Tony Elumelu Entrepreneurship Programme Calls For Entries

Entries has opened for application for the second annual Tony Elumelu Entrepreneurship Programme (TEEP) for start-up businesses based in Africa. The application portal which opened on Friday January 1, 2016 will run trough till midnight on March 1, 2016.
Successful applicants who complete the programme will receive the local currency equivalent of Naira 850,000 as non-returnable seed capital, and are eligible for a further Naira 850,000 in the form of either debt or equity, depending on business need and other criteria.
Selected entrepreneurs will join the existing cohort of 1,000 Tony Elumelu Entrepreneurs, from 51 countries, who formed the inaugural 2015 cycle of the programme and have thus far, received considerable benefits from their participation, including 12 weeks of training on how to set up and manage businesses with mentoring and financial support offered by The Tony Elumelu Foundation.
Asides this, successful applicants will also have access to additional external funding through the platform provided by the Foundation as well as network opportunities across the continent and business sector.
Calling for a broader participation , the chief executive of the Tony Elumelu Foundation, Parminder Vir OBE, said “we encourage women and men with business ideas from all sectors, from every region, city, town and village across Africa, to apply. This is your programme and if you can demonstrate your passion and commitment, then this wonderful opportunity to become a Tony Elumelu Entrepreneur could be yours for the taking.”
Tony Elumelu commenting on the TEEP said “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.
“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 Tony Elumelu Entrepreneurship Programme is open to citizens and legal residents of all 54 African countries. Applications for 2016 open on 1 January and can be made by any for-profit business based in Africa, including new business ideas which have been in existence for less than three years.

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