{"id":443639,"date":"2017-12-04T22:18:19","date_gmt":"2017-12-04T22:18:19","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/12\/04\/tony-elumelu-foundation-announces-4th-cycle-of-10-year-100m-entrepreneurship-development-programme\/"},"modified":"2017-12-04T22:18:19","modified_gmt":"2017-12-04T22:18:19","slug":"tony-elumelu-foundation-announces-4th-cycle-of-10-year-100m-entrepreneurship-development-programme","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/12\/04\/tony-elumelu-foundation-announces-4th-cycle-of-10-year-100m-entrepreneurship-development-programme\/","title":{"rendered":"Tony Elumelu Foundation announces 4th cycle of 10-year, $100m entrepreneurship development programme"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Monday,  4 December 2017<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>UBA Ghana<\/p>\n<p>2017-12-04<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/18332172.295.jpg\" alt=\"Tony Elumelu Copy2\" title=\"Tony Elumelu Copy2\" width=\"295\" height=\"197\" \/><span class=\"image_caption\"><span>Tony Elumelu<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125813973067\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125813973067\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/1512425899_735_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\">Today, Africa\u2019s largest philanthropy supporting entrepreneurship \u2013 The Tony Elumelu Foundation (TEF) \u2013 announced that on January 1, 2018, it will begin accepting applications for the 4th cycle of its entrepreneurship development programme, from outstanding African entrepreneurs who have start-up or business ideas with high growth potential.<\/p>\n<p>The application portal opens midnight WAT 1st January 2018 at www.tonyelumelufoundation.org.<\/p>\n<p>The Programme is the Founder\u2019s $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs in 10 years; creating 1,000,000 jobs and $10 billion in social and economic wealth.<\/p>\n<p>After three cycles, the Programme \u2013 the only African-funded business development initiative of its kind \u2013 has:<\/p>\n<p>* Received 158,000 applications from African entrepreneurs in 107 countries, including every nation of Africa<\/p>\n<p>* Empowered nearly 3,000 businesses with 12-weeks of online training; world-class mentoring; access to TEF\u2019s network of start-ups; and seed capital of $5,000<\/p>\n<p>* Invested a total of $14,235,000, including $4,270,500 in agriculture; $1,285,000 in ICT, $1,245,000 in education and training; and $7,400,000 more in start-ups across 19 other sectors.<\/p>\n<p>Some of the inspiring stories alumni have shared include:<\/p>\n<p>* \u201cWithin two months of joining, I launched a new product. Three months later, before even completing the programme, I\u2019ve made more than $28,300. This I owe to TEF training alone.\u201d \u2013 Dennis Mutoro (Consulting, 2017) Kenya<\/p>\n<p>* \u201cMr. Elumelu once said to entrepreneurs, \u2018Do not eat the seed,\u2019 and this guided me in use of the seed capital from TEF and I have sown it accordingly. TEF has opened unimaginable doors and allowed me to explore the depths of entrepreneurship. I am forever grateful.&#8221; &#8212; Jean Emmanuel Labonne (ICT, 2017) Mauritius<\/p>\n<p>The Programme is open to citizens and legal residents of all African countries with businesses based in Africa, less than three years old, including new startups.<\/p>\n<p>\u201cAs an entrepreneur myself, I understand what it feels like to yearn for a lifeline, to hope for a \u2018big break.  In turn, I have set out to institutionalise luck with the Foundation and give back to the continent of Africa.  I am pleased the Programme is already unleashing Africa\u2019s entrepreneurs and driving economic transformation,\u201d said TEF Founder, Tony O. Elumelu, CON.<\/p>\n<p><!-- uploaded by: 49 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Monday, 4 December 2017 Source: UBA Ghana 2017-12-04 Tony Elumelu Today, Africa\u2019s largest philanthropy supporting entrepreneurship \u2013 The Tony Elumelu Foundation (TEF) \u2013 announced that on January 1, 2018, it will begin accepting applications for the 4th cycle of its entrepreneurship development programme, from outstanding African entrepreneurs who have start-up or business [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":443640,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-443639","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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