Fully-Funded Tony Elumelu Foundation Scholarship: How To Apply

In the dynamic landscape of African entrepreneurship, the Tony Elumelu Foundation Scholarship stands out as a beacon of support for aspiring and emerging business leaders. This fully-funded program provides a comprehensive package of resources designed to empower entrepreneurs with the tools they need to kickstart and expand their ventures.

Eligibility Criteria:

The Tony Elumelu Foundation Scholarship is open to individuals who meet the following criteria:

  • African entrepreneurs with a business idea or an existing business less than 3 years old.
  • Applicants must be 18 years or older.
  • Citizenship in one of the 54 African countries.

Scholarship Components:

Successful applicants of the Tony Elumelu Foundation Scholarship can expect a robust support system that includes:

  1. $5,000 Grant: A financial boost to cover crucial startup or growth expenses.
  2. Mentorship: Guidance from seasoned entrepreneurs who bring invaluable experience to the table.
  3. Business Training: Access to targeted training programs to enhance business acumen.
  4. Networking Opportunities: A platform to connect with like-minded individuals and potential collaborators.

Application Process:

To embark on this transformative journey, follow these steps:

  1. Create an Account: Start by registering on the TEFConnect website.
  2. Online Application: Complete the application form, providing details about your business idea or existing venture, educational background, and work experience.

Application Timeline:

The Tony Elumelu Foundation Scholarship is an annual opportunity. For the 2023 cycle:

  • Application Period: March 1 to March 31.
  • Results Notification: Successful applicants will be informed of the outcome in June 2023.

What to Expect if Selected:

If chosen for the scholarship, entrepreneurs can anticipate a range of benefits:

  • $5,000 Grant Utilization: Flexible use of the grant to cover essential business costs.
  • Mentorship Impact: Personalized guidance to refine business plans and strategies.
  • Business Training Access: Develop skills critical for navigating the entrepreneurial landscape.
  • Networking Possibilities: Forge connections with a diverse community of entrepreneurs and potential collaborators.


The Tony Elumelu Foundation Scholarship is not just a financial award; it’s a comprehensive program designed to nurture the next generation of African entrepreneurs. By offering financial support, mentorship, and access to essential resources, the foundation is sowing the seeds for sustainable and impactful businesses across the continent. As the application window opens, aspiring entrepreneurs are encouraged to seize this opportunity for growth and success. Apply, innovate, and become part of a network that is reshaping the future of African entrepreneurship.

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