The Tony Elumelu Foundation Entrepreneurship Programme presents an unparalleled opportunity for individuals across all 54 African countries harboring scalable business ideas or operating businesses that have been active for no more than three years. With an ambitious vision to foster entrepreneurial excellence, the Foundation pledges to allocate non-returnable seed capital amounting to $5,000 to aspiring entrepreneurs eager to transform their business visions into tangible realities.
By embracing this initiative, successful applicants will integrate into a vibrant community comprising over 9,000 beneficiaries hailing from every corner of the African continent. Through active participation, they will avail themselves of comprehensive business training, personalized mentorship, vital seed capital injections, and invaluable global networking prospects.
This groundbreaking Programme embodies a visionary 10-year, $100 million commitment dedicated to the holistic development of 10,000 young African entrepreneurs. Rooted in the transformative philosophy of Africapitalism, it champions the pivotal role of the private sector as Africa’s primary growth catalyst, while underscored by the imperative of generating both social and economic prosperity.
The core ethos of the Tony Elumelu Foundation Entrepreneurship Programme revolves around fostering a conducive ecosystem where innovative ideas flourish and budding entrepreneurs thrive. By leveraging the power of entrepreneurship, the Programme seeks to empower individuals to become drivers of sustainable economic development across the African continent.
With an unwavering focus on nurturing homegrown talent and fostering a culture of innovation and resilience, the Programme represents a beacon of hope for Africa’s burgeoning entrepreneurial landscape. Through targeted interventions spanning mentorship, capacity building, and financial support, it aims to unlock the full potential of Africa’s youth, paving the way for a future defined by prosperity and inclusive growth.
In essence, the Tony Elumelu Foundation Entrepreneurship Programme stands as a testament to the transformative power of entrepreneurship in driving socio-economic progress and fostering a more equitable and prosperous Africa for generations to come.
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Application Dealine: March 1st 2024
Source: ICTWorks