Tony Elumelu Foundation Entrepreneurship Programme 2027

The Tony Elumelu Foundation Entrepreneurship Programme (TEF) is the flagship initiative of the Tony Elumelu Foundation, designed to identify, train, mentor, and fund African entrepreneurs with scalable business ideas or early-stage businesses. Founded in 2010, the programme aims to catalyze economic growth and job creation across Africa through the philosophy of Africapitalism.

African Entrepreneur Applicants must: Be citizens or legal residents of an African country. Operate a business located in Africa. ✅ Age Requirement Applicants must be: 18 years or older. ✅ Business Stage Applicants must have: A business idea, or An existing business not older than five years. ✅ For-Profit Venture Businesses must: Be for-profit. Be the original work of the applicant. Not belong to prohibited sectors such as faith-based organizations, research institutions, or government contracting businesses. ✅ Scalability The business should demonstrate: Growth potential. Capacity to create jobs and economic impact. Innovation and sustainability. ✅ One Business Per Application Applicants can only submit: One business idea or venture. Previous TEF beneficiaries cannot apply again. Documents Required Selected entrepreneurs may be required to provide: Valid identification. Personal bank statements. Statement of debts. References from employers, banks, or academic institutions. Business bank account information.