Well, another year is here, and as tradition demands, those that missed last year’s edition of the Tony Elumelu Foundation (TEF) Entrepreneurship program can lossen up. This is as the foundation has announced acceptance of applications for the 2018 edition of the Tony Elumelu Entrepreneurship Program (TEEP). The application is open to all African entrepreneurs with transformative business ideas.
The benefits of the Tony Elumelu Entrepreneurship Programme (TEEP) will include a 12-week intensive training session, mentoring and non-returnable seed capital of $5,000 and access to a $5,000 convertible loan too.
Out of any number of applications receives, 1,000 entrepreneurs will be selected. The selection would be based on the viability of their idea. Market opportunity, great financial understanding, scalability, leadership and entrepreneurial skills are very important qualities that would be put in consideration when making selections.
To be eligible, your business (or proposed idea) must be based in Africa, for profit, 0-3 years’ old. The applicants 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. Last year, there were over 80,000 applications from the continent.
Are you interested? Do you think you can make the cut? Then apply here.