Posted in News
The Tony Elumelu Foundation (TEF) yesterday March 22 announced the selection of 1,000 entrepreneurs for the 2nd round of the Tony Elumelu Entrepreneurship Programme (TEEP).
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. See the full list of winners here!
Over 45,000 entrepreneurs from 54 African countries applied, more than doubling the number of applications received in 2015. Successful candidates represent diverse industries, led by agriculture, ICT and fashion. The highest numbers of applicants came from Nigeria, Kenya, Ghana, Uganda and Cameroon. All five regions – North, East, Southern, Central and West Africa are represented.
Founder, Tony O. Elumelu, CON, commented: “I am passionate about supporting African entrepreneurs; empowering African entrepreneurs will change the face of Africa as we know it today. The entries showcased countless examples of potentials and creativity inherent in Africa. ” Unsuccessful applicants are encouraged to avail themselves of the networking opportunity and online resources that the Foundation provides.
Over the next nine months, the 2016 cohort will receive the intensive online training, networking and mentoring, which provide a tool kit for success and sustainability. They will also participate in the three-day Elumelu Entrepreneurship Forum later in the year, the largest annual gathering of African entrepreneurial talent.
Parminder Vir OBE, CEO of The Tony Elumelu Foundation, said: “We saw phenomenal success with the first cycle of TEEP – the success stories of the TEEP 2015 alumni are a testament to the transformative power of the programme we have built. Through TEEP, we are proving to the next generation of entrepreneurs that their ideas can change their communities, their countries and their continent.”
The Tony Elumelu Foundation Entrepreneurship Programme represents a decade- long commitment to supporting African start-ups and entrepreneurs.