LisaTony Elumelu Foundation Entrepreneurship Programme (TEEP) 2023/2024 – The Tony Elumelu Foundation Entrepreneurship Programme (TEEP) is a flagship programme of the Tony Elumelu Foundation (TEF), a philanthropic organization founded by Nigerian entrepreneur and philanthropist, Tony Elumelu. TEEP is a 10-year, $100 million initiative launched in 2015 to identify, train, mentor, and fund 10,000 African entrepreneurs across the continent.
The programme is open to entrepreneurs from all 54 African countries, who are selected through a competitive application process. Successful applicants receive intensive training and mentorship on various aspects of entrepreneurship, including business management, finance, marketing, and leadership. They also receive non-refundable seed capital of $5,000 to help them start or grow their businesses.
The overall goal of TEEP is to create a new generation of successful African entrepreneurs who will drive economic growth, create jobs, and contribute to the development of their communities and the continent as a whole. The programme has been widely recognized for its impact on African entrepreneurship and has received numerous awards and accolades.
The TEEP application period typically opens annually in January and closes in March, with successful applicants notified in the following months. If you’re interested in applying, you can visit the Tony Elumelu Foundation website to learn more about the programme and application requirements.
Tony Elumelu Foundation Entrepreneurship Programme 2023
Title: 2023 Tony Elumelu Foundation Entrepreneurship US$5,000 Programme
Details
- TEFConnect is a proprietary, in-house built networking and empowerment platform of the Tony Elumelu Foundation. It is the largest digital networking platform for African Entrepreneurs and US$5,000 funding to successful entrepreneurs.
Requirements
- The Tony Elumelu Foundation Entrepreneurship Programme is open to Africans from all 54 African countries with scalable business ideas or a business that has been operational for no more than 5 years.
- Applicants must be 18 years of age and above. Interested applicants may register on TEFConnect.net
- Applicants who do not meet the cut off mark during application would not be eligible to apply for the programme. However, training resources on www.tefconnect.net would still be accessible to these applicants.
- The programme is not open to research institutions, faith based organisations, value adding trading companies, government contractors and businesses not located in Africa.
- Businesses must not adversely affect the environment, lives and property. Existing businesses or business ideas must be for profit, and must be the original work of those making the submission.
- All businesses must be business ideas or an early stage company, in the range of 0 to 5 years old.
- What if I run multiple early-stage businesses?
- Your application must focus on ONE business only. We advise choosing your best, most feasible/innovative business idea. Selected entrepreneurs are not permitted to apply for future cohorts of the programme, even with a different business or business idea.
- Current employees or their family members from the Tony Elumelu Foundation and affiliate companies in the Heirs Holdings Group and UBA Group are not eligible to apply for the TEF Entrepreneurship Programme, either individually or as part of a team.
- No, existing TEF Beneficiaries cannot re-apply to the programme after receiving seed capital. For non TEF beneficiaries who have applied to the programme unsuccessfully in the past, you are eligible to re-apply.
Benefits
- US$5,000 SEED capiatal.
- Training
- Mentorship
- Networking
- The platform offers networking/connections with over 1million African entrepreneurs
- Hundreds of learning content on Finance, Marketing, Branding, Talent Management, Technology and many more…
- The Marketplace creates access to the African market and offers our Alumni the opportunity to showcase your business products and services for increased visibility
- View and apply for global business opportunities made available by our network of Partners
- View and access business tools to ease the management of your business
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should: Click Here to Start Application
Click here for more information
Note
- The Tony Elumelu Foundation is not associated with any agent for its entrepreneurship programme application purposes and condemns such act. If you know of anyone asking for money in exchange for application assistance, please report it by sending an email to info@tonyelumelufoundation.org
- Register/Login to TEFConnect, on the Home Page, click on the Applications link. Select the Programme you would like to apply for and follow the instructions. The application portal opens on the 1st of January of each year. It’s free to apply. All the best!
Alternative application method: you can also apply by follow the steps below.
The Tony Elumelu Foundation Entrepreneurship Programme is an annual program designed to identify, train, mentor, and fund African entrepreneurs with innovative business ideas. If you are interested in applying for the program, follow the steps below:
- Go to the official website of the Tony Elumelu Foundation at www.tonyelumelufoundation.org.
- Click on the “Programmes” tab in the menu bar and select “Entrepreneurship Programme.”
- Read through the eligibility criteria to ensure that you meet the requirements.
- Click on the “Apply Now” button to access the application form.
- Fill out the application form with accurate and complete information.
- Attach any required supporting documents, such as your CV, business plan, and proof of identity.
- Submit your application before the deadline. The application deadline is usually in March, and the program runs from April to December.
- Wait for the announcement of successful applicants. If you are selected for the program, you will receive an email notification from the Tony Elumelu Foundation.
- Attend the Entrepreneurship Forum, which is the flagship event of the program. The forum provides an opportunity for selected entrepreneurs to interact with business leaders, investors, and policymakers.
If you have any questions or need further clarification on the application process, you can contact the Tony Elumelu Foundation through the contact details provided on their website.
Lisa
