At last, the much awaited list (2018 Tony Elumelu Entrepreneurs) is out.
The Tony Elumelu Foundation (TEF) has just released the list of the successful African entrepreneurs with the most innovative, high-potential business ideas to get the prestigious $10,000 Grant in the 4th cycle of The Tony Elumelu Foundation’s (TEF) 10-year, $100 million TEF Entrepreneurship Programme. The goal of the TEF is to empower 10,000 African entrepreneurs in ten years!
A record 151,692 applications from 114 countries over the world were received. Agriculture sector led the pack with 30.5% of selected entrepreneurs, followed by Technology (10.5%), Education and Training (7%). Incredibly, an almost equal ratio of male to female applications were received showing how far female entrepreneurs in Africa have come.
According to the TEF Founder, Tony O. Elumelu, CON: “The number and quality of applicants, 151,000 in total, was outstanding – it illustrates the strength and depth of entrepreneurial promise and commitment on our continent. Selection is never easy, and we profoundly regret that we cannot help all. Our partnerships with the Red Cross, UNDP and Indorama, alongside ongoing discussions with other international organizations, reflect the growing global recognition of what we have known all along – that entrepreneurship is the most effective path to sustainable development on our continent and our Programme is the model to follow.”
According to TEF CEO, Parminder Vir OBE: “Over the next nine months, the entrepreneurs will receive online training and mentoring, and will use the skills acquired to develop business plans prior to receiving $5,000* in seed capital. This will bring TEF’s total Programme investment so far to $15 million in direct funding to entrepreneurs and $5.8 million in Programme & technology development and operations.”
“Our beneficiaries have created more than 55,000 jobs and counting, and will convene from across all of Africa’s 54 countries to Lagos this October for the TEF Forum – the largest gathering of African entrepreneurs in the world.”
We all at wastesmart.org say “Congratulations to all 2018 Tony Elumelu Entrepreneurs”.
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