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From Forbes. Story by Mfonobong Nsehe.

Nigerian billionaire investor and philanthropist Tony Elumelu has committed $100 million to create 10,000 entrepreneurs across Africa over the next 10 years.

Elumelu made the commitment public Monday at a Lagos  press conference to announce the launch of The Tony Elumelu Foundation Entrepreneurship Programme.

A Pan-African entrepreneurship initiative of the Tony Elumelu
Foundation, the entrepreneurship program is a multi-year program of training, funding, and mentoring, designed to empower the next generation of African entrepreneurs.

The program will identify and help grow 10,000 start-ups and young businesses from across Africa over the next 10 years. These businesses are expected to create 1 million new jobs and contribute $10 billion in annual revenues to Africa’s economy.

The 10,000 start-ups selected from a pool of applicants across Africa will participate in a comprehensive program which will include a customized 12-week business skills training course, mentoring, an entrepreneurship ‘boot camp’ and seed capital funding among other things.

Interested entrepreneurs will be able to submit their applications to join the program in January 2015 through the Tony Elumelu Foundation’s website.

“It is our opportunity to empower a generation,” Elumelu said in a prepared statement.

More details about the program, including eligibility and the application and selection processes are available on the Tony Elumelu Foundation website at www.tonyelumelufoundation.org/TEEP.

Read more at Forbes.