{"id":110770,"date":"2024-03-01T18:39:45","date_gmt":"2024-03-01T17:39:45","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=110770"},"modified":"2024-03-01T18:39:45","modified_gmt":"2024-03-01T17:39:45","slug":"harvard-business-school-launches-tony-elumelu-foundation-case-study","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/harvard-business-school-launches-tony-elumelu-foundation-case-study\/","title":{"rendered":"Harvard Business School Launches Tony Elumelu Foundation Case Study"},"content":{"rendered":"<div id=\"m#msg-f:1792332882613325811\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\">Spotlights Role of African Philanthropy inTransforming the Development Agenda in Africa<\/div>\n<div class=\"mail-message-content collapsible zoom-normal mail-show-images \">\n<div class=\"clear\">\n<div dir=\"auto\">\n<p>&nbsp;<\/p>\n<p>At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development\u00a0finance models,\u00a0Harvard Business School\u00a0today\u00a0released\u00a0a case study\u00a0examining the role and impact of\u00a0the Tony Elumelu Foundation (TEF),\u00a0and its unique approach to catalysing entrepreneurship in Africa.<\/p>\n<p>&nbsp;<\/p>\n<p>The Foundation, Africa\u2019s leading funder of young entrepreneurs, has pioneered an\u00a0innovative\u00a0approach to\u00a0seeding,\u00a0capacitising\u00a0and networking young entrepreneurs across Africa.\u00a0Drawing directly from Tony Elumelu\u2019s\u00a0entrepreneurial journey, his acknowledgement that luck and chance played an important\u00a0role in his success,\u00a0the Foundation democratises luck, spreads opportunity, in a sector agnostic approach,\u00a0and\u00a0has developed a bespoke infrastructure that reaches every country in Africa. The Foundation is a direct expression of Elumelu\u2019s philosophy of Africapitalism, that the private sector must play a\u00a0pivotal\u00a0role in Africa\u2019s development, and that investment must\u00a0seek social, as well as economic returns.<\/p>\n<p>&nbsp;<\/p>\n<p>The case study,\u00a0the\u00a0first of its kind\u00a0focused on African\u00a0philanthropy,\u00a0was\u00a0<wbr \/>launched\u00a0today,\u00a0Thursday, February 29, 2024, before a class of graduate students\u00a0at Harvard Business School\u00a0and exploredthe Foundation&#8217;s unique approaches and transformative initiatives, showcasing how\u00a0the\u00a0strategic philanthropy offered by TEF,\u00a0is drivingpositive change and elevating\u00a0countries and communities.<\/p>\n<p>&nbsp;<\/p>\n<p>The case study recognises challenges the Foundation faces, and its responses,\u00a0as it developed its mission, since founding in 2010.\u00a0The track record is impressive,\u00a0with\u00a0over\u00a020,000 entrepreneurs funded, over a million connected digitally and the development of an impact assessment capacity.\u00a0TEF has\u00a0disbursed over USD$100 million, reaching every African country.\u00a0The Foundation is increasingly\u00a0developing a\u00a0partnership-based\u00a0approach, working with\u00a0institutions\u00a0such as the\u00a0EU, US\u00a0agencies, the\u00a0UNDP, the ICRC, the Ikea\u00a0Foundation,\u00a0and others to develop bespoke programmes focused on fragile states, female entrepreneurs\u00a0and sustainability initiatives.<\/p>\n<p>&nbsp;<\/p>\n<p>Tony Elumelu,\u00a0who spoke\u00a0at Harvard\u00a0said, \u201cTEF\u00a0is creating\u00a0economic hope and\u00a0opportunity for\u00a0African\u00a0entrepreneurs.\u00a0We know that entrepreneurship is the\u00a0solution\u00a0to youth unemployment and insecurity.\u00a0Through the intervention of the Foundation, we\u00a0aretransforming\u00a0our young people,\u00a0giving\u00a0them hope.Collectively,\u00a0all of us can\u00a0resolve\u00a0the challenges that we have on the continent.<\/p>\n<p>&nbsp;<\/p>\n<p>It is wonderful to have had the opportunity to work with HBS, to spotlight our successes, acknowledge the challenges that we have at times faced,\u00a0and provide the opportunity to spread our experience, for the benefit of others.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>The Harvard Business School\u00a0session\u00a0provided\u00a0an opportunity\u00a0to engage in a meaningful discussion on the role of philanthropy in shaping sustainable and inclusive economies.\u00a0As the world grapples with complex challenges\u00a0around demographics, climate and sustainability, the Tony Elumelu Foundation\u00a0model offers\u00a0a fascinating model of how\u00a0strategic philanthropy can be a driving force for positive change.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Spotlights Role of African Philanthropy inTransforming the Development Agenda in Africa &nbsp; At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development\u00a0finance models,\u00a0Harvard Business&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":79554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-110770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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