Tony Elumelu Foundaton Entrepreneurship Programme (TEEP) 2019 for young African Entrepreneurs (5th Cycle of $100m Entrepreneurship Programme)

                                             


Application Deadline: March 1st, 2019.

The Tony Elumelu Foundation, The leading African-funded and founded philanthropy committed to empowering African Entrepreneurs, is now accepting applications for the 2019 cohort of the TEF 5th cycle of $100m Entrepreneurship Programme.


The Foundation flagship initiative, the TEF Entrepreneurship Programme, is a 10-year, $100 million commitment to identify, train mentor and fund 10,000 entrepreneurs capable of changing the face of business across Africa.

Eligibility Requirements:

The programme is open to all citizens and legal residents of any one o  f the 54 African countries.
The proposed business must be registered and operate in Africa.






Funding

Upon completion of the 12 week start up Entreprise Toolkit (learning) programme, certification of submited business plan, provision of required documentation, business bank account, among other requirements, entrepreneurs will qualify for the first stage non- refundable seed capital of $5000 (terms and condition apply.

Tony Elumelu Entrepreneurs who successful complete the programme  by meeting requirements and deadlines will be eligible for funding. there two stages of funding available for entrepreneurs:

First stage seed capital of $5,000 (based on the official Central Bank of Nigeria exchange rate) _ a non returnable investment. please see terms and condition for Clarification.

Second stage capital returnable investment - entrepreneurs will apply and considered for this based on the viability of their business.


Selection Criteria:

All application will be judged on 5 core criteria, which are:


-Feasibility of the business idea.

-Market Opportunity: knowledge and understanding of the market, customers and competitors of their idea/business.

-Financial Understanding:Understanding of the basic financial requirements of running a business, costs and revenue.

-Scalability: Demonstrates potential for replication and growth of their product and service to create job and wealth.

-Leadership Potential and Entrepreneurship Skills: Demonstrate leadership potential, capable of attracting people, customers and resources.

Application Process:

All application must be submitted ONLINE through the application platform TEF Connect, you must complete an application form by answering a series of mandatory questions.

After the submission, you will recieve confirmation email of receipt with 1 working day.

Applicants can apply on TEFConnect- www.tefconnect.com-the largest digital networking platform for African Entrepreneurs.

For more information:




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