Introduction
When you are based in Africa (or even looking across to Asia) and you have a business idea or early-stage startup, the question often is: Where can I get funding, training, and the right networks to scale? The Tony Elumelu Foundation (TEF) Entrepreneurship Programme offers a compelling answer. With seed-capital, world-class business training, one-on-one mentorship and access to a pan-African network, this programme is designed to empower entrepreneurs across all 54 African countries.
In this blog post we’ll walk you through:
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Why the TEF Entrepreneurship Programme matters.
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What it offers (seed capital + training + mentorship).
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A comparison of how it stacks up for new vs existing businesses.
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A clear step-by-step guide for applying (especially useful if you’re new).
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Key insights, benefits, and real-world examples.
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A strong structure you can use for your business-plan or pitch document.
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Common mistakes to avoid.
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FAQs.
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A wrap-up with a call to action.
Let’s dive in.
Why this programme is important for African entrepreneurs
The Tony Elumelu Foundation Entrepreneurship Programme (TEEP) is one of the largest philanthropic initiatives on the African continent aimed at empowering entrepreneurs. According to the TEF website, by March 2025 the Foundation had announced its 11th cohort of 3,000 entrepreneurs selected from all 54 African countries.
These entrepreneurs will receive non-refundable seed capital of US $5,000 each, business management training via TEF’s digital platform (TEFConnect), one-on-one mentorship, and access to global networks and investment opportunities.
Why this matters:
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Many African entrepreneurs struggle to access seed funds, good business training and networks.
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By combining funding + training + mentorship + network, TEF addresses multiple barriers together.
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The “all African countries” scope means your nationality is not a limitation (so long as you meet eligibility).
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The standard of training and mentorship gives you more than just cash: you gain capabilities to scale.
If you are in Africa with a business idea or a startup (usually within your first 5 years of operations) then this programme should be on your radar.
What the Programme Offers
Let’s break down the key components of the TEF Entrepreneurship Programme:
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Seed Capital: $5,000 USD non-refundable for each selected entrepreneur.
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Business-Management Training: Delivered via TEFConnect, the online learning platform, covering business plan creation, financials, marketing, growth strategy.
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Mentorship: One-on-one mentoring from seasoned business professionals, helping you refine your business idea, plan, dashboards, and growth path.
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Pan-African Networking & Access: Once selected you get access to a strong alumni network of thousands of entrepreneurs, and exposure to investors, development partners, and markets.
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Training & Support for Existing or Idea-Stage Businesses: The programme accepts both brand-new ideas and existing businesses (within 0–5 years) for scaling.
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Sector-Focus Trends: For the 2025 cycle there is special emphasis on businesses leveraging Artificial Intelligence (AI), the green economy, and more innovative business models.
So in short: it’s comprehensive support for entrepreneurs across Africa.
Comparison: New Start-Ups vs Existing Businesses
To help you understand how the programme distinguishes between idea stage and ongoing business stage entrepreneurs, here’s a comparison:
| Feature | New Business Idea | Existing Business (0-5 years) |
|---|---|---|
| Operational status required | You may apply with just an idea | Your business must already be registered and operating within 5 years |
| Emphasis of training | Transform idea into plan, model, pitch | Scale operations, refine model, expand markets |
| Documentation required | Simpler: no full financials in some cases | More detailed: business registration, financials, tax receipts may be required |
| Seed capital use focus | Build or test prototype, market entry | Expansion, job creation, replication, investment readiness |
| Opportunity for networking | Same full access | Same full access |
| Eligibility timeframe | Idea must meet innovation/usability criteria | Business must not be older than 5 years |
| Best suited for applicant who | Has a strong idea and leadership potential | Has proof of traction and wants to scale quickly |
Step-by-Step Guide: How to Apply (Beginner Friendly)
Here’s a simple roadmap to follow—step by step—to apply successfully for the TEF Entrepreneurship Programme.
Step 1: Check your eligibility & prepare yourself
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Ensure you are a citizen of one of the 54 African countries. TEF is open across all African nations.
