The Tony Elumelu Foundation announced yesterday the launch of a $100 million Pan-African entrepreneurship initiative – The Tony Elumelu Foundation Entrepreneurship Programme – a multi-year programme of training, funding, and mentoring, designed to empower the next generation of African entrepreneurs.
The programme is the first initiative of its kind to be launched by an African philanthropic organisation and is the largest African sourced philanthropic gift, targeting the entrepreneurial space.
“The Tony Elumelu Foundation Entrepreneurship Programme will offer a structured, multi-year opportunity to access funding, knowledge and perhaps most importantly mentoring, on a scale that is unprecedented in Africa – it is our opportunity to empower a generation,” said, Tony O. Elumelu, CON, Founder of The Tony Elumelu Foundation
The programme will identify and help grow an initial 10,000 start-ups and young businesses from across Africa over the next 10 years, targeting the creation of 1,000,000 new jobs and $10 billion in annual revenues.
A portal will open on January 1, 2015 to allow entrepreneurs all over Africa to apply.
For more information, visit tonyelumelufoundation.org/teep
Photo: World Economic Forum
