The Tony Elumelu Foundation is an African-based, African-funded philanthropic organisation. Founded in 2010, our mission is to support entrepreneurship in Africa by enhancing the competitiveness of the African private sector.

We believe our work is driving lasting solutions that contribute positively to Africa’s social and economic transformation. Employing an integrated approach that utilizes impact investments, selective grant making, and policy development, we seek to influence the operating environment so that entrepreneurship in Africa can flourish.

It is our central belief that a vibrant African-led private sector is the key to unlocking Africa’s economic potential. With the right support, entrepreneurs can be empowered to contribute meaningfully to Africa’s prosperity and social development, giving back in tangible ways – like creating jobs.

As an African foundation, we aim to inspire truly pan-African institutional philanthropy that will resolve critical social issues on the continent.

This Foundation has flagship $100 million entrepreneurship programme, with the mission to identify and grow 10,000 African entrepreneurs, create 1 million jobs, and add $10 billion in annual revenue across Africa over the next decade. Applications are currently being accepted.

Eligibility
4.1. All Applicants will be checked by the Promoter to verify eligibility prior to any potential offer of a placement in the Programme. Applications that do not meet all or some of the eligibility criteria will not be accepted or will be dropped during the Programme.

4.2. The Programme is open to all Africans with Startup businesses operating in Africa who are aged 18 years and above, and who must not be considered a minor in their country of residence.

4.3. Applicants must have the legal right to work in the African country where the business is located.

4.4. Applicants must create an account and complete an online entry form through the TEEP Portal to apply for the Programme.

4.5. The proposed business must operate in Africa and Applicants must be legal residents of any one of the 54 African countries.

4.6. All businesses must be Business Ideas or an early stage company, in the range of 0 to 3 years from date of registration.

4.7. Business Ideas must be for profit, focused on one business only and must be the original work of those making the submission.

4.8. All Successful Applicants must be available to commit to the annual Programme cycle from April to December once accepted. Any Applicant who is not committed to this time frame will not be accepted or will be dropped from the Programme.

4.9. A Programme cycle commitment of April to December equates to completing the Startup Enterprise Toolkit; submission of regular narrative progress reports, participation in the Boot Camp and the Elumelu Entrepreneurship Forum in Lagos, Nigeria and development of a comprehensive business plan.

4.10. Request for any proposed long term absence from the Programme must be agreed to by the Promoter in writing prior to the Applicant taking the time out of the Programme and shall only be allowed in extraordinary circumstances. Requests shall however be assessed by the Promoter on a case-by-case basis.

4.11. Any Applicant who does not fulfill all the commitment requirements will not be awarded the Seed Capital or other on-going support. Access to programme materials and Mentors will also be denied to an Applicant who drops off mid-way through the programme without obtaining the consent of the consent of the Promoter.

Application opens from 1st January, 2015 to 1st March, 2015

Apply here: www:http://opportuniti.org/the-tony-elumelu-foundation-entrepreneurship-programme-2015/

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