The Tony Elumelu Foundation (TEF) has announced the opening of applications for its 2025 Entrepreneurship Programme. The foundation, established in 2010 by Nigerian philanthropist and entrepreneur Tony Elumelu, aims to empower African entrepreneurs across the continent. This flagship programme has gained recognition for its focus on fostering economic growth and reducing unemployment through entrepreneurship. Eligible applicants are invited to submit their entries via the TEF Connect platform.
The programme offers seed capital, mentorship, and business training to selected entrepreneurs. Successful applicants will receive a non-refundable seed capital of $5,000, access to world-class business training, and mentorship opportunities with industry leaders. TEF also connects participants to a network of investors and provides resources to help them scale their businesses. The initiative primarily targets African startups and small businesses across diverse sectors, emphasizing innovation and sustainability.
Since its inception, the TEF Entrepreneurship Programme has empowered over 18,000 African entrepreneurs from all 54 countries on the continent. These entrepreneurs have gone on to create jobs, generate wealth, and contribute to their local economies. The foundation’s impact has been particularly significant in sectors like agriculture, technology, and health, which are critical to Africa’s development. The programme’s success stories have inspired other organizations to adopt similar models of support for African startups.
Applications for the 2025 programme will remain open until March 31, 2025, and are free of charge. Interested entrepreneurs must present innovative business ideas or existing businesses that are less than five years old. The selection process is rigorous, focusing on feasibility, scalability, and social impact. Aspiring entrepreneurs are encouraged to visit the TEF Connect platform for detailed guidelines and application tips.
The Tony Elumelu Foundation remains committed to driving entrepreneurship as a pathway to economic transformation in Africa. By equipping entrepreneurs with resources and networks, the foundation is fostering a generation of business leaders who will shape the future of the continent. With the 2025 programme, TEF continues its mission to transform Africa through entrepreneurship, making the dream of economic independence a reality for many.
