Here are the Top 4 Major Reasons Why People Don’t Win the $5000 Grant of Tony Elumelu in Africa

1. No Unique story: If you have a good idea and no good story of leadership, competence, or emotional logic to back up the idea or business, you will not be selected.

2. No Unique Value proposition: If you are doing what every other person is doing in your industry and you are not bringing any new way of doing the business. You will not be selected. Your idea must be feasible and scalable. Infusing technology into your idea or business makes it attractive to them. E.g Website, mobile app or any technology that can drive your processes.

3. Unrealistic Financials: If you cannot articulate in accurate figures what you are selling, how you are going to make money and all the cost associated with it and the profit behind it. You are not going to be selected.

4. No/low Impact: This is very important in this Grant, your business must have direct and indirect impact. You stand a better chance if you are going to impact 100s, 1000s or millions of people with your idea/business.

Actually. That's not all

Tony and the foundation are ruthless when it comes to stealing ideas

They steal ur ideas and say its nt good enough.

Then invest on that same idea because the money is available.

Believe this
Dont believe this
Fact remains.

Natbrowny:
Actually. That's not all

Tony and the foundation are ruthless when it comes to stealing ideas

They steal ur ideas and say its nt good enough.

Then invest on that same idea because the money is available.

Believe this
Dont believe this
Fact remains.

Very true