Home Africa $ 10,000 in funding (Tony Elumelu Entrepreneurship Program 2019.

$ 10,000 in funding (Tony Elumelu Entrepreneurship Program 2019.

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Deadline: 31 Mar,2019    Next term Starts:: 01 Jan,2019

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About.

Tony Elumelu Entrepreneurship Program (TEEP) is an initiative of Nigeria’s Philanthropic business magnate ,Tony Elumelu who is on a mission to fund Africa’s young entrepreneurs to a tune of $ 1 billion  in a period of 10 years .Every year he funds 1000 African young entrepreneurs with $ 5,000 seed investment each which is non returnable investment.

TEEP is a 12 week program that involves rigorous entrepreneurial training on business management alongside mentor-ship on creating an effective business plan and ensuring business progress.

TEEP provides a funding of $ 5,000  as seed investment which is a non returnable investment. Young African entrepreneurs who will be selected will also have access to an extra $ 5,000 as convertible loan making it a funding opportunity of $ 10,000 in total.

For candidates to be selected they will have to attend the  tailored 12 week entrepreneurial program and submit a business plan plus a bank account.

 

Awards and Benefits.

  • Access to a seed investment of $ 5,000 with 0% equity requirement.
  • Access to an additional non convertible loan of $ 5,000
  • Access to a 12 week entrepreneurial training program.
  • Mentorship from business leaders and TEEP Alumni.
  • A trip to Lagos, Nigeria for the Tony Elumelu Entrepreneurship Forum 2019.
  • Access to a network of the selected 1000 African Young entrepreneurs.

 

Eligibility and Criteria

  • Is your idea feasible ? Can it be adoptable.
  • Demonstrate that you have the knowledge and understanding to run the business your proposing.
  • Demonstrate that there’s a market for your business idea and you have a grasp of competitors and customers.
  • Demonstrate that your business has the potential to scale and grow in order to create jobs and wealth.
  • Demonstrate that you posses Leadership skills and that you will be able to attract people , customers and generate revenue.
  • Demonstrate some level of financial understanding of your business idea.

 

How to Apply

To apply please click here.