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Your applicant profile: at least 18 years old (in many cases).
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You can apply with a business idea or existing business (not older than 5 years) in most cycles.
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Ensure you are ready to commit time for training, mentorship, creating a business plan, and meeting seed-capital requirements.
Step 2: Visit TEFConnect and open your free account
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Go to TEFConnect
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– the official digital hub where applications are submitted.
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Create an account with a valid email, secure password, and fill in your personal profile.
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Explore sample training modules, previous winners’ stories and FAQs on the platform.
Step 3: Prepare required documents & information
You’ll need to assemble:
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Government-issued ID (passport, national ID) showing your full name and photo.
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If you have a business already: registration certificate, tax registration, bank reference letter relating to the business.
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If you only have a business idea: you may still apply—focus on leadership, vision, scalability.
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A concise description of your business idea or business model (what problem you solve, how you solve it, how you make money).
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Your CV/resumé showing your experience, leadership, community contribution.
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Optional: any supporting documents for technology/innovation, green economy, AI if applicable.
Step 4: Fill in the online application form
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Log into TEFConnect, go to the “Entrepreneurship Programme 2025” application link.
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Complete all mandatory fields: personal info, business info, business idea details, sector, estimated revenue/employment, growth plan.
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Fill out the cognitive / business acumen assessment section (if included).
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Upload your supporting documents (ID, business registration, tax, bank letter etc) where required.
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Review and submit before the closing date (for 2025 it was March 1).
Step 5: Training phase
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Once your application is submitted and deemed eligible, you’ll be granted access to the training modules on TEFConnect.
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The training usually covers topics such as business plan development, marketing, finance, growth strategy, leadership.
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You may be required to complete multiple-choice quizzes, submit assignments, and attend mentoring sessions.
Step 6: Business-plan, financials & pitch video submission
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During or after training, you’ll be asked to submit a business plan (using the template provided), financial projections, and often a short pitch video (2-3 minutes) presenting your business or idea.
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Ensure your information is consistent across your application form, business plan, video and bank/business registration documents.
Step 7: Selection & seed-capital disbursement
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Applications that meet the required threshold will be shortlisted. A third-party evaluator (e.g., Ernst & Young) may oversee selection.
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Selected entrepreneurs will be notified and receive the US $5,000 (non-refundable) seed capital into their business bank account.
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The funds must be used in accordance with the programme’s terms (for scaling the business, creating jobs, etc.).
Step 8: Mentorship & network engagement
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After disbursement you will access mentorship from TEF’s pool of mentors. These sessions help you refine operations, strategy, growth and scaling.
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Engage with the TEF alumni network, connect with other entrepreneurs, and leverage opportunities for investment or growth.
Step 9: Implementation, reporting & growth
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Use the seed capital strategically—invest in product development, new markets, marketing, hiring, tech infrastructure, etc.
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Periodic reporting may be required (progress updates, job creation numbers, revenue growth).
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Use the learning and network to attract further funding or investment if needed.
Key Insights, Benefits & Real-World Examples
Here are some of the major benefits of the programme and how entrepreneurs across Africa have leveraged it.
Benefits
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Access to capital that doesn’t need repayment: The seed capital is non-refundable, which reduces risk for you as an entrepreneur.
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Skill-building through training: You do not just get money—you’re equipped with business management knowledge.
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Mentorship, which is often missing in many ecosystems: Having a mentor can help you avoid pitfalls and accelerate growth.
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Pan-African network and visibility: Being a TEF entrepreneur gives you recognition and access to resources beyond your local ecosystem.
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Emphasis on high-growth sectors: Particularly green economy and AI are being prioritized—if you are in those areas you have an edge.
Real-World Examples
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In the 2025 cohort, TEF announced 3,000 African entrepreneurs drawn from all 54 African countries.
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According to one alumnus (2019): “The TEF Entrepreneurship Programme helped me build my first prototype and we started thinking bigger … now we provide solar solutions to over 50,000 homes in rural Tanzania.”
