PREVIEW 

The Tony Elumelu Foundation Entrepreneurship Programme is a $100million commitment made by the Elumelu family to empower 10,000 African entrepreneurs over a 10-year period through, training, mentorship and funding. The goal is to create at least 1million jobs and contribute over $10billion in revenue to the African economy.  
 

Through its flagship Entrepreneurship Programme the Foundation empowers African entrepreneurs and the entrepreneurship ecosystem across 54 African countries. The TEF training curriculum has been designed to segment entrepreneurs based on the demonstrated capability and knowledge.  

The training has been tailored to educate and capacitise you in starting or growing your business to overcome the challenges faced by entrepreneurs across the African continent. The curriculum focuses on practical, iterative learning that is useful even long after the training period.  

NOTE: Completion of the training programme is a strict condition to moving forward to the submission and review of your business plan, participation in the pitching competition, and receipt of seed capital.

STEP BY STEP GUIDE: HOW TO REGISTER AND APPLY

STEP BY STEP GUIDE: HOW TO REVALIDATE  

HOW TO REGISTER 

The application form consists of four parts: 

(1) Personal information 

(2) Commercial information 

(3) Cognitive assessment 

(4) Declaration section 

To ensure a transparent application process, all applicants will need to have a valid government issued ID and indicate their name on the application form on TEFConnect exactly as it appears on the ID card. 

ALL APPLICANTS WILL BE REQUIRED TO:  

1. Complete all mandatory fields in the online application form on TEFConnect. 

2. Submit the form 

4. Attach all the requested documents (valid identity card and photo headshot) and upload the required documents 

5. Expect Foundation comments. 

PLEASE NOTE: TEFConnect can only be accessed by a single email account. It is important that all applicants register with an email to which they have regular access to. 

WHAT TO EXPECT FROM THE PROGRAMME? 

The Entrepreneurship Programme identifies outstanding African entrepreneurs who have start-ups or business ideas with the potential to grow.  The TEF Entrepreneurship Programme will be delivered in different phases as listed below: 

• Application Phase 

• Training &Mentorship Phase 
• Business Plan Submission Phase 
• Pitching Phase 
• Seed Capital Phase 

THE APPLICATION PHASE 

This will take place from the January 1 to March 31.  Once applications are closed, eligible applicants will be placed in the appropriate training path as follows: 

PREPARATORY 

This means you do not have the skillset needed to start a business. You will go through the general training on TEFConnect. You will, however, not be eligible for mentorship or seed capital. 

START-UP/ BEGINNER 

This means you are a starter according to the business start-up profiling. You will go through the beginner training modules and you will have access to world class mentors during the programme.  

INNOVATIOR/ INTERMEDIATE 

This means that you have been profiled to be an intermediate entrepreneur. You have a good potential to be a successful entrepreneur. You will go through the Intermediate training modules and you will have access to world class mentors during the programme.  

DISRUPTOR/ ADVANCED 

This means that you are or identified to be natural or a seasoned entrepreneur. You will go through the Advanced training modules and you will have access to world class mentors during the programme.  

THE TRAINING AND MENTORSHIP PHASE 

Once shortlisted and placed in the appropriate training path, you will be eligible to take part in our rigorous business training and mentoring sessions. There will be multiple choice questions to track your performance. You will attend a virtual orientation program to learn more about the process and we will share timelines and resources available for you to succeed. The shortlisted entrepreneurs will be given access to join the peer-to-peer support groups. 

• Shortlisted entrepreneurs will be expected to complete the business training, answer the quiz at each end of each module. 
• The shortlisted applicants after the training will be given the opportunity to develop a BUSINESS PLAN  

THE BUSINESS PLAN AND FINANCIALS SUBMISSION PHASE 

At the end of the training, you will be required to combine all the learnings from the training into a single cohesive document. You will be given a business & financial plan template; this will be in the online resource library. This template will help you create a first draft of your business plan. write a business plan. After the BUSINESS TRAINING & BUSINESS PLAN SUBMISSION, only successful candidates (who complete the MCQs and score above cut off mark and submit a business plan) would be eligible to move on to the next stage: the PITCHING COMPETITION. 

THE PITCHING PHASE 

This is an opportunity to demonstrate your business knowledge and convince the judge about the feasibility of your business. At the pitching stage, entrepreneurs will pitch their ideas before a panel of judges. Only the successful candidates from the pitching competition will receive seed capital funding and access to the Alumni network to support their business ambitions. 

If you successfully completed all required training requirements and submitted a business plan, but was unsuccessful after the pitching competition, you will receive a training completion certificate and can reapply next year.  
 

Please note that this phase is another key outcome of this training programme and all shortlisted entrepreneurs must go through this phase to be eligible for SEED CAPITAL. 

THE SEED CAPITAL PHASE 

All entrepreneurs who have successfully completed all the above steps will be required to open business accounts and seed capital will flow into these accounts created. An entrepreneur who is eligible to receive seed funding will be given a CERTIFICATE OF COMPLETION AND ACHIEVEMENT from the Foundation.

For more information about the Tony Elumelu Foundation Entrepreneurship Programme, please see our Frequently Asked Questions.

The post The 7th Edition of The Tony Elumelu Foundation Entrepreneurship Programme (2021) appeared first on The Tony Elumelu Foundation.

Este é um apelo a todos os jovens empresários africanos em todo o continente para se inscreverem no Programa. 

Sobre o Programa de Empreendedorismo da Fundação Tony Elumelu

A Fundação Tony Elumelu (TEF) – a principal filantropia da África focada em capacitar empreendedores africanos – está procurando as idéias de negócios mais inovadoras do continente africano para se candidatar ao seu principal programa de empreendedoris­mo. 

Em apenas 5 anos, o Programa de Empreendedorismo empoderou mais de 9.000 jovens empreendedores africanos de todos os 54 países africanos. 

O Programa de Empreendedorismo da TEF é o compromisso de US $ 100 milhões de Tony O. Elumelu, CON, um investidor e filantropo africano, para identificar, orientar e financiar 10.000 empreendedores africanos em 10 anos, com o objetivo de criar milhões de empregos e receita no continente .

Com o apoio de parceiros, o Programa ampliou seu compromisso além do próprio compromisso de financiar 10.000 empresários africanos.  

O que o Programa de Empreendedorismo da TEF oferece:

1. Treinamento de Negócios
2. Tutoria
3. Capital inicial de $ 5.000 não reembolsável
4. Oportunidades de rede global 

Critério/de Eleição

• Empreendedores africanos iniciantes com sede na África
• Negócios na fase da idéia são bem-vindos, bem como negócios inovadores que existem há menos de 3 anos
• Os negócios podem estar em qualquer sector
• Os negócios devem ter potencial para criar empregos e receita no continente  

Linhas do tempo:

• 1º de Janeiro de 2020: abre o portal de aplicativos
• 1º de Março de 2020: fechamento do portal de aplicativos; É anunciada uma lista longa inicial para prosseguir para o treinamento de negócios
• Abril a Maio: treinamento e orientação
• Junho: competições de arremesso pan-africanas
• Julho: anúncio dos finalistas no Fórum TEF
• Agosto a Setembro: verificação de antecedentes
• Agosto – Dezembro: desembolso de fundos de sementes 

Processo de seleção:

1. Após as inscrições, os empreendedores serão submetidos a treinamento de negócios.
2. Os candidatos selecionados prepararão e enviarão um plano de negócios atualizado.
3. Os empreendedores de melhor desempenho serão selecionados para passar por uma fase de lançamento nos 54 países africanos, em inglês, francês, português ou árabe.
4. Os melhores desempenhos serão selecionados para receber o capital inicial de US $ 5.000.
5. Os finalistas a receber US $ 5.000 de capital serão anunciados no Fórum da TEF.

Como aplicar

Faça logon no portal de aplicativos multilíngue em www.tefconnect.com para se inscrever hoje.

Clique em “Aplicar” e preencha o formulário.

The post Chamando Startup African Entrepreneurs: Candidate-se ao Programa de Empreendedorismo Tony Elumelu Foundation 2020 appeared first on The Tony Elumelu Foundation.

Applications for the 6^th cohort of the Tony Elumelu Foundation Entrepreneurship Programme is now open.

Click here to apply

This is a call to all young African entrepreneurs across the continent to apply for the Programme.

About the Tony Elumelu Foundation Entrepreneurship Programme

The Tony Elumelu Foundation (TEF)—Africa’s leading philanthropy focused on empowering African entrepreneurs—is looking for the most innovative business ideas across the African continent to apply for its flagship Entrepreneurship Programme.

In just 5 years, the Entrepreneurship Programme has empowered over 9,000 young African entrepreneurs from all 54 African countries. 

The TEF Entrepreneurship Programme is the $100million commitment of Tony O. Elumelu, CON, an African investor and philanthropist, to identify, mentor, and fund 10,000 African entrepreneurs in 10 years, with the goal of creating millions of jobs and revenue on the continent.  With the support of partners, the Programme has scaled its commitment beyond its own commitment of funding 10,000 African entrepreneurs.

What the TEF Entrepreneurship Programme Offers:

1. Business Training
2. Mentorship
3. $5,000 non-refundable seed capital
4. Global Networking Opportunities

Eligibility/Criteria

• Startup African entrepreneurs based in Africa
• Business at the idea stage are welcome, as well as innovative businesses that have been in existence for less than 3 years
• Business can be in any sector
• Business must have potential to create jobs and revenue on the continent

Timelines:

• January 1, 2020: Application portal opens
• March 31, 2020: Application portal closes; initial longlist is announced to proceed for business training
• April – May: Training & mentorship
• June: Pan-African pitching competitions
• July: Announcement of finalists at the TEF Forum
• August – September: Background Check
• August – December: Seed Funding Disbursement

Selection Process:

1. Following applications, African entrepreneurs will undergo business training.
2. Shortlisted candidates will prepare and submit an updated business plan
3. Top performing entrepreneurs will be shortlisted to go through a pitching phase in all 54 African countries, in English, French, Portuguese or Arabic.
4. Top performers will be selected to receive the $5,000 seed capital.
5. Finalists to receive $5,000 seed capital will be announced at the TEF Forum

How to Apply

Log on to the multilingual application portal on www.tefconnect.com to sign up today.

Click on “Apply” and fill the form.

The post How to Apply for the 2020 Tony Elumelu Foundation Entrepreneurship Programme appeared first on The Tony Elumelu Foundation.