TEF entrepreneurs list out March 22

The Tony Elumelu Foundation (TEF) will announce the selected applicants for the 2019 cohort of the Foundations flagship Entrepreneurship Programme on March 22. The event, which marks the fifth round of the Foundations Entrepreneurship Programme, will take place at the Transcorp Hilton Hotel, Abuja.Every year, the TEF opens its application portal to African entrepreneurs, with businesses of less than three years old. Through its $100 million Entrepreneurship Programme, the Foundation empowers 1,000 entrepreneurs annually, who receive $5,000 in non-refundable seed capital, access to mentors, a 12-week training programme and opportunities to promote their businesses to a global audience. All applicants receive access to TEFConnect, Africas digital entrepreneurial hub, which provides access to networks, training, further capital sources and business opportunities.As a means of cascading its proven entrepreneurial tool kit to the huge numbers of applicants, the Foundation launched in 2018, TEFConnect, the digital networking platform for African entrepreneurs. The platform, which has currently over 400,000 users, providing opportunities for entrepreneurs to network, receive training and forge business partnerships to scale their businesses beyond physical borders.In the five years since the Foundation launched its Entrepreneurship Programme, it has empowered 4,000 African entrepreneurs directly and an additional 470 entrepreneurs supported by the Foundations partners. The Foundation recently appointed Ifeyinwa Ugochukwu as CEO effective from April 1. Mrs. Ugochukwu succeeds Parminder Vir, OBE, who will continue to lend her experience and expertise as a member of the Foundations Advisory Board.The incoming CEO, Ifeyinwa Ugochukwu, emphasised the importance of partnership in reaching additional entrepreneurs beyond the Foundations annual commitment of 1,000 entrepreneurs.Each year we see a significant uplift in applicants. Our execution partner, Accenture Development Partnerships, are currently reviewing and finalising the applications.
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