Tony Elumelu Foundation Entrepreneurship Programme is opening doors for young entrepreneurs in Cape Verde, offering a unique opportunity to turn innovative ideas into sustainable businesses. This internationally recognised programme aims to boost economic development in Africa by supporting startups and small businesses. With a practical approach and financial resources, the initiative promises to be a catalyst for the growth of the entrepreneurial ecosystem in the country.
What is the Tony Elumelu Foundation Entrepreneurship Programme?
Created in 2015, the programme has already supported more than 15,000 entrepreneurs in 54 African countries, including Cape Verde. The aim is simple: to provide training, mentoring and funding so that young people with promising ideas can realise them. Each selected participant receives an initial investment of 5,000 dollars, as well as access to a network of mentors and networking opportunities.
Benefits for Cape Verdean Entrepreneurs
Successful candidates will have access to
- Specialised training in business management, marketing and finance.
- Personalised mentoring with entrepreneurship experts.
- Non-reimbursable financing to get the project off the ground.
- Integration into a global network of entrepreneurs and investors.
How to apply?
The application process is simple and entirely online. Those interested must fill in a detailed form, presenting their business idea and demonstrating the potential for impact on the community. Selection is based on criteria such as innovation, viability and scalability of the project.
Expected impact in Cape Verde
With the participation of more Cape Verdean entrepreneurs, an increase in job creation and diversification of the local economy is expected. Sectors such as tourism, sustainable agriculture and digital technologies are particularly encouraged, in line with the country's development priorities.
Deadline and Application Link
Applications for the 2026 edition are open until 1st March 2026. Don't miss this opportunity to be part of a community that is changing the future of Africa. To apply, visit: tefconnect.com
This programme is more than funding; it's a platform for turning dreams into reality. If you have an innovative idea, apply and be part of this journey to success!
