The Tony Elumelu Foundation is an African non-profit organization that dedicates its service to improving the quality of life in Africa and Africans alike. Founded in 2010 by Tony O. Elumelu and have their headquarters in Lagos, Nigeria.
They started the organization based on the belief that entrepreneurs can contribute to Africa’s social development and prosperity. The foundation has charted a fresh course for philanthropy in Africa and doesn’t just believe in providing its people with grants.
They strongly believe in providing intensive and effective support for these entrepreneurs to help them better be successful through a 7-pillar model.
Getting ahead
The foundation moves to promote excellent entrepreneurship and business leadership in Africa. Tony Elumelu is a businessman, and he started the organization to act as a driver of Africapitalism.
They poise the foundation towards creating a total economic transformation and pushing for entrepreneurship by promoting competitiveness and growth in the business sector.
How Much Grant Does The Foundation Offer?
The Tony Elumelu Foundation entrepreneurship program that focuses on empowering entrepreneurs to create a better African economy.
It is open to startup entrepreneurs that have business ideas and have existed at least three years in any sector across Africa.
The program is a 100 million dollar commitment made by the foundation for entrepreneurs across all of Africa. The goal is to empower 10,000 entrepreneurs over the next ten years that would create millions of jobs and increased revenue for the continent.
Who is Eligible To Apply?
The program is open to all Africans who own businesses in Africa and are 18 years and above.
The individual or sets of individuals that wish to apply must be adults in their country of residence. Applicants for this grant must have the legal right to work in whatever country where their business is located.
How to apply
You should do all applications through an application portal. The application contains a series of questions that need answers alongside documents and mediums of identification.
After submitting, you will receive an email to confirm the email of receipt that lets you know you have successfully submitted your application.
There are no offline modes of submission and all applications must be submitted through the online hub. The selection of the applicants is made soon as the application closes and judged based on several criteria.
Conclusion
The Tony Elumelu foundation entrepreneurship program provides a great opportunity for African businesses to grow and thrive.
It offers grant opportunities to 10,000 African businesses hoping to increase revenue and creates more job opportunities for Africans for the next 10 years.
This is an excellent opportunity for entrepreneurs to create a successful business and improve the economic situation of Africa as a whole.