Teep 2017 – $10,000 Tony Elumelu Entrepreneurship Programme

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Teep 2017 – $10,000 Tony Elumelu Entrepreneurship Programme  – See How To Apply

           

Teep 2017 - $10,000 Tony Elumelu Entrepreneurship Programme
Teep 2017 – $10,000 Tony Elumelu Entrepreneurship Programme 

Teep 2017 – Tony Elumelu Entrepreneurship Programme (TEEP) 2017 for Young African Entrepreneurs ($USD 10,000 in Funding) –  Deadline: March 1st 2017

 Teep 2017 Open – To startups and Entrepreneurs from all the 54 African Countries – For Africans based in Africans
Worth: $100M for 10,000 Startups/Entrepreneurs
The Tony Elumelu Foundation (TEF – Teep 2017 ), is now accepting applications for the 2017 Tony Elumelu Entrepreneurship Programme (TEEP) ($100m Pan-African entrepreneurship initiative ) for for Young African Entrepreneurs with business ideas that can transform Africa.

Successful applicants will join the third cycle of the Teep 2017 Entrepreneurship Programme, TEF’s 10-year, $100 million commitment to train, mentor and fund 10,000 African entrepreneurs in every African country. Since inception in 2015, the Programme has assisted nearly 2,000 entrepreneurs and created hundreds of jobs across the continent.

Eligibility Requirements:

To be eligible For  Tony Elumelu Entrepreneurship Programme( Teep 2017 ) :

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

                               

Teep 2017 - $10,000 Tony Elumelu Entrepreneurship Programme
Teep 2017 – $10,000 Tony Elumelu Entrepreneurship Programme 

Benefits

The Programme provides critical tools for entrepreneurial success, including:

Training:12 weeks of intensive training on setting-up and managing businesses
Mentoring:A mentor will guide successful applicants in creating a robust business plan
Seed Capital:$5,000 in non-returnable seed capital and access to a $5,000 convertible loan
Funding:

All entrepreneurs who successfully complete the 12-week Start-up Enterprise Toolkit (learning) programme, submit a business plan for review, as well as required documentation and a business bank account will qualify for the first stage non-refundable seed capital of $5,000.

Funding Options:

All start-ups who successfully complete the programme will be eligible for funding. There are two stages of funding available to start-ups:

First stage seed capital funding of $5,000 – a non-returnable investment dispersed at the 12-week start-up enterprise toolkit (learning) programme, upon submission and review of a business plan.  Please see Terms and Conditions for clarification.
Second stage capital ‘investment’ of $5,000 – for qualifying startups that have progressed their business plans sufficiently.  This is structured as a convertible loan.
Judging Criteria:

All applications for Teep 2017 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.

1,000 entrepreneurs will be selected based on the viability of their idea, including: market opportunity; financial understanding; scalability; and leadership and entrepreneurial skills demonstrated in the application.

Apply Now for the Teep 2017  Tony Elumelu Entrepreneurship Programme (TEEP)

For More Information on Teep 2017 :

Visit the Official Webpage of the Tony Elumelu Entrepreneurship Programme ( Teep 2017 )

Teep 2017 – $10,000 Tony Elumelu Entrepreneurship Programme 

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