Next Steps of the 2021 Tony Elumelu Foundation Entrepreneurship Programme
The Tony Elumelu Foundation is an African non-profit organization founded in 2010 by Tony O. Elumelu and headquartered in Lagos, Nigeria, based on his belief that, with the right support, entrepreneurs can be empowered to contribute meaningfully to Africa’s prosperity and social development.
The Tony Elumelu Foundation is the leading champion of entrepreneurship in Africa. Our objective is to empower women and men across our continent, catalysing economic growth, driving poverty eradication and ensuring job creation. We believe the private sector’s role is critical for Africa’s development and that the private sector must create both social and economic wealth.
Founded by African investor and philanthropist, Tony O. Elumelu, and representing his personal commitment to creating a new generation of entrepreneurs, through his investment company, Heirs Holdings, the Foundation is active in all 54 African countries.
Our mission is implemented through our programmes, research, communities, advocacy and convenings, including the annual TEF Forum, the largest gathering of entrepreneurs in Africa, and TEFConnect, Africa’s digital hub for entrepreneurs. The Foundation leverages its strong relationships in the public, private and development sectors to drive its mission of creating prosperity for all.
In 2015, the Foundation launched the TEF Entrepreneurship Programme, a $100 million commitment by Tony Elumelu to empower 10,000 African entrepreneurs over 10 years. Building on the Programme’s success and its unique ability to identify, mentor and fund entrepreneurs across Africa, the Foundation is increasingly sharing its robust delivery platform and working in partnership with institutions such as United Nations Development Programme, the African Development Bank, the International Committee of the Red Cross, GIZ, and United Bank for Africa Plc, to create meaningful and permanent impact across Africa.
Thus far, the Tony Elumelu Foundation has trained, mentored, and funded over 9,000 young African entrepreneurs across 54 African countries through its Entrepreneurship Programmes, and provides capacity-building support, advisory and market linkages to over 1million Africans through its digital networking platform, TEFConnect.
Check your email, you must have received this message from the foundation.
Congratulations on successfully completing your application to the 2021 Tony Elumelu Foundation Entrepreneurship Programme and progressing to the training stage.
As you know, you have been placed in a specified category to receive contextualised, tailor-made training for your business. This training will take place on tefconnect.net.
Please see the outlined timelines for the TEF Entrepreneurship Programme activities in the coming months:
Timelines of the 2021 Tony Elumelu Foundation Entrepreneurship Programme
· Training & Coaching: May 3rd – July 29th
· Pitching Competition: Aug 23rd – Sep 24th
· Shortlisting & Selection: Sep 27th – Oct 8th
· Selection Announcement: Oct 11th
Congratulations once again. See you in a few weeks!
How to Prepare for the Training and Coaching phase of the 2021 Tony Elumelu Foundation Entrepreneurship Programme starting on May 3rd – July 29th
1. Have a budget for data and a good laptop or internet-enabled phone.
2. Be prepared to commit time for the learning process and pass through it
3. Prepare a temporary Business plan for your Idea and fine-tune it as you go through the training
To be continued.
What are the Milestones to Achieve as a New idea or Existing Business before the Pitching Competition phase of the 2021 Tony Elumelu Foundation Entrepreneurship Programme Starting on Aug 23rd – Sep 24th
1. Register your business with Corporate Affairs Commission
2. Start your idea in a simple way you can at the level of resources available to you and document your evidence on social media or a website.
To be Continued.
Re-watch my video to study the requirements of each stages of the 2021 Tony Elumelu Foundation Entrepreneurship Programme