Open: To new businesses and Entrepreneurs from all the 54 African Countries – For Africans situated in Africans
Worth: $100M for 10,000 Startups/Entrepreneurs
The Tony Elumelu Foundation (TEF), is currently tolerating applications for the 2017 Tony Elumelu Entrepreneurship Program (TEEP) ($100m Pan-African enterprise activity ) for Young African Entrepreneurs with business thoughts that can change Africa.
Fruitful candidates will join the third cycle of the TEF Entrepreneurship Program, TEF’s 10-year, $100 million duty to prepare, coach and reserve 10,000 African business people in each African nation. Since initiation in 2015, the Program has helped almost 2,000 business visionaries and made several employments over the landmass.
To be qualified:
Business must be situated in Africa
Business must be for benefit
Business must be 0-3 years of age’s
Candidates must be no less than 18 and a legitimate inhabitant or national of an African nation
The Program gives basic instruments to entrepreneurial achievement, including:
Training:12 weeks of concentrated preparing on setting-up and overseeing organizations
Mentoring:A tutor will control fruitful candidates in making a powerful strategy for success
Seed Capital:$5,000 in non-returnable seed capital and access to a $5,000 convertible credit
All business visionaries who effectively entire the 12-week Start-up Enterprise Toolkit (learning) program, present a strategy for success for audit, and required documentation and a business financial balance will meet all requirements for the principal organize non-refundable seed capital of $5,000.
All new businesses who effectively total the program will be qualified for financing. There are two phases of subsidizing accessible to new companies:
To begin with stage seed capital financing of $5,000 – a non-returnable venture scattered at the 12-week start-up big business toolbox (learning) program, upon accommodation and survey of a strategy for success. If you don’t mind see Terms and Conditions for illumination.
Second stage capital “speculation” of $5,000 – for qualifying new companies that have advanced their strategies for success adequately. This is organized as a convertible advance.
All applications will be judged on 5 center criteria, which are:
Plausibility of the business thought.
Advertise Opportunity: learning and comprehension of the market, clients and contenders for their thought/business.
Money related Understanding: comprehension of the fundamental budgetary necessities of maintaining a business, expenses and incomes.
Adaptability: Demonstrates potential for replication and development of their item or administration to make employments and riches.
Administration Potential and Entrepreneurial Skills: Demonstrate leadership potential, fit for pulling in individuals, clients and assets.
1,000 business people will be chosen in light of the reasonability of their thought, including: showcase opportunity; money related comprehension; versatility; and initiative and entrepreneurial aptitudes exhibited in the application.
For More Information:
Visit the Official Webpage of the Tony Elumelu Entrepreneurship Program (TEEP) 2017