More than 151,000 Africans from 114 countries worldwide applied to join the 4th cycle of The Tony Elumelu Foundation’s 10-year, $100 million Entrepreneurship Programme. Today, the Foundation announced the 1,250 African entrepreneurs with the most innovative, high-potential business ideas.
See the full list of selected entrepreneurs HERE.
The 2018 cohort includes an additional 250 entrepreneurs to the standard selection of 1,000 thanks to a $1,000,000 partnership with the International Committee of the Red Cross (ICRC) to support 200 entrepreneurs in conflict and fragile zones of Nigeria, a $200,000 agreement with the United Nations Development Programme (UNDP) to support 40 pan-African entrepreneurs; and a $50,000 partnership with Indorama (an Asian-based company with operations in West Africa) to support 10 Nigerians.
In the next nine months, the 2018 Tony Elumelu Entrepreneurs will be trained and mentored and will use the skills acquired to develop a business plan; after which they become eligible to receive $5,000 in seed capital to develop their business concepts.