Published byThe Tony Elumelu Entrepreneurship Programme (TEEP) is a yearly programme launched by one of Nigeria’s business tycoon Mr. Tony Elumelu via Tony Elumelu Foundation (TEF).
The program launched in 2015 is aimed at providing 10,000 USD seed funding for entrepreneurs across Africa. Every year, the programme selects 1,000 entrepreneurs across Africa from a pull of over 50,000 applicants.
Every year, the programme selects 1,000 entrepreneurs across Africa from a pull of over 50,000 applicants. Each application is carefully reviewed by business experts in the industry and winners are selected based on market feasibility, clear financial models and a capable team to run the business.
General Requirements
To be eligible:
All applications will be judged on 5 core criteria, which are:
Required Information to supply once Your business is selected
If Applicants are offered a place in the Programme, Applicants will be expected to:
Application Opening and Closing Date
January 1st - March 1st
How to apply for the programme?
All Applications must be submitted ONLINE through the APPLICATION PORTAL via https://www.tonyelumelufoundation.org/application-process You must complete an application form by answering a series of mandatory questions and uploading additional documents and identification materials. After submission, you will receive a confirmation email of receipt within 1 working day.
The program launched in 2015 is aimed at providing 10,000 USD seed funding for entrepreneurs across Africa. Every year, the programme selects 1,000 entrepreneurs across Africa from a pull of over 50,000 applicants.
General 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.
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.
Required Information to supply once Your business is selected
If Applicants are offered a place in the Programme, Applicants will be expected to:
- complete a self-declaration form,
- Provide proof of valid ID,
- Provide a personal bank statement from the past 6 months,
- Provide a statement of current personal debts.
- Provide a reference from an employer, bank and/or academic institutions;
- Provide business bank account details (For UBA present countries, it must be a UBA account
Application Opening and Closing Date
January 1st - March 1st
How to apply for the programme?
All Applications must be submitted ONLINE through the APPLICATION PORTAL via https://www.tonyelumelufoundation.org/application-process You must complete an application form by answering a series of mandatory questions and uploading additional documents and identification materials. After submission, you will receive a confirmation email of receipt within 1 working day.