Tony Elumelu Foundation Entrepreneurship 2024/2025 Scholarship Application

This is to inform the general public that the Tony Elumelu Foundation Entrepreneurship Scholarship Programme is opened to all interested Applicant to apply for the online application for all interested Applicant to to note the right requirements to apply for the online and ongoing programme as expected. All the candidates that meets up the general Eligibility and Requirements are to follow the guidelines to apply as expected. All application closed 2024.

Meanwhile, the Tony Elumelu Foundation Entrepreneurship Programme is opened for registration and giving some important benefit. The only thing that is left to be done is to ensure that all Applicant should note the key role to enable they apply as expected. Keep reading for more Juicy update on this platform.

Federal Fire Service Recruitment Application Guidelines

Tony Elumelu Foundation Entrepreneurship General Eligibility

All Application is opened to all citizens and legal residents of any one of the 54 African countries.
The proposed business must be registered and operate in Africa.
Applicants must be 18 years old and must not be considered a minor in their country of residence. There is no upper-limit age restriction.
Applicants can be outstanding African entrepreneurs running existing start-ups with high growth potential and aspiring business owners with transformative ideas;
All businesses must be business ideas or an early-stage company, in the range of 0 to 3 years old.
Your application must focus on ONE business only.
They are particularly looking to grow representation from French, Arabic and Portuguese speakers, as well as female entrepreneurs.
The programme is not open to research institutions, faith-based organisations, value-adding trading companies, government contractors and businesses not located in Africa.
Businesses must not adversely affect the environment, lives and property. Business ideas must be for-profit and must be the original work of those making the submission.

Peace Corps Recruitment Portal Application Process & How to Apply

Benefit of Tony Elumelu Foundation Entrepreneurship

All Applicant could be selected to join our current 9,631 beneficiaries across 54 African countries to receive:

Business Training
Mentorship
$5,000 non-refundable seed capital
Global Network Opportunities

How to Apply for Tony Elumelu Foundation Entrepreneurship

The following are the right procedures to apply for the online application;

First of all Applicant are to visit the TEF Application Portal @ https://tefconnect.com/
Then enter all you information and identity correctly
Next is to proceed to upload all necessary documents and Credentials as seen in the requirements and Eligibility above.
Afterward, submit.

Application Deadline for Registration of Tony Elumelu Foundation Entrepreneurship

All Applicant should note that all TEF Application Portal closes on midnight on the 31st March 2023. Check out Official Website.

About Tony Elumelu Foundation

Tony Elumelu Foundation (TEF) is an African non-profit organization founded in 2010 by Tony O. Elumelu and headquartered in Lagos, Nigeria, based on his belief that, with the right support, entrepreneurs can be empowered to contribute meaningfully to Africa’s prosperity and social development.
The Foundation is intