2023 Funding for Business-Women and Female Entrepreneurs

Tony Elumelu Foundation (TEF) Women Entrepreneurship For Africa (WE4A) 2021 for African Women Entrepreneurs When is the Application Deadline: Ongoing Tell Me About the Tony Elumelu Foundation Women Entrepreneurship For Africa (WE4A): The “Women Entrepreneurship for Africa” (WE4A) program is an action jointly supported by the European Union (EU), the Organisation of African, Caribbean and Pacific States (OACPS) and the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by the Tony Elumelu Foundation (TEF), and the German Development agency GIZ (E4D program). It is focused on empowering underserved communities in Sub-Saharan Africa comprising of women, youth, and the informal sector. The Acceleration/Growth Programme will be implemented with support of SAFEEM (Swiss Association for Entrepreneurship in Emerging Markets). Increasing access to funding, market opportunities, knowledge enhancement, and technical training for women entrepreneurs in Africa. What Type of Scholarship is this? Entrepreneurship Who is Eligible? Female entrepreneurs from the TEF Alumni network(TEF is the sourcing partner for this program and will only source female entrepreneurs from their network). You should have a working product and ideally already have customers. No, the program is open to businesses operating across all business sectors. How will Applicants be Selected? A team of investment analysts will review all applications and conduct any necessary interviews in order to select the startups that have the most high-growth potential. Which Countries are Eligible? All African countries are eligible for Tony Elumelu Foundation Women Entrepreneurship For Africa (WE4A) Where will the Scholarship be Taken? The Acceleration Program is implemented in a virtual environment. How Many Scholarships will be Given? 120 What is the Benefit of the Tony Elumelu Foundation Women Entrepreneurship For Africa (WE4A)? Tony Elumelu Foundation Women Entrepreneurship For Africa (WE4A) is an EU, OACPS and BMZ funded program, that seeks to provide 120 female entrepreneurs from the TEF alumni network, with access to €10.000 in grant funding that will be paired with 3 months of technical support through a virtual acceleration program. The program aims to improve the business capacity of women-led enterprises to increase their chances of raising follow-on funding from private sector investors. Additional grant funding up to €50.000 in conjunction with a growth program will be provided to 15 enterprises selected by an expert panel as having the most high-growth potential. This program will be an additional 3 months. Both the initial acceleration and the follow-on growth programs aim to support women entrepreneurs, in Sub-Saharan Africa, to flourish and contribute to employment creation in their communities through enhanced business capacities, access to formal financial services, and integration into local and regional value chains. How Long will the Scholarship Last? The Tony Elumelu Foundation Women Entrepreneurship For Africa (WE4A) will last for 3 months of acceleration, and if you are selected, it will be followed by a growth program and technical assistance for an additional 3 months. How to Apply for Tony Elumelu Foundation Women Entrepreneurship For Africa (WE4A): Apply Now Goodluck! Visit Award Webpage for Details

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