Tony Elumelu Foundation has indicated that over 5000 startups have applied for its incubator program within three weeks of its commencement.

Majority of the applications, according to Disrupt Africa, are from applicants in Nigeria, but the Foundation is looking forward to participation from other African countries.

The foundation’s official twitter page indicated that they have received applications from 35 Nigerian states.

According to TEF, “We would like to engage the East, South, North African regions and Francophone countries more, and also mobilise more women to apply.”

The percentage of female applicant is said to be about 25% of the total applications received.

On the sector with the most application so far, the foundation indicates that the agricultural sector makes for 16% of the total applications, followed by the educational sector.

Application for the program commenced on the 1st of January, 2015 and will end on March 1, 2015. The foundation will be seeking to mentor and provide seed capital to a total of 1000 startups through this program.

Previously, TechCabal published a report on the modalities for application into the Tony Elumelu Foundation Entrepreneurship Program.

Lulu Fadoju Author

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