African-Based Startup? Apply now for Tony Elumelu Entrepreneurship Programme

by | Jan 4, 2016

“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.” – Tony O. Elumelu, Tony Elumelu Entrepreneurship Programme Founder

The Tony Elumelu Entrepreneurship Programme (TEEP), an initiative of the Tony Elumelu Foundation designed to fund 10,000 African entrepreneurs over a period of 10 years, is calling on startups that are based in Africa to apply for the programme, after the successful inaugural cycle in 2015.

The programme, which is open to citizens and legal residents of all African countries, has its application portal currently open and it will remain open till Midnight West African Time on March 1, 2016. New business ideas which have been in existence for less than three years can also apply.

Successful applicants who complete the programme will receive the local currency equivalent of Naira 850,000 as non­returnable 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.

Advertisement

Aside the seed-funding that the selected applicants would receive, they would also get a couple of weeks training on setting up and managing businesses as well as mentoring. And there are also external funding opportunities from platform provided by the foundation.

They will also join the existing cohort of 1,000 entrepreneurs selected from 51 African countries the inaugural cycle which received over 20,000 applications across the continent.

Selected entrepreneurs also have access to networking opportunities with other entrepreneurs from other African countries, thereby accessing more business opportunities across the continent.

Fill in the application here if you are interested.

Yinka Awosanya
Yinka Awosanya

Mobile & African Tech Enthusiast │ Data Analyst │ Music

Advertisement

On January 22, 2022, be part of the largest gathering of innovators, startup founders, thinkers, programmers, policymakers, and investors in West Africa. Register free.

0 Comments

Recent News

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap