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The Tony Elumelu Foundation -UNDP Sahel Youth Entrepreneurship Programme 2019 Call for Applications

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Deadline: 05 Aug,2019    Next term Starts:: 02 Oct,2019

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About

The TEF-UNDP Sahel Youth Entrepreneurship Programme is a partnership between the United Nations Development Programme (UNDP) and the Tony Elumelu Foundation (TEF) to empower 100,000 additional entrepreneurs over 10 years from seven Sahel African countries: Northern Nigeria, Niger, Chad, Cameroon, Mauritania, Mali and Burkina Faso.The partnership will target young Africans in under-served communities. The goal is to create 10 million new jobs and contribute at least $10 billion to the African economy. The Programme leverages the tried and validated approach to philanthropy on the continent pioneered by the Tony Elumelu Foundation. It prioritizes and positions entrepreneurship as the key enabler to catalyze the economic development of the African continent.

The Tony Elumelu Foundation (TEF) Entrepreneurship Programme is the flagship Programme of the Tony Elumelu Foundation—the leading philanthropy in Africa empowering African entrepreneurs.

The TEF Entrepreneurship Programme is the $100 million commitment by the Elumelu family to mentor, train and financially support 10,000 African entrepreneurs in 10 years. The Programme is currently in the 5th fifth year of its commitment and has so far empowered over 7,500 entrepreneurs across 54 African countries.

The Tony Elumelu Foundation Entrepreneurship Programme provides the inspiration for the development of the TEF-UNDP Sahel Youth Entrepreneurship Programme which scales up the impact of the Foundation to empower an additional 100,000 entrepreneurs specifically from seven countries in Africa’s Sahel region.

This partnership will target young Africans in under-served communities, starting with the Sahel, given the region’s opportunity as the youngest population in the world with 194 million people under 25 years of age (64.5% of the total population). The TEF-UNDP Sahel Youth Entrepreneurship Programme will be implemented through TEF’s flagship Entrepreneurship Programme, which has already benefited 7,520 local entrepreneurs across 54 African countries in just five years of existence. Similarly, the programme builds on UNDP’s Youth-Connekt initiative.

The aim is to increase job creation through dynamic entrepreneurship and create sustainable economic growth that anchors the development of communities and states.

 

Eligibility and Criteria

  • Applicants must be 18 years old and must not be considered a minor in their country of residence.  There is no upper-limit age restriction.
  • You must be an African entrepreneur residing in any of the listed countries: Northern Nigeria, Niger, Chad, Cameroon, Mauritania, Mali and Burkina Faso
  • Your business must not be more than 3 years in existence. Potential businesses at the idea stage are encouraged.
  • Following the end of the application window, an initial long-list of 5,500 applicants will be selected to undergo the 12-week business training.
  • After the training, the final shortlist of 2,000 applicants will be announced to join the previous 2019 TEF cohort.
  • Business ideas must be for profit, and must be the original work of those making the submission.
  • The programme is not open to research institutions, faith based organisations, value adding trading companies, government contractors and businesses not located in Africa.
  • Your application must focus on ONE business only.
  • Your application must focus on ONE business only.
  • Current employees or their family members from the Tony Elumelu Foundation and affiliate companies in the Heirs Holdings Group and UBA Group are not eligible to apply for the TEF Entrepreneurship Programme, either individually or as part of a team.

All applications will be judged on 5 core criteria, which are:

  • Feasibility of the business idea.
  • Market Opportunity: knowledge and understanding of the market, customers and competitors for their idea/business.
  • Financial Understanding: understanding of the basic financial requirements of running a business, costs and revenues.
  • Scalability: Demonstrates potential for replication and growth of their product or service to create jobs and wealth.
  • Leadership Potential and Entrepreneurial Skills:Demonstrate leadership potential, capable of attracting people, customers and resource.

 

Awards and Benefits

  • African entrepreneurs will gain non-refundable seed capital.
  • Access to a 12-week business training and mentoring.
  • They will also receive visibility and numerous business networking opportunities.
  • Successful candidates will get the opportunity to join the current Cohort of  TEF fellows 2019.

 

How To Apply

To apply please click here