100 million US dollars from TEF to fund 100,000 African entrepreneurs over 10 years

Deadline:

August 05, 2019.

Location:

Nigeria, Niger, Chad, Cameroon, Mauritania, Mali and Burkina Faso

(Accelerators for startups)

Description

TEF – UNDP Youth Entrepreneurship Programme

The United Nations Development Programme (UNDP) and the Tony Elumelu Foundation (TEF) have launched the TEF – UNDP Youth Entrepreneurship Programme to empower an additional 100,000 young African entrepreneurs over the next 10 years with seed capital, business management training and mentoring.

More Details

This Programme is borne out of the Foundation’s tried and tested approach to philanthropy which prioritises African entrepreneurs as the key enablers of economic development.

The first phase of this partnership titled the “TEF-UNDP Sahel Youth Entrepreneurship Programme” will be implemented this year (2019) and will empower 2,000 entrepreneurs from the following countries in the Sahel and Lake Chad region: Burkina Faso, Cameroun, Chad, Mali, Mauritania, Niger, and Nigeria.

What is the TEF-UNDP Youth Entrepreneurship Programme?

The TEF-UNDP Youth Entrepreneurship Programme is a partnership between the United Nations Development Programme (UNDP) and the Tony Elumelu Foundation (TEF) to empower 100,000 additional entrepreneurs over 10 years from across the African continent.

Is this different from the ongoing Tony Elumelu Foundation Entrepreneurship Programme launched in 2015?

Yes, it is different. The Tony Elumelu Foundation (TEF) Entrepreneurship Programme is theFoundation’s US$100m flagship initiative launched in 2015 to mentor, train and fund 10,000 African entrepreneurs over 10 years. This Programme is currently in its fifth year and has empowered over 7,500 entrepreneurs across all 54 African countries till date.

Opportunity Focus Areas:

Economics
Business
Entrepreneurship

Required Languages

English.

Eligible Countries

MAURITANIA, OTHER COUNTRIES ARE NOT FROM THE MIDDLE EAST AND NORTH AFRICA.

Program Period

12-week

Eligibility Requirements (Criteria)

You must be an African entrepreneur residing in any of these listed countries in the Sahel and Lake Chad region: Nigeria, Niger, Chad, Cameroun, Mauritania, Mali and Burkina Faso.
Your business must not be more than 3years in existence. Businesses at the idea/concept stage are also encouraged.

Opportunity Cost

(Accelerators for startups)

Through the TEF-UNDP partnership, the selected applicants will each receive a maximum of $5,000 non-refundable seed capital, access to mentors, a 12-week business training and networking opportunities. They will join the previously announced 3,051 beneficiaries of the 2019 cohort of the TEF Entrepreneurship Programme.
The Tony Elumelu Foundation (TEF) Entrepreneurship Programme is theFoundation’s US$100m flagship initiative launched in 2015 to mentor, train and fund 10,000 African entrepreneurs over 10 years.