Applications to the Tony Elumelu Foundation Entrepreneurship Progrmme (TEEP) are now open. TEEP is the $100 million flagship entrepreneurship programme of the Tony Elumelu Foundation, founded by the entrepreneur, respected investor and philanthropist Tony Elumelu. The mission is to identify and grow 10,000 African Entrepreneurs, create one million jobs and add $10 billion in annual revenue across Africa over the next decade. The programme is opened to young compelling business with strong market feasibility, clear financial models and run by capable teams.
WORTH
- The programme will support selected entrepreneurs through the the 7 pillars if TEEP, a frame work that includes:
- Start-up enterprise Toolkit
- Mentoring
- Resource Library
- 2-Day Boot Camp
- Seed Capital Funding- 1000 applicants will be selected annually to receive up to $10,000 seed capital
- Elumelu Entrepreneurship Forum
- Alumni Network
ELIGIBILITY
- All Africans with start-up businesses operating in Africa who are aged 18 years and above, and who must not be considered a minor in their country of residence
- Must have legal right to work in the African country where the business is located
- Proposed business must operate in Africa and applicants must be legal residents of any one of the 54 African countries.
- All businesses must be business ideas or an early stage company, in the range of 0-3 years from date of registration
- Business must be for profit, focused on one business only and must be the original work of those making the submission
- All successful applicants must be available to commit the annual programme cycle from April to December once accepted or will be dropped from the programme.
- A progrmme cycle commitment of April to December equates to completing the start-up enterprise toolkit; submission of regular narrative progress reports, participation in the Boot Camp and the Elumelu Entrepreneurship Forum in Lagos, Nigeria and development of a comprehensive business plan
- Request for any proposed long term absence from the programme must be agreed to by the promoter in writing prior to the applicant taking the time out of the programme and shall only be allowed in extraordinary circumstances. Request shall however be assessed by the promoter in a case-by-case basis
DEADLINE: 1st March, 2015
To apply and for more information visit here
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I’ve been doing business for some time. I have valuable ideas an emerging client base but lack funding to fuel the take of from the ground. I hope Mr. Tonny Elumelu can help us.
I’ve been doing business for some time. I have valuable ideas an emerging client base but lack funding to fuel the take of from the ground. I hope Mr. Tonny Elumelu can help us.