurs will begin accepting applications for the 2020 cohort of the TEF Entrepreneurship Programme, on January 1, 2020.

Applications are made through TEFConnect, the digital networking hub for the African entrepreneurship ecosystem, created by the Foundation.

Read Also: Tony Elumelu Foundation (TEF) Successful Candidates 2019 Winners Announced

The TEF Entrepreneurship Programme is open to entrepreneurs from across Africa, either with new startup ideas or existing businesses of less than 3 years existence, operating in any sector.

Successful applicants will join the over 9,000 current beneficiaries, from 54 African countries, and receive business training, mentoring, a non-refundable $5,000 of seed capital and global networking opportunities.

Last year, the Foundation received about 216,000 applications, with 42% coming from women entrepreneurs, from every country on the continent.

Join Giftalforum and earn 50k weekly

The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 young African entrepreneurs.

Read Also: How to Withdraw Money From the ATM without Using a Card

The goal is to create millions of jobs and the revenue required for the sustainable development of the continent, implementing the philosophy of Africapitalism, which positions the private sector as the growth engine for Africa and emphasises the importance of creating social and economic wealth.

According to the Foundation’s 2018 Impact Report, 70% of the total number of businesses in its alumni network were still operational two years after benefitting from the Programme.

The report also identified an increase of 189% revenue generated and 197% increase in the number of additional jobs created by beneficiaries post-graduation from the Programme, as well as a 100% commitment to the Sustainable Development Goals.

Source: https://www.tonyelumelufoundation.org/press-releases/tony-elumelu-foundation-to-open-applications-for-the-2020-tef-entrepreneurship-programme-on-january-1-2020


Follow me

searchngr

Bernard Bassey is a graduate of Software Engineering from AfriHUB University, Abuja. He is an expert in field journalism, his interest in socio-politics activities is keen.
Follow me

Latest posts by searchngr (see all)

Leave a Reply

Your email address will not be published.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