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The programme has since 2015 empowered over 21,000 African entrepreneurs and generated over US$4.2 billion in revenue.
These results show that the programme has both reach and impact—not just a nice idea, but a real engine for growth.
Structure for Your Business Plan / Pitch Document
If you are selected, you’ll likely be required to submit a business plan or pitch. Here’s a simple strong structure you can follow:
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Executive Summary
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One page summary of business idea, target market, innovation/impact, revenue model, ask (seed funding US $5,000).
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Problem & Solution
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What gap or challenge you are addressing in your region or market?
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How your product/service solves it uniquely?
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Market Size & Opportunity
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Size of market, growth potential, customers, competition.
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Business Model & Revenue
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How you will make money (sales, subscription, licensing, etc).
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Past / projected revenues (if existing business).
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Operations & Technology
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How you will deliver your solution: team, tech stack, production, supply chain.
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Growth Strategy & Use of Funding
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How you will use the US $5,000 seed to achieve milestones (job creation, market entry, scale).
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Impact & Job Creation
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Number of jobs you expect to create, social or environmental impact, scalability across Africa.
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Financial Plan & Forecast
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Budget, break-even, revenue forecast, minimum viable product (MVP) stage (if new).
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Team & Leadership
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Your background, key team members, mentors, advisors.
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Risks & Mitigation
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Main risks (market, regulatory, financial) and how you plan to mitigate them.
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Conclusion & Ask
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Summarize why you’re the right person, your readiness, and how TEF support will accelerate growth.
Use this as the base for your submission and adapt to TEF’s templates.
Common Mistakes & How to Avoid Them
Mistake Why it hurts How to avoid it Submitting below-par business idea Your idea may lack scalability or viability Focus on clarity: problem + solution + market size + business model Ignoring training or mentor sessions You’ll miss out on major value and may drop out Commit time for training modules and mentorship at the beginning Incomplete or inconsistent documents Upload errors or mismatches can disqualify you Double check all uploads (ID, registration, bank ref) and ensure consistency Weak leadership or lack of personal story TEF values the person as much as the idea Use your CV to show leadership, initiative, community involvement Waiting until last minute Technical issues or incomplete form submission Begin well ahead of deadline, save progress on TEFConnect, gather documents early Not planning seed-capital use Without a plan the $5,000 may not yield impact Create a clear 12-month action plan with milestones for funds usage Avoiding these mistakes significantly increases your chance of success.
Frequently Asked Questions (Concise)
Q1: Is this programme open to all African countries?
Yes – the TEF Entrepreneurship Programme is open to entrepreneurs from all 54 African countries.Q2: What is the application deadline for the 2025 programme?
For the 2025 cycle the programme opened early (January) and had a deadline of March 1, 2025.Q3: Do I need to repay the seed capital?
No – the seed capital is non-refundable. The Tony Elumelu FoundationQ4: Can I apply if I only have a business idea (and no registered company yet)?
Yes – you can apply with an idea. Where a business exists it must not be older than five years.Q5: Are sectors like green economy or AI prioritized?
Yes – for 2025 there is special emphasis on businesses leveraging AI and green initiatives.Q6: What do I need to do after being selected?
You complete training modules, submit business plan/financials, attend mentorship, receive funds, implement your business growth plan, and engage with the network.
Conclusion & Call to Action
If you are an entrepreneur in Africa with a vision to grow an idea or scale a fledgling business, the Tony Elumelu Foundation Entrepreneurship Programme offers one of the most powerful launchpads: seed capital, comprehensive training, mentorship, and access to a pan-African network.
The steps are clear. The support is real. The opportunity is yours. Start early, prepare diligently, and present your story and business with confidence.
“Your business idea could be the one that transforms your community, creates jobs and uplifts your continent. The $5,000 is just the beginning — your ambition, leadership, and execution will turn it into reality.”
Ready to apply? Visit TEF’s official site and get onto TEFConnect today. Make this your moment.
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