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2022 Tony Elumelu Foundation Entrepreneurship Programme for Africans

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2022 Tony Elumelu Foundation Entrepreneurship Programme for Africans

2022 Tony Elumelu Foundation Entrepreneurship Programme for Africans (Reward $5,000). The deadline to make use of is thirty first March 2022.

2022 Tony Elumelu Foundation Entrepreneurship

The Tony Elumelu Foundation Entrepreneurship Programme is a $100million dedication made by the Elumelu family to empower 10,000 African entrepreneurs over a 10-year interval by, teaching, mentorship and funding. The target is to create a minimal of 1million jobs and contribute over $10billion in earnings to the African monetary system.

By means of its flagship Entrepreneurship Programme the Foundation empowers African entrepreneurs and the entrepreneurship ecosystem all through 54 African nations. The TEF teaching curriculum has been designed to part entrepreneurs primarily based totally on the demonstrated performance and knowledge.

The teaching has been tailored to show and capacitise you in starting or rising your enterprise to beat the challenges confronted by entrepreneurs all through the African continent. The curriculum focuses on smart, iterative learning that is useful even prolonged after the teaching interval.

Deadline: March 31, 2022

Summary

  • Host: Tony Elumelu Foundation
  • Class: Teaching | Fellowships
  • Eligible Worldwide places: All African Worldwide places
  • Reward: $5,000 Seed Funding
  • Deadline: March 31, 2022

Particulars:

The Tony Elumelu Foundation is an African non-profit group primarily based in 2010 by Tony O. Elumelu and headquartered in Lagos, Nigeria. It is a pioneer member of the Worldwide Affect Funding Rating System.

Up to now, the Foundation has empowered 7,520 African entrepreneurs all through 54 African nations.

Requirements:

ALL APPLICANTS WILL BE REQUIRED TO:  

  • Full all essential fields throughout the on-line utility variety on TEFConnect.
  • Submit the form
  • Join all the requested paperwork (professional identification card and film headshot) and add the required paperwork
  • Rely on Foundation suggestions.

PLEASE NOTE: TEFConnect can solely be accessed by a single e-mail account. It is going to be essential that every one candidates register with an e-mail to which they’ve widespread entry

Size and Reward

The Entrepreneurship Programme identifies wonderful African entrepreneurs who’ve start-ups or enterprise ideas with the potential to develop.  The TEF Entrepreneurship Programme may be delivered in a number of phases as listed beneath:

Utility Part

  • Teaching &Mentorship Part
  • Enterprise Plan Submission Part
  • Pitching Part
  • Seed Capital Part
  • The making use of half

It can occur from the January 1 to March 31. As quickly as capabilities are closed, eligible candidates may be positioned throughout the acceptable teaching path as follows:

PREPARATORY 

This means you don’t want the skillset needed to start a enterprise. You may bear the general teaching on TEFConnect. You may, nonetheless, not be eligible for mentorship or seed capital.

START-UP/ BEGINNER 

This means you are a starter in step with the enterprise start-up profiling. You may bear the beginner teaching modules and you need to have entry to world class mentors all through the programme.

INNOVATIOR/ INTERMEDIATE 

Which suggests you may have been profiled to be an intermediate entrepreneur. You may need potential to be a worthwhile entrepreneur. You may bear the Intermediate teaching modules and you need to have entry to world class mentors all through the programme.

DISRUPTOR/ ADVANCED 

Which suggests you may be or acknowledged to be pure or a seasoned entrepreneur. You may bear the Superior teaching modules and you need to have entry to world class mentors all through the programme.

THE TRAINING AND MENTORSHIP PHASE 

As quickly as shortlisted and positioned throughout the acceptable teaching path, you will be eligible to take part in our rigorous enterprise teaching and mentoring courses. There may be various different inquiries to hint your effectivity. You may attend a digital orientation program to check further in regards to the course of and we’re going to share timelines and sources obtainable so as to succeed. The shortlisted entrepreneurs may be given entry to hitch the peer-to-peer help groups.

Shortlisted entrepreneurs may be anticipated to complete the enterprise teaching, reply the quiz at each end of each module.

The shortlisted candidates after the teaching may be given the prospect to develop a BUSINESS PLAN

THE BUSINESS PLAN AND FINANCIALS SUBMISSION PHASE 

On the end of the teaching, you will be required to combine all the learnings from the teaching proper right into a single cohesive doc. You may be given a enterprise & financial plan template; this may be throughout the on-line helpful useful resource library. This template will assist you create a major draft of your advertising technique. write a advertising technique. After the BUSINESS TRAINING & BUSINESS PLAN SUBMISSION, solely worthwhile candidates (who full the MCQs and ranking above reduce off mark and submit a advertising technique) could possibly be eligible to maneuver on to the next stage: the PITCHING COMPETITION.

 THE PITCHING PHASE 

This can be a likelihood to point out your enterprise data and persuade the determine in regards to the feasibility of your enterprise. On the pitching stage, entrepreneurs will pitch their ideas sooner than a panel of judges. Solely the worthwhile candidates from the pitching rivals will acquire seed capital funding and entry to the Alumni group to help their enterprise ambitions.

Within the occasion you effectively achieved all required teaching requirements and submitted a advertising technique, nevertheless was unsuccessful after the pitching rivals, you will acquire a training completion certificates and may reapply subsequent 12 months.

Please bear in mind that this half is one different key finish results of this teaching programme and all shortlisted entrepreneurs ought to bear this half to be eligible for SEED CAPITAL.

 THE SEED CAPITAL PHASE 

All entrepreneurs who’ve effectively achieved your complete above steps may be required to open enterprise accounts and seed capital will transfer into these accounts created. An entrepreneur who’s eligible to acquire seed funding may be given a CERTIFICATE OF COMPLETION AND ACHIEVEMENT from the Foundation.

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