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Nigeria
Thursday, September 23, 2021

APPLY: 2021 Tony Elumelu Foundation Women Entrepreneurship Program

The “Women Entrepreneurship for Africa” (WE4A) program is an Action jointly supported by the European Union (EU), the Organisation of African, Carribbean 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 part of the ‘EU Action for Financial inclusion, Access to Finance and Knowledge Management for ACP countries, focusing on the underserved: women, youth and informal sector’.
 
The program seeks to provide 120 women entrepreneurs from the TEF alumni network, with access to €10.000 in grant funding that will be paired with 3 months of technical support through a virtual acceleration program.
  • Host: Tony Elumelu Foundation
  • Category: Training | Fellowships
  • Eligible Country: Nigeria
  • Reward: Grant | €10.000
  • Deadline: Not Specified 
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Details

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 for up to 15 enterprises selected by an expert panel as having the most high-growth potential.
 
Both the initial acceleration and the follow-on growth program 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.
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Scholarship Requirements

In order to be eligible to apply for the fund, applicants must:

  • Female entrepreneurs from the TEF Alumni network.

TEF is the sourcing partner for this program and will only source female entrepreneurs from their network.

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.

Programme Features

The growth program will only be open to the top 15 high-growth startups and is designed to help startups build a Growth Team and implement a Growth Methodology in order to support scaling up the venture and raise Series A and beyond. Grant of up to €50,000 will be a growth capital that is needed to scale up.

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Method of Application

Interested and qualified applicants should use the link below to apply for the program. 

Deadline: Not Specified

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