Applications open for Tony Elumelu Entrepreneurship Programme

If you’re an entrepreneur based in Africa, then you should apply to be a part of the second installment of the annual Tony Elumelu Entrepreneurship Programme (TEEP) for start-up businesses based in Africa.

The programme is open to citizens and legal residents of all 54 African countries who operate a for-profit business based in Africa, including new business ideas which have been in existence for less than three years.

Successful applicants who complete the programme will receive NGN850,000 as non-returnable seed capital, and are eligible for a further NGN850,000 in the form of either debt or equity, depending on business need and other criteria.

“I believe in empowerment that can change the face of Africa as we know it. African entrepreneurs are our future leaders and I am passionate about giving them the opportunity to succeed,” Founder, serial entrepreneur and philanthropist, Tony O. Elumelu said in a press release.

He added, “The Tony Elumelu Entrepreneurship Programme is a major, deliberate effort on my part, to institutionalise luck and provide seed capital funding, mentoring, business training, pan-African networking and springboard that our aspiring Entrepreneurs need to leap from.”

The application portal for the programme opened today, January 1, 2016 and will accept applications until Midnight WAT on March 1, 2016. So, don’t hesitate to apply for this once-in-a-lifetime opportunity!

The inaugural programme in 2015 accepted about 1,000 entrepreneurs from 51 countries who have thus far received considerable benefits from their participation, including 12 weeks training on business development and management; accelerated growth; access to further funding, and networking opportunities.

Tony Elumelu Entrepreneurship Programme is a commitment by the Tony Elumelu Foundation to identify and fund 10,000 African entrepreneurs over a 10-year period. TEEP has an initial funding pledge of NGN17 billion (US$100m equivalent) by the Foundation.

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