Tony Elumelu Foundation (TEF) selects 1,000 African entrepreneurs for $10m grant

by Rachel Ogbu

L-R: Director, Tony Elumelu Entrepreneurship Programme (TEEP), Parminder Vir; Founder, Tony Elumelu Foundation, Tony O. Elumelu; CEO, Tony Elumelu Foundation, Reid Whitlock; and CEO and Founder of Java Foods, Zambia and Member Selection Committee TEEP, Monica Musonda during the official announcement of the selection of the first 1,000 African entrepreneurs for the Tony Elumelu Entrepreneurship Programme (TEEP)
L-R: Director, Tony Elumelu Entrepreneurship Programme (TEEP), Parminder Vir; Founder, Tony Elumelu Foundation, Tony O. Elumelu; CEO, Tony Elumelu Foundation, Reid Whitlock; and CEO and Founder of Java Foods, Zambia and Member Selection Committee TEEP, Monica Musonda during the official announcement of the selection of the first 1,000 African entrepreneurs for the Tony Elumelu Entrepreneurship Programme (TEEP)

The Tony Elumelu Foundation (TEF) has selected 1,000 African entrepreneurs out of about 20 000 who applied in the first phase of the Tony Elumelu Entrepreneurship Programme (TEEP).

Representing 52 African countries and territories, the selected winners emerged from various sectors including agriculture, education, fashion and ICT and they would receive a combined $10 million grant and will continue through the programme cycle over the next nine months. This cycle includes an intensive online training curriculum, mentoring, and participation in a two-day entrepreneurship boot-camp.

Founder, Mr. Tony O. Elumelu, CON, said: “The selection of these 1000 entrepreneurs brings us closer to our ultimate goal – to drive Africa’s economic and social transformation from within and to radically intensify job creation in Africa. Though I have never met or spoken to any of the winners, I am confident that due to the rigorous criteria and selection process, these entrepreneurs are Africa’s hope for the future. I will continue to invest my experience, time, influence, and resources to see them succeed. I am embarking on this journey with these entrepreneurs hopeful and inspired.”

TEEP is a $100 million initiative to discover and support 10,000 African entrepreneurs over the next decade, with a target of creating one million new jobs and $10 billion in additional revenues in the process.

For a full list of the winners, please visit www.tonyelumelufoundation.org/teep

For more information about the Tony Elumelu Foundation Entrepreneurship Programme, please contact media@tonyelumelufoundation.org or + 234-1- 2774641-5

L-R: Director, Tony Elumelu Entrepreneurship Programme (TEEP), Parminder Vir; Founder, Tony Elumelu Foundation, Tony O. Elumelu; CEO, Tony Elumelu Foundation, Reid Whitlock; and CEO and Founder of Java Foods, Zambia and Member Selection Committee TEEP, Monica Musonda during the official announcement of the selection of the first 1,000 African entrepreneurs for the Tony Elumelu Entrepreneurship Programme (TEEP)
L-R: CEO, Spotone Global Solution, Senegal and Member, Selection Committee, Tony Elumelu Entrepreneurship Programme (TEEP), Mariéme Jamme; Director, TEEP, Parminder Vir; Founder, Tony Elumelu Foundation, Tony O. Elumelu; CEO, Tony Elumelu Foundation, Reid Whitlock; CEO and Founder of Java Foods, Zambia and Member, Selection Committee, TEEP, Monica Musonda; Founder and Chair of Believe in Africa, Cameroon and Member, Selection Committee, Angelle Kwemo during the official announcement of the selection of the first 1,000 African entrepreneurs for the Tony Elumelu Entrepreneurship Programme (TEEP

About The Tony Elumelu Foundation

The Tony Elumelu Foundation is an African-based, African-funded philanthropic organisation. The Tony Elumelu Foundation was founded in 2010 by African business leader and philanthropist Tony O. Elumelu, CON, with a commitment to drive African economic growth, through empowering African entrepreneurship.

The Foundation aims to create 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, it seeks to influence the operating environment so that entrepreneurship in Africa can flourish. Website: www.tonyelumelufoundation.org

About The Tony Elumelu Foundation Entrepreneurship Programme

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 and initial 10,000 entrepreneurs throughout Africa over the next 10 years, creating 1,000,000 new jobs contributing to $10 billion in revenue across Africa. The online application portal for the 2015 round of entries will open on 1 January 2015 and close on 1 March 2015. Entries are open to applicants from all 54 African countries and will be accepted in English, French and Portuguese. Website: www.tonyelumelufoundation.org/TEEP

Photo: UBA

Post Author: Editor