The Tony Elumelu Foundation announces TEEP 2016, the second annual round of the $100m Tony Elumelu Entrepreneurship Programme (TEEP) for emerging African entrepreneurs.

        • In 2015, TEEP empowered 1,000 African entrepreneurs, selected from over 20,000 applicants, with start-up investment, active mentoring, business training, an entrepreneurship boot camp and regional networking across Africa.
        • Entrepreneurs, with an average age range of 21-40, from 51 African countries completed the programme and received $5,000 in seed capital for their start-up businesses.
        • The Tony Elumelu Foundation invested a total of $4,860,000, including $1,405,000 in agriculture; $410,000 in education and training; and $365,000 in manufacturing.  The sector-agnostic programme funded start-ups across a further 20 industries, all based in Africa.

TEEP opens for entries at 00:00am WAT on 1st January 2016 and will accept applications uTONY ELUMELU ENTREPRENEURSHIP PROGRAMMEntil midnight WAT on March 1st, 2016.  To be eligible, entrepreneurs must complete the online application form with questions on their background, experience and business idea, plans for growth and proposed pan-African impact.  Further guidance and application procedures can be found on the online portal:

Applications are reviewed by an Advisory Board of distinguished African entrepreneurs.

The Tony Elumelu Entrepreneurship Programme is open to citizens and legal residents of all 54 African countries.  Applications for 2016 open on 1st January and can be made by any for-profit business based in Africa in existence for less than three years, including new business ideas.

To stay informed about The Tony Elumelu Foundation Entrepreneurship Programme, including the 2015 selection of African Entrepreneurs, visit and follow @TonyElumeluFDN on Twitter and join the conversation #TEEP2016

For media enquires, contact:

You can watch Tony Elumelu speak on Entrepreneurship, Economic Opportunities and Job Creation at The White House in this video:

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