StartupLagos
No Result
View All Result
  • Home
  • News
    Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

    Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

    Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

    Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

    Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

    Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

    Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

    Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

    Trending Tags

    • funding opportunities
    • African Entrepreneurship Award
  • Startup Stories
  • Startup Advice
  • Features
  • Podcast
  • About Us
Podcast
SUBSCRIBE
  • Home
  • News
    Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

    Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

    Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

    Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

    Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

    Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

    Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

    Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

    Trending Tags

    • funding opportunities
    • African Entrepreneurship Award
  • Startup Stories
  • Startup Advice
  • Features
  • Podcast
  • About Us
No Result
View All Result
StartupLagos
No Result
View All Result

Calling all #AfricanEntrepreneurs…startup ideas are welcome (19days Left)

Team Startup Lagos by Team Startup Lagos
02/11/2015
Reading Time: 2 mins read
0 0
0

How can I complete the application form of The Tony Elumelu Foundation Entrepreneurship Programme with just a business idea?

RELATED POSTS

Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

This question has come up in several forms among the thousands of applicants since the application portal opened on January 1st 2015.  TEEP is open to applicants with existing businesses which have been in operation for 3 years or less, as well as business ideas.  It is clear that this question comes up because often, it is easier to answer questions about your business at present, than to talk about the future prospects of a business which is still at idea stage and not a reality.

It’s not easy to take an idea and work on it, not to mention writing it out and/or sharing it to the world online; which is what is being asked of our African entrepreneurs with business ideas who wish to join TEEP.  Luckily, our application form was designed to help bring your business idea to life so you can really be on your way to turning it into a tangible business.  Here are some of the sections that have our start-up applicants stuck:

Business profile: here we want to know about your business idea in detail.  These are questions you would be asked by anyone – friends, family and potential investors

#AfricanEntrepreneurs your idea can transform Africa apply for TEEP

Revenues and Market Potential: Who are you planning to sell your products/services to and how well do you know the industry you want to get into?

Team and company structure: is this idea yours alone, or do you have partners and people with the same vision?

Buy JNews
ADVERTISEMENT

Financials: here is where it may get tricky, but if you’ve done your thorough research, you will be able to answer these questions – realistically.  Don’t make up fancy numbers to try to boost your application.  Be honest – your business is still an idea, we do not expect you to have all your cash-flow figured out, we want to know how financially savvy you are and if you will be able to attract the investment you need as well as make good use of the funds we give you.

So if you have an idea, go ahead and apply. Figure out what you want to call your business, plan how many employees you will have, how much revenue you will generate and how much market potential there is for your product/service. Don’t cringe at the difficulty in answering questions about your idea, relish the chance to bring it to reality and you are on your way from Idea to IPO.

 

Culled from http://www.tonyelumelufoundation.org/

Tags: #africanentrepreneurs#TEEP2015FundingTonny Elumelu Foundataion
ShareTweetShare
Team Startup Lagos

Team Startup Lagos

Startup Lagos is a leading Nigerian media and information platform, known for its end-to-end coverage of the Nigerian startup ecosystem. Starting 5 years ago, Startup Lagos has now become the gateway to the Nigerian startup ecosystem.

Related Posts

Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets
Funding

Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

07/08/2021
Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria
Business

Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria

07/03/2021
Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank
Funding

Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

07/02/2021
Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product
Funding

Healthtech startup, MDaaS global secures $2.3million seed extension, launches a new product

07/01/2021
Carbon partners with Visa to offer Debit cards to its customers
Business

Carbon partners with Visa to offer Debit cards to its customers

07/01/2021
Cowrywise receives license to operate as a Fund/Portfolio Manager from the SEC, becomes the first fintech to do so.
Business

Cowrywise receives license to operate as a Fund/Portfolio Manager from the SEC, becomes the first fintech to do so.

06/29/2021
Next Post

Register Now to Attend the Google Digital Business Manager's Program (March 2015)

ChopUp & 6 others emerge winners of the Airtel CAS competition

Recommended Stories

TradeDepot raises $10m pre-Series B funding for expansion and new financial products

TradeDepot raises $10m pre-Series B funding for expansion and new financial products

07/15/2020
Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets

07/08/2021

Welcome the first A.I and Data Science hub in Lagos

06/08/2018

Popular Stories

  • 8 Active venture capitalist Firms in Nigeria

    4 shares
    Share 4 Tweet 0
  • Paylater launches PayVest, to provide investment opportunities for users

    3 shares
    Share 3 Tweet 0
  • 6 Travel Tech Startups in Nigeria you should know

    10 shares
    Share 10 Tweet 0
  • TradeDepot raises $10m pre-Series B funding for expansion and new financial products

    0 shares
    Share 0 Tweet 0
  • Life Bank Nigeria Launches Digital Blood and Oxygen Bank in Ibadan

    0 shares
    Share 0 Tweet 0
Currently Playing
StartupLagos

We are an authoritative voice of the Nigerian Startup Ecosystem and it has brought to light the amazing stories of thousands of startups, entrepreneurs, technological innovations, businesses and many other constituents of the startup ecosystem

Recent Posts

  • Nigeria Lending startup, Lidya raises $8.3 million pre-Series B to scale its operations in existing markets
  • Business-financing platform, PayHippo raises $1 million Pre-Seed to fund more SMEs in Nigeria
  • Fairmoney raises $42 million Series B round led by Tiger Global, reveals plans on evolving into a full-fledged Neobank

Categories

Follow us

    Go to the Customizer > JNews : Social, Like & View > Instagram Feed Setting, to connect your Instagram account.

© 2020 Startup Lagos - brought to you by Prime Startups.

No Result
View All Result
  • Home
  • Subscription
  • Newsletter Subscription
  • Category
    • Business
    • Culture
    • Economy
    • Lifestyle
    • Health
    • Travel
    • Opinion
    • Politics
    • Tech
    • World
  • Category
    • Business
    • Culture
    • Economy
    • Lifestyle
    • Health
    • Travel
    • Opinion
    • Politics
    • Tech
    • World
  • Landing Page
  • Landing Page
  • Buy JNews
  • Buy JNews
  • Support Forum
  • Support Forum
  • Pre-sale Question
  • Pre-sale Question
  • Contact Us
  • Contact Us
  • Home

© 2020 Startup Lagos - brought to you by Prime Startups.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.