Women Entrepreneurs in Africa: Apply for the TEF WE4A Program (Up to $5 Million in Funding)!
Calling all Female African Entrepreneurs!
The Tony Elumelu Foundation (TEF) is offering a fantastic opportunity for women entrepreneurs in Sub-Saharan Africa through the Women Entrepreneurship for Africa (WE4A) program.
This program is designed to empower female-led businesses and help them reach their full potential.
What is the WE4A Program?
WE4A is a partnership between the European Union (EU), the Organisation of African, Caribbean and Pacific States (OACPS), the German Federal Ministry for Economic Cooperation and Development (BMZ), and the Tony Elumelu Foundation (TEF). It aims to support women entrepreneurs by:
- Improving their business skills and knowledge
- Providing access to funding and resources
- Helping them connect with mentors and other entrepreneurs
Who Can Apply?
This program is open to female entrepreneurs who are already part of the TEF Alumni network.
You should also have a working product or service and ideally already have customers.
What are the Benefits of the Program?
The WE4A program offers a variety of benefits, including:
- €10,000 grant funding: This grant can be used to help you grow your business.
- 3-month acceleration program: This program will provide you with training, mentorship, and support to help you develop your business skills.
- Potential for additional funding: Up to 15 enterprises with the most high-growth potential can receive additional grant funding of up to €50,000 along with a follow-on growth program for another 3 months.
- Access to a network of mentors and experts: You will have the opportunity to connect with experienced mentors and other entrepreneurs who can provide you with guidance and support.
How to Apply
The deadline to apply for the WE4A program is March 31st, 2024. To apply, click here: [Click Here to Apply].
Program Structure
The WE4A program is a virtual program delivered over 6 months:
- 3 Months Acceleration: This phase focuses on building your business skills through training modules, mentorship sessions, and peer learning opportunities. The program will be delivered via Zoom and an online platform.
- 3 Months Growth Program (Optional): For businesses with high-growth potential, an additional 3-month program provides further technical assistance and support.
Don’t miss this opportunity to take your business to the next level! Apply for the WE4A program today.
Frequently Asked Questions (FAQs)
Q: I’m a female entrepreneur in Sub-Saharan Africa, but I’m not part of the TEF Alumni network. Can I still apply?
A: Unfortunately, the WE4A program is only open to existing TEF Alumni network members. However, the Tony Elumelu Foundation offers other initiatives you might be eligible for. Check their website (https://www.tonyelumelufoundation.org/) for upcoming programs or entrepreneurship resources.
Q: My business is still in the idea stage. Am I eligible for the WE4A program?
A: The WE4A program is designed for businesses with a working product or service and ideally some existing customers. This allows the program to focus on helping businesses grow and scale, rather than develop the initial concept.
Q: How will the €10,000 grant be awarded?
A: Specific details regarding the disbursement of the grant are not mentioned. It’s best to reach out to the Tony Elumelu Foundation directly for clarification on how the funds are distributed.
Q: What are the selection criteria for the additional €50,000 grant and growth program?
A: The program description mentions an expert panel will select businesses with the most high-growth potential. Specific criteria might include factors like market size, scalability, innovation, and potential for job creation.
Q: Will the program be offered in languages besides English?
A: The program details don’t specify if language support is available. It’s recommended to contact the Tony Elumelu Foundation to inquire about potential language options for the program.
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