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Tony Elumelu Foundation (TEF) invites application for the Tony Elumelu Foundation Entrepreneurship Programmme 2020. Tony Elumelu Entrepreneurship Programme (TEEP),the flagship programme of The Tony Elumelu Foundation is offered to African young entrepreneurs.
The Foundation has open Applications for the 2020 TEF Entrepreneurship Programme on January 1, 2020 and has announce that successful applicants will join the over 9,000 current beneficiaries, from 54 African countries, and receive business training, mentoring, a non-refundable $5,000 of seed capital, and global networking opportunities.
Last year, the Foundation received about 216,000 applications, with 42% coming from women entrepreneurs, from every country on the continent.
The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 young African entrepreneurs.
Who Can Apply For TEF Entrepreneurship Programme
Applicants must have a business idea or a startup not above 3 years of existence in any sector and any African country. The programme is competitive and there will be selection of 1,000 entrepreneurs from 54 countries in Africa.
While about applying for the Tony Elumelu Foundation (TEF) Entrepreneurship Programme, cross through the strategies to apply for the tony entrepreneurship programme. As we have outlined ways on how to apply for the Tony Elumelu entrepreneurship programme
improve your chances of selection for the entrepreneurship programme. Knowing well This preparation tips and strategies is what you need to improve your chances and be a selected.
Who are Selected
Judges will select startups or business idea that have feasibility, scalability, and potential for growth of the product/service, among others. Your businesss plan need to be well outline this is a good way to improve your chances of selection as a startup.
Benefits and Values
What do you as a startup entrepreneurs stand to gain
- $5,000 non-refundable seed capital
- Business Training
- Global Networking Opportunities
if you need to stand out. there are ways to improve your chances of selection for Tony Elumelu Entrepreneurship program.
The Entrepreneurship Programme is a 10-year, $100 million commitment to identify, train, mentor, and fund 10,000 African entrepreneurs.
Possess Startup Idea/Business
Majorly startups base their ideas/plans on one of these business
- Education and Training
- Professional Services
Strategies to Apply for Tony Elumelu Entrepreneurship Programme
The entrepreneurs with good feasible startup ideas or business is what the judges seek and the foundation select those applicants.
Create a Business Plan
If you want to be selected this is one tool required to access the grants. while applying for the entrepreneurship programme as startups, submit a well developed business plan that is already written
-you improve your chances of selection for the Tony Elumelu Entrepreneurship programme selection.
There is a big difference between you own business, plans and a copied business judges can tell so do ensure it’s your own idea or business.
Make Your Story Known
What do you want to be known for what made you start the business or have the idea. Your story tells if your idea is original or a copied idea. You don’t need to pretend.
Clearly Describe Your Idea Or Business Plan
Be sure to clearly state detail of your business plan or idea such that every aspect of the business or idea (i.e. description, market, customer acquisition, financials etc.) is fully covered.
Submit Required Business Information/Documentation
If you already have a business you are required to submits details and copies business document
Meet 2019 Winners of Tony Elumelu Entrepreneur Porgramme
This is a way to connect with winners and get some vital information and details that can help you strategize well . You may connect through social media-facebook, twitter, linkedIn. But if you have any winner around you meet such person.
Meet 2019 Winners of Tony Elumelu Foundation (TEF) Entrepreneurship Programme
- Fethi Bouzourine – Manufacturing
- Kofi Oghenerukevwe Henrietta- ICT
- Remita Nora Otieno- Professional Services
- Hattou Mohamed Hakim- ICT
- Celestin Ulrich Loumingou- Education And Training
- Abdulai Odunayo Hiqmat- Healthcare
- Kolade Ogunola Vincent, Agriculture- (Agri-Business, Farming)
How To Appy For Tony Entrepreneurship Programme TEEP
Here we have outlined how you can apply for the entrepreneurship progamme do follow the steps and strategies to apply when you are ready to start application.
Steps to Apply for Tony Elumelu Entrepreneurship Programme
Step 1. Fill all personal information correctly where required by the foundation.
Information required here are your names nationality, language you are most fluent, date of birth, nativity, medical fitness, and gender
Step 2. Submit your Contact Details
Here details of your address, city/town, postal code, country, state/province/region, email, mobile number and a Skype ID are expected of you to be filled correctly. You may need to create a skype account to submit this id since LinkIn ID is not the platform ID requested. This is used for video interview when needed.
Step 3. Education Details
Please make no mistake here submit your recent/highest education details and fill in your major/field of study
Step 4. Social Media Accounts
The foundation will love to see if you are a leader that is social and impact others. you may find leaders who have pages that are used to impact others with their ideas while some have accounts that displays their products and service if you do have this then its a plus to show that you are on path to success. You will need to submit your social media-facebook and LinkedIn account details, yes this is one of the requirements while applying
Step 5. Your Business Profile
Tell the foundation about your business by filling the giving form and submit all the details required in the box. Do leave any unanswered and do make sure you sincere and describe your business profile correctly.
Step 6. Company Structure
Every business has structure and operation model. either sole proprietorship. partnership, corporation etc and the organogram/roles everyone perform. So what do they want from you? simple, you need to tell them if your business is registered with CAC, your role in the business, number of employees the business have and if full time or parttime. Go straight and provide the answers.
Step 7. Potential
Who does not have a competitor? even the tiny toothpick business have competitors so you need to identify your competitors and how you will generate revenue in your business. Don’t forget to provide information about your marketing strategy.
Step 8. Finance
Any business that seeks to exist must look toward breakeven. Your finance records on your business are required if you already have a business. But if you have ideas or you have a business plan that have record and when to breakeven. carefully provide this information because this way they will know if your business can strive and exist when others fail and crumble. Do provide as much information that is required to make you stand out and be selected.
Step 9. Impact
Think critically and provide your best responses in this section because they will need to know your purpose this tell if you are worth selection.
Step10. Attestation and Reference
This is the final application process step. you will need to provide information on how you heard about TEEP, submit two references-here you will need to provided information about your references so do ensure to provide the best references preferable a business mentor you are in contact with and has business grown with impacts in your country. Do ensure they know you well enough and be available to answer any question about you.
Wish you the very best in your application
Apply for Tony Elumelu Foundation Entrepreneurship Programme 2020
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