The Tony Elumelu Foundation (TEF), is now accepting applications for the 2017 Tony Elumelu Entrepreneurship Programme (TEEP) ($100m Pan-African entrepreneurship initiative ) for for Young African Entrepreneurs with business ideas that can transform Africa.

Successful applicants will join the third cycle of the TEF Entrepreneurship Programme, TEF’s 10-year, $100 million commitment to train, mentor and fund 10,000 African entrepreneurs in every African country. Since inception in 2015, the Programme has assisted nearly 2,000 entrepreneurs and created hundreds of jobs across the continent.

Open: To startups and Entrepreneurs from all the 54 African Countries – For Africans based in Africans
Worth: $100M for 10,000 Startups/Entrepreneurs

Eligibility Requirements:
To be eligible:
Business must be based in Africa
Business must be for profit
Business must be 0-3 years’ old
Applicants must be at least 18 and a legal resident or citizen of an African country
Benefits
The Programme provides critical tools for entrepreneurial success, including:
Training:12 weeks of intensive training on setting-up and managing businesses
Mentoring:A mentor will guide successful applicants in creating a robust business plan
Seed Capital:$5,000 in non-returnable seed capital and access to a $5,000 convertible loan
Funding:
All entrepreneurs who successfully complete the 12-week Start-up Enterprise Toolkit (learning) programme, submit a business plan for review, as well as required documentation and a business bank account will qualify for the first stage non-refundable seed capital of $5,000.

Funding Options:
All start-ups who successfully complete the programme will be eligible for funding. There are two stages of funding available to start-ups:
First stage seed capital funding of $5,000 – a non-returnable investment dispersed at the 12-week start-up enterprise toolkit (learning) programme, upon submission and review of a business plan. Please see Terms and Conditions for clarification.
Second stage capital ‘investment’ of $5,000 – for qualifying startups that have progressed their business plans sufficiently. This is structured as a convertible loan.
Judging Criteria:
All applications 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 for their idea/business.
Financial Understanding: understanding of the basic financial requirements of running a business, costs and revenues.
Scalability: Demonstrates potential for replication and growth of their product or service to create jobs and wealth.
Leadership Potential and Entrepreneurial Skills: Demonstrate leadership potential, capable of attracting people, customers and resources.

1,000 entrepreneurs will be selected based on the viability of their idea, including: market opportunity; financial understanding; scalability; and leadership and entrepreneurial skills demonstrated in the application.


How to Apply

CLICK HERE http://tonyelumelufoundation.org/programme/

Nice one. At least TOE is giving back to the society. It is left for the beneficiaries to properly manage their businesses in a profitable and sustainable manner.

wetin I wan even talk sef??this country don even block person brain ..i don't even know how to think again,

Me no be entrepreneur oh(yet) therefore I have nothing to say than to wish the participants the best of luck, hopefully one day you'll be able to transform the almost deformed image of this continent.

#Sai Tony Elumelu

all this cash all for a program....who pays?

I smell advance rob peter to pay Paul strategy

Only the rich benefits this

Dat good

kingmekus:
r

Which one is "r" again

God Bless you Tony Elumelu

SammieLowkey:
.

Which one is "." again?

Did you lose money to MMM?

Nonsense

shamecurls:




Which one is "r" again

R is for Rabbit

Atiku2019:
.

Atiku sef gives a "." to a robust topic like this? More reason why you
cant be a class captain come 2019

OK. JAH bless yauh #T.E

zubinike:
all this cash all for a program....who pays?

.
Izzit ya money? Warris ur consignment dia?

kingmekus:
R is for Rabbit

G

shamecurls:



Atiku sef gives a "." to a robust topic like this? More reason why you cant be a class captain come 2019

Space Booking

shamecurls:



Which one is "." again?

Did you lose money to MMM?

Which one be say u rush catch me.. U be anti space booking police

shamecurls:


Which one is "." again?
Did you lose money to MMM?

sorryment oh, uncle sammy...you too put hope there? he no go reach you nah....for this padi padi package

SammieLowkey:
.
Izzit ya money? Warris ur consignment dia?

Where are the dangotes and otedolas?

zubinike:
sorryment oh, uncle sammy...you too put hope there? he no go reach you nah....for this padi padi package

Lol.. I did nohr aff interestment dia o

At least not yet

Who can enlighten me more about the programme?

Cool stuff.
I should participate in this one this time around

Nice one

I don't get that part of non refundable $5000 .

is there anyone on the forum who has benefitted from this program? please tell us the modus operandi especially how the foundation recoups its investment. thanks

Cool one. All entrepreneurs in the house should utilize this opportunity. Especially startups. Be blessed Mr. Elumelu for giving back.