If you missed last year’s edition, the Tony Elumelu Foundation (TEF) has announced acceptance of applications for the 2017 edition of the Tony Elumelu Entrepreneurship Program (TEEP). The application is open to African entrepreneurs with transformative business ideas.
The Tony Elumelu Entrepreneurship Programme (TEEP) will avail the entrepreneurs with a 12-week intensive training session, mentoring and non-returnable seed capital of $5,000 and access to a $5,000 convertible loan
1,000 entrepreneurs will be selected based on the viability of their idea, including: market opportunity; financial understanding; scalability; leadership and entrepreneurial skills demonstrated in the application.
Eligible businesses must be based in Africa, for profit, 0-3 years’ old, applicant must be at least 18 and a legal resident or citizen of an African. Women, French, Arabic and Portuguese speakers and business ideas from every region across Africa are also encouraged to apply.
Application is already open and closes midnight (WAT) on March 1, 2017. To apply, complete the online application at The Tony Elumelu Foundation Website. Successful applicants will join the third cycle of the TEF Entrepreneurship Programme. For more information visit the website.
Nigerian startups raised a total funding of $9.2 million in Q1 2018. Download our report to find out more.