Accelerator / VC

Tony Elumelu Foundation

About Tony Elumelu Foundation

The Tony Elumelu Foundation is a non-profit organization that aims to support and empower entrepreneurship in Africa. It provides funding, training, and mentorship to young entrepreneurs across the continent. Entrepreneurs benefit from access to a vast network of mentors, experts, and investors, as well as comprehensive business management training. The Foundation's flagship program, the TEF Entrepreneurship Programme, offers a 12-week training course, a $5,000 non-refundable seed capital, and access to further funding opportunities.

How to apply

To apply for the Tony Elumelu Foundation's TEF Entrepreneurship Programme, entrepreneurs need to fill out an online application form on the Foundation's website. The application process typically includes providing details about the business idea, the entrepreneur's background, and how the business will impact the local community. The application window opens once a year, and selected candidates go through a rigorous selection process before being accepted into the program.

Apply on their website

A note on accuracy

This information is based on our research and may change over time. Always confirm the latest details on the official website. Spotted something off? Let us know.

At a glance

Industry: The Foundation is sector-agnostic and supports a wide range of industries including agriculture, technology, healthcare, education, and more.
Markets: The Foundation operates across all 54 African countries.
Avg. Funding: The average funding provided is $5,000 as initial seed capital, with potential for additional funding based on business performance.
Investments: 22 startups

Quick links

Official website LinkedIn page Back to directory

After you raise

Need a tech team that ships?

When you're ready to build, ProDevs helps founders hire vetted engineers, designers, and PMs — only if it's the right fit.

See how it works

More to explore

Other accelerators & VCs

Launch Academy

Launch Academy provides the mentorship, resources, network, and environment that entrepreneurs need to fund and grow their startups. With a focus on nurturing e...

Launch Academy supports a va... Canada

View details Avg: Launch Academy doe...

Startup Lighthouse

Startup Lighthouse is committed to developing cross-border connections within and beyond Europe. It provides a platform for startups to expand their reach, gain...

Startup Lighthouse does not... Primarily focuses on Eur...

View details Avg: Details regarding...

Gate Labs

Gate Labs is the investment arm of Gate.io, a leading global digital asset exchange. As an accelerator and venture capital entity, Gate Labs focuses on supporti...

Blockchain, Cryptocurrency,... Gate Labs operates globa...

View details Avg: The average fundin...