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).
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.
About Tony Elumelu Foundation
The Tony Elumelu Foundation (TEF) was founded in 2010 by Tony O. Elumelu, CON, an entrepreneur, investor and philanthropist who is passionate about Africa’s economic development. About Us Programme Alumni Impact Media TEF Connect TEF Forum We are an African private-sector-led philanthropy empowering African entrepreneurs. The Tony Elumelu Foundation (TEF) was founded in 2010 by Tony O. Elumelu, CON, an entrepreneur, investor and philanthropist who is passionate about Africa’s economic development.
Aim and Benefits of Tony Elumelu Foundation Women Entrepreneurship Program
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.
- €10,000 in grant funding to 120 women entrepreneurs from the TEF alumni network.
- 3 Months of technical support through a virtual acceleration program.
- Up to €50,000 additional grant funding for up to 15 enterprises with high-growth potential.
Requirements for Tony Elumelu Foundation Women Entrepreneurship Program Qualification
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.
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.
How to Apply
Interested and qualified? Go to CLICK HERE to apply
For more details, click here