With a $100,000,000 commitment through the Tony Elumelu Foundation, African business leader Tony O. Elumelu is empowering generations of African entrepreneurs over the next decade, to change the African business landscape as you know it.
Here’s what you need to know about The Tony Elumelu Foundation Entrepreneurship Programme:
What is TEEP?
The Tony Elumelu Foundation Entrepreneurship Programme is the flagship entrepreneurship initiative of the Tony Elumelu Foundation, founded by entrepreneur and philanthropist, Tony O. Elumelu, CON.The goal is to create 10,000 businesses that can generate 1,000,000 new jobs and contribute at least $10 billion in annual revenues to the African economy.
Who Can Apply?
The programme is open to all citizens (18 and above) and legal residents of all 54 African countries with businesses that operate in Africa.
How Can I Apply For The Programme?
All applications must be submitted ONLINE through the TEEP PORTAL. Answer a series of mandatory questions and upload additional documents and identification materials. You will receive a confirmation email within 1 working day of submission.
What Are The Important Dates and Deadlines to Be Aware of?
All applications are submitted ONLINE every year through the TEEP APPLICATION PORTAL from January 1st to March 1st.
Is There a Restriction on The Types of Business/Industry?
Yes. The programme is not open to research institutions, faith-based organizations, value adding trading companies, government contractors and businesses not located in Africa or more than three years old. Businesses must be for-profit, focused on one business only and must be the original work of those making the submission.
Will My Start-up Be Excluded If I Have a Relation/Family Member Who Works for TEF?
Yes. Employees and family members of the TEF and affiliated companies in the Heirs Holdings Group were not eligible to apply, either individually or as part of a team.
How Many Applicants Are Chosen to Join The Programme?
There are 1,000 places available annually for the Applications that are selected by the Selection Committee for a placement in the Programme.
How Are Selected Applicants Chosen to Join The Programme?
Selection of the applicants took place from the close of the Application on March 1st, by the Tony Elumelu Foundation, an external reviewing company (Accenture) and an independent Selection Committee.