Elumelu Foundation Selects 1,000 Entrepreneurs with Innovative Biz Ideas

Out of more than 150,000 Africans from 114 countries worldwide that applied to join the 4th cycle of The Tony Elumelu Foundation’s, TEF, 10-year, $100 million TEF Entrepreneurship Programme, the Foundation, on Thursday, has announced that selection of 1,000 African entrepreneurs with the most innovative, high-potential business ideas.

Also the 2018 cohort includes an additional 250 entrepreneurs to the standard selection of 1,000, via $1,000,000 partnership with the International Committee of the Red Cross, ICRC, to support 200 entrepreneurs in conflict and fragile zones of Nigeria (the North East where the Boko Haram scourge is felt and the Niger Delta region which suffers environmental degradation from oil spillage), a $200,000 agreement with the United Nations Development Programme, UNDP, to support 40 pan-African entrepreneurs; and a $50,000 partnership with Indorama to support 10 Nigerians.

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