Tony Elumelu Entrepreneurship Program for Women 2024 // $5 Million in Funding

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Tony Elumelu Entrepreneurship Program for Women 2024

Applications are now open for the Tony Elumelu Entrepreneurship Program for Women 2024. Here’s how you apply:

TEF Women Entrepreneurship For Africa (WE4A) Program applications are now available.

The “Women Entrepreneurship for Africa” (WE4A) program is supported by the European Union (EU), the Organisation of African, Caribbean, and Pacific States (OACPS), and the German Federal Ministry for Economic Cooperation and Development (BMZ), and is carried out by the Tony Elumelu Foundation (TEF) and the German Development Agency GIZ (E4D program).

It focuses on uplifting underprivileged communities in Sub-Saharan Africa, including women, youth, and the informal sector. SAFEEM (the Swiss Association for Entrepreneurship in Emerging Markets) will provide support for the Acceleration/Growth Programme.

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The program’s goal is to help women-led businesses enhance their business capability so that they may raise further capital from private sector investors. Additional grant financing of up to €50,000 will be awarded in conjunction with a growth program to 15 firms identified by an expert panel as having the highest growth potential. This program will last an extra three months.

Both the initial acceleration and follow-on growth programs aim to help women entrepreneurs in Sub-Saharan Africa thrive and create jobs in their communities by improving business capacity, providing access to formal financial services, and integrating into local and regional value chains.

Requirements

Female entrepreneurs from the TEF Alumni network.
You should have a working product and ideally already have customers.

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ACCELERATION PROGRAMME STARTUPS

The 100 TEF Alumna who are beneficiaries of this partnership were distributed into eight clusters based on their growth stage and sector, to provide a more personalised approach to the programme. Each cluster is led by an Entrepreneur in Residence (EiR) who provides mentorship and support throughout the programme.

Agriculture 1
Agriculture 2
Consumer Products
Eco-Friendly
Education & Training
Health
Market Places
Services

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Program Details

The program will last for 3 months of acceleration, and if you are selected, it will be followed by a growth program and technical assistance for an additional 3 months.
Training and all related program activities will be delivered virtually via Zoom. There will also be an online program management and e-learning platform.

Deadline: March 31st, 2024