Apply Now for Tony Elumelu Entrepreneurship Programme 2018 – $100 million to create 10,000 African Entrepreneurs in 10 Years
The Tony
Elumelu Foundation Entrepreneurship Programme – TEEP – to offer 10,000 aspiring
African Entrepreneurs an opportunity to benefit from $100 million grant to
create 1,000,000 jobs and contribute $10 billion in annual revenues to Africa’s
economy over the next 10 years.
Application
Period: Interested
entrepreneurs will be able to submit their applications to join the programme
as from 1st January 2018 until Midnight WAT on March 1, 2018.
Offered
annually? Yes. For
a period of 10 years
Opportunity
is open to: All
citizens (18 and above) and legal residents of all African countries with
businesses that operate in Africa.
About
Entrepreneurship Programme: Nigerian billionaire investor and philanthropist
Tony Elumelu has committed $100 million to create 10,000 entrepreneurs across
Africa over the next 10 years. Elumelu made the commitment on Monday during a
press conference in Lagos to announce the launch of The Tony Elumelu Foundation
Entrepreneurship Programme (TEEP).
TEEP, a
Pan-African entrepreneurship initiative of the Tony Elumelu Foundation, is a
multi-year programme of training, funding, and mentoring, designed to empower
the next generation of African entrepreneurs.
Starting
From: 2015
Programme
Type: Funding
for African Entrepreneurs
Number of
Entrepreneurs: There
are 1,000 positions available annually for 10 years
Value of
Programme: The 1,000
start-ups selected from a pool of applicants across Africa will participate in
a comprehensive programme which will include;
- A customized 12-week business skills training course
- Start-Up Enterprise Toolkit
- Mentoring
- Resource Library
- 2-Day Boot Camp
- Seed Capital Funding
- Elumelu Forum
- Alumni Network
Duration
of Programme: The
programme will identify and help grow 10,000 start-ups and young businesses
from across Africa over the next 10 years. These businesses will in turn create
1,000,000 new jobs and contribute $10 billion in annual revenues to Africa’s
economy.
How to
Apply: All
applications must be submitted online through the TEEP Portal. Answer a series
of mandatory questions and upload additional documents and identification
materials. You will receive a confirmation email within 1 working day of
submission.
More
details about the program, including eligibility and the application and
selection processes are available on the Tony Elumelu Foundation website at: www.tonyelumelufoundation.org/TEEP.
Sponsors:
Tony
Elumelu Foundation
Additional
note:
- In 2017, TEEP empowered 1,000 African entrepreneurs, selected from over 20,000 applicants, with start-up investment, active mentoring, business training, an entrepreneurship boot camp and regional networking across Africa.
- Entrepreneurs, with an average age range of 21-40, from 51 African countries completed the programme and received $5,000 in seed capital for their start-up businesses.
- The Tony Elumelu Foundation invested a total of $4,860,000, including $1,405,000 in agriculture; $410,000 in education and training; and $365,000 in manufacturing. The sector-agnostic programme funded start-ups across a further 20 industries, all based in Africa.
Apply Now for Tony Elumelu Entrepreneurship Programme 2018 – $100 million to create 10,000 African Entrepreneurs in 10 Years
Reviewed by Unknown
on
January 05, 2018
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