Tony Elumelu Foundation Entrepreneurship Programme (TEEP) 2024

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Tony Elumelu Foundation Entrepreneurship Programme (TEEP) 2024: Empowering African Entrepreneurs for Economic Recovery

The Tony Elumelu Foundation is now accepting applications for the 2024 Tony Elumelu Foundation Entrepreneurship Programme (TEEP). This intervention, prioritizing the economic recovery of small and medium-scale enterprises (SMEs) and young African entrepreneurs, aims to counter the disruptions caused by the Covid-19 pandemic.

Celebrating its tenth year of impact in 2020, the Tony Elumelu Foundation continues to empower a new generation of African entrepreneurs through the TEF Entrepreneurship Programme. Successful applicants are set to receive world-class business training, mentorship, non-refundable seed capital of up to $5,000, and global networking opportunities. The programme is open to entrepreneurs across Africa, encompassing both new start-ups and existing young businesses operating in any sector.

Eligibility:

  • The Entrepreneurship Programme targets outstanding African entrepreneurs with startups or business ideas demonstrating growth potential.
  • Eligible Countries: African countries.

Benefits:

  • The training is designed to educate and equip entrepreneurs in starting or growing their businesses, addressing challenges faced across the African continent.
  • The curriculum focuses on practical, iterative learning with long-term relevance beyond the training period.

Programme Phases:

  1. Application Phase: January 1 to March 31.

    • Preparatory
    • Start-up/Beginner
    • Innovator/Intermediate
    • Disruptor/Advanced

  2. Training & Mentorship Phase:

    • Rigorous business training and mentoring sessions.
    • Virtual orientation program.
    • Access to peer-to-peer support groups.
    • Multiple choice questions to track performance.

  3. Business Plan Submission Phase:

    • Entrepreneurs combine learnings into a cohesive document.
    • Use provided business & financial plan template.
    • Successful candidates move on to the next stage: Pitching Competition.

  4. Pitching Phase:

    • Entrepreneurs pitch ideas before a panel of judges.
    • Successful candidates receive seed capital funding and access to the Alumni network.
    • Unsuccessful participants receive a training completion certificate and can reapply next year.

  5. Seed Capital Phase:

    • Successful entrepreneurs open business accounts to receive seed capital.
    • Entrepreneurs eligible for seed funding receive a Certificate of Completion and Achievement from the Foundation.

Application Deadline: March 1, 2024.

For more information and to apply, visit the official website.