{"id":20300,"date":"2018-01-02T11:38:18","date_gmt":"2018-01-02T10:38:18","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=20300"},"modified":"2018-01-02T11:38:18","modified_gmt":"2018-01-02T10:38:18","slug":"tef-opens-entry-100m-entrepreneurship-programme","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/tef-opens-entry-100m-entrepreneurship-programme\/","title":{"rendered":"TEF Opens Entry For $100m Entrepreneurship Programme"},"content":{"rendered":"

The Tony Elumelu Foundation says it is now accepting applications for business ideas that can transform Africa. The programme, which is in its fourth cycle, is TEF\u2019s 10-year, $100m commitment to identify, train, mentor and fund 10,000 African entrepreneurs by 2024, according to a statement by the foundation.<\/p>\n

The foundation said prospective applicants could visit its website to apply before the expiration of the deadline on March 1, 2018. The statement read in part, \u201cThe programme provides critical tools for business success, including: 12 weeks of intensive online training which guides entrepreneurs on creating and managing a business; mentoring: a world-class mentor to guide during the early transformation stages of the business; funding: $5,000 in seed capital to prove the concept, plus access to further funding; and network access to the largest network of African start-ups and TEF\u2019s own global contacts.\u201d<\/p>\n

The TEF Founder, Mr. Tony Elumelu, was quoted as saying, \u201cWhen we launched the TEF programme and committed $100m to empowering Africa\u2019s entrepreneurs, I knew we would create impact, but I never imagined it would be impact of this magnitude. \u201cWe have unleashed a movement of African entrepreneurs \u2013 a force so strong, so inspiring, that I am confident will collectively transform Africa. We need Africa\u2019s best and brightest entrepreneurs to come learn, grow their businesses and build our continent.\u201d<\/p>\n

According to the statement, 1,000 entrepreneurs will be selected based on the viability of their ideas, including market opportunity, financial understanding, scalability, and the leadership as well as entrepreneurial skills demonstrated in the application.<\/p>

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Listing the criteria, the statement noted that the business must be based in Africa, set up for profit, be between zero and three years, and prospective applicants be at least 18 years old and a legal resident or citizen of an African country. The Chief Executive Officer of the foundation, Parminder Vir, said, \u201cWe encourage women, French and Portuguese speakers to apply. \u201cOur 3,000 alumni are already growing their businesses and improving lives. If you have a transformational business or an idea, we have an opportunity for you.\u201d<\/p>\n

Photo Caption: Tony Elumelu\u00a0<\/em><\/strong><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

The Tony Elumelu Foundation says it is now accepting applications for business ideas that can transform Africa. The programme, which is in its fourth cycle, is TEF\u2019s 10-year, $100m commitment to identify, train, mentor and fund 10,000 African entrepreneurs by 2024, according to a statement by the foundation. The foundation said prospective applicants could visit …<\/p>\n","protected":false},"author":6,"featured_media":20301,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[3450,2368],"coauthors":[2391],"class_list":["post-20300","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-tef","tag-tony-elumelu-foundation"],"yoast_head":"\nTEF Opens Entry For $100m Entrepreneurship Programme - National Wire<\/title>\n<meta name=\"description\" content=\"The Tony Elumelu Foundation says it is now accepting applications for business ideas that can transform Africa. 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