Tony Elumelu Foundation Entrepreneurship Programme (TEEP 2022)

Deadline: 01 March 2022

Founded by African investor and philanthropist, Tony O. Elumelu, and representing his personal commitment to creating a new generation of entrepreneurs, through his investment company, Heirs Holdings, the Foundation is active in all 54 African countries. In 2015, the Foundation launched the TEF Entrepreneurship Programme, a $100 million commitment by Tony Elumelu to empower 10,000 African entrepreneurs over 10 years. Building on the Programme’s success and its unique ability to identify, mentor and fund entrepreneurs across Africa, the Foundation is increasingly sharing its robust delivery platform and working in partnership with institutions such as United Nations Development Programme, the African Development Bank, the International Committee of the Red Cross, GIZ, and United Bank for Africa Plc, to create meaningful and permanent impact across Africa.

JUDGING CRITERIA

All applications will be judged on 5 core criteria, which are:

1. Feasibility of the business idea.
2. Market Opportunity: knowledge and understanding of the market, customers and competitors for their idea/business.
3. Financial Understanding: understanding of the basic financial requirements of running a business, costs and revenues.
4. Scalability: Demonstrates potential for replication and growth of their product or service to create jobs and wealth.
5. Leadership Potential and Entrepreneurial Skills: Demonstrate leadership potential, capable of attracting people, customers and resources.

TO APPLY: Click here

OFFICIAL SITE: Click here