We are just 1 day away from the deadline of applications for the 2018 edition of the Tony Elumelu Entrepreneurship program (TEEP). TEEP is an annual program for (budding) African entrepreneurs which, if selected, gives them access to a $5000 grant. And a further $5000 loan/equity based fund, if interested. Deadline is 1st March.
Popular Business man, Tony Elumelu, through this fund has set aside $100 million to fund 10,000 entrepreneurs building the African continent in the space of 10 years. The 2017 edition of TEEP garnered over 80,000 applications from which the usual 1000 was selected.
To complete registration, interested applicants should head over to the portal. Where details about your business (idea) would be required, and your knowledge of finance, (potential) competitors, actually running of a business would be tested. Do note that you must either have an idea, or a business less than 3 years to be eligible to apply. You can still submit application if you did previously, and wasn’t selected.
Asides the grant benefit attached to TEEP, selected entrepreneurs would first undergo a six month mentoring session with the organizers. The mentoring session would expose them to various business strategies which could prove useful to the entrepreneurs while in the business world, and is done entirely online via the TEEP portal.
Previous beneficiaries of the program include Mamalette, a profit oriented social enterprise which is aimed at empowering women. Booklify, a online platform which brings together book lovers. Hubbon, an on-demand logistics company. And many more like that.
So, are you an (aspiring) entrepreneur? Do you think you might need $5000 to grow, or sustain your business?
All you need to do is head over to this page , register if you haven’t already, and fill out the application before the 1st March deadline.