Tony Elumelu Foundation Postpones its Entrepreneurship Programme and TEF Forum until 2021
Tony Elumelu Foundation, the leading African Initiative that provides funds to deserving African businesses has decided against continuing with the programme this year. This step is taken in the wake of the global health pandemic, Covid19. However, this decision does not invalidate the already submitted applications.
In the Newsletter they sent to applicants’ email, they explained the conditions that forced them to take the unpleasant but necessary actions. The email reads:
“Start by doing what’s necessary; then do what’s possible; and suddenly you are doing the impossible.’’ Francis of Assisi
Like most of you, we have been monitoring news of the emergence and increasing incidence of Coronavirus (COVID-19) across Africa. In response to the current crisis resulting from the coronavirus pandemic, the entrepreneurship-focused African philanthropy, the Tony Elumelu Foundation, has announced the difficult decision to postpone the 6th edition of its Entrepreneurship Programme and the TEF Forum until 2021. Given the paramount importance of public health and safety, this sadly is the only appropriate course of action.
Those of you who have applied for the 2020 TEF Entrepreneurship Programme and have been advised to proceed to the next stage, will continue with the process in 2021 and will not need to re-apply. The Foundation will double its own commitment to select 2000 entrepreneurs (1000 entrepreneurs for 2020 cohort and 1000 entrepreneurs for 2021 cohort) instead of annual selection of 1000 entrepreneurs. Thus, there will be no lost opportunities for the 2020 applicants to the programme.
In addition, the Tony Elumelu Foundation will provide free training on TEFConnect. This includes access to the 12 weeks enterprise toolkit as well as targeted business clinics on special topics. We will work with policymakers, governments, and development finance institutions to catalyse additional support for African entrepreneurs post coronavirus. TEFConnect will also host critical information around the pandemic to safeguard the health and safety of all Africans, as well as curate impact stories from African entrepreneurs creating innovative solutions to tackle the coronavirus outbreak.
We encourage everyone to focus on safety and wellbeing first. Find below a quote from our founder to encourage us to be true entrepreneurs and leaders during this period.
A true leader is one who remains committed to a higher purpose than most others do not yet see. I have studied great people and one common thing I found among them is Legacy. Tony Elumelu
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The Tony Elumelu Foundation has empowered 9360 entrepreneurs from 54 African countries since its inception. The yearly programme is scheduled to take around 1000 entrepreneurs this year before the incidence of Covid19 global pandemic forced them to close their operation this year.