This year, over 216,000 applications were received, an increase from last year’s 151,000.
Nearly 90,000 were submitted by female entrepreneurs, an increase of 45%, illustrating the Foundation’s strategy to achieve greater gender balance. The selected Entrepreneurs will each receive non- refundable $5,000 of seed capital, access to mentors, and a 12-week business training programme, directly focused on the needs of African entrepreneurs.
On July 26 – 27 2019, they will gather at the TEF Entrepreneurship Forum, the largest annual gathering of African entrepreneurs and the entrepreneurship ecosystem on the continent.
About Entrepreneurship Programme
Nigerian billionaire investor and philanthropist Tony Elumelu has committed $100 million to create 10,000 African entrepreneurs over the next 10 years. The aim is to create 1,000,000 jobs and contribute $10 billion in annual revenues to Africa’s economy over this period.
TEEP, a Pan-African entrepreneurship initiative of the Tony Elumelu Foundation, is a multi-year programme of training, funding, and mentoring, designed to empower the next generation of African entrepreneurs.