For many startups, funding may be the only way to get them really started in setting their vision on course and actualizing their many mission statements.
Beyond having a startup capital to begin, a business startup needs all the support it can get to grow thick feathers to start and remain in flight within the business space.
Africa is indeed evolving and out to meet the global demands in various sectors and industries. Over the last 10 years, there has been a surge in African startups springing from all parts of Africa, making marks in the global market and catching up with the rest of the world by surprise faster than we ever dreamt possible.
The secret behind the increase in African startups beyond the ingenuity of Africans can be attributed to the unrelenting efforts of TEF (Tony Elumelu Foundation) which will stop at nothing in funding African startups annually to rise above limits.
TEF
The Tony Elumelu Foundation (TEF) is one of the major pioneers of African entrepreneurship. TEF is driven by the core objective of empowering men and women across Africa to attain enviable economic growth, reduce poverty, hence encourage job creation. TEF believes that the private sector is the soul of Africa’s development therefore must be equipped to create both social and economic prosperity.
TEF Entrepreneurship Programme
TEFEP is an annual entrepreneurship funding open to all 54 African nations. TEF is offering a non-refundable seed funding of $5000 to profitable business ideas or to young businesses operational for no more than 5 years.
TEF Entrepreneurship Programme for the year 2023 commenced on the 1st of January 2023 and is open to all eligible applicants.
Requirements For Application
1. Applicants must be below 18 years of age before application.
b. All businesses must be an early startups, within the age range of 0 to 5 years.
Benefits Of The TEF Entrepreneurship Program
a. Non-refundable seed funding of $5,000
b. 12 weeks of world-class business training.
c. Access to over 15,000 entrepreneurs across Africa via the TEF Alumni network.
d. Access to mentoring and networking opportunities via Africa’s largest digital platform for entrepreneurs, TEFConnect.net
Click to Apply
