Tony Elumelu Foundation 2017 Entrepreneur Programme Selection Announced
The Tony Elumelu Foundation is an Africa-based, African-funded
philanthropic organisation. Founded in 2010, TEF is committed to driving
African economic growth, by empowering African entrepreneurship. The
Foundation aims to create lasting solutions that contribute positively
to Africa’s social and economic transformation. Through impact
investments, selective grant making, and policy development, it seeks to
influence the operating environment so that entrepreneurship in Africa
2017 Tony Elumelu Entrepreneurship Programme (TEEP)
The Tony Elumelu Foundation Entrepreneurship Programme represents a
decade- long commitment to supporting African start-ups and
entrepreneurs. We are committing $100 million to help launch an initial
10,000 entrepreneurs throughout Africa over the next 10 years, creating
1,000,000 new jobs contributing to $10 billion in revenue across
Launched in 2015, TEEP is the largest African philanthropic initiative
devoted to entrepreneurship and represents a 10-year, $100 million
commitment, to identify and empower 10,000 African entrepreneurs, create
a million jobs and add $10 billion in revenues to Africa’s economy.
The Tony Elumelu Foundation (TEF) is proud to announce the selection of
1,000 African entrepreneurs, creating the 3rd cohort of the 10-year,
$100 million TEF Entrepreneurship Programme.
Over 93,000 entrepreneurs, from 55 countries and territories in Africa,
applied - more than twice 2016 applications and nearly four times 2015.
Successful candidates represent diverse industries, led by agriculture,
ICT and fashion. The highest numbers of applicants came from Nigeria
and Kenya. All five regions - North, East, Southern, Central and West
Africa are represented.
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