Tony Elumelu Entrepreneurship Grant Program for Women 2024 | $5 Million Fund
Applications are now open for the Tony Elumelu Entrepreneurship Program for Women 2024.
FOR: Women,
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STATUS: ❌ Closed.
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TEF Women Entrepreneurship For Africa (WE4A) Program is an action jointly 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 implemented by the Tony Elumelu Foundation (TEF), and the German Development agency GIZ (E4D program).
It is focused on empowering underserved communities in Sub-Saharan Africa comprising of women, youth, and the informal sector.
The Acceleration/Growth Programme will be implemented with support of SAFEEM (Swiss Association for Entrepreneurship in Emerging Markets).
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The program aims to improve the business capacity of women-led enterprises to increase their chances of raising follow-on funding from private sector investors.
Additional grant funding up to €50.000 in conjunction with a growth program will be provided to 15 enterprises selected by an expert panel as having the most high-growth potential. This program will be an additional 3 months.
Both the initial acceleration and the follow-on growth programs aim to support women entrepreneurs, in Sub-Saharan Africa, to flourish and contribute to employment creation in their communities through enhanced business capacities, access to formal financial services, and integration 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.
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.
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.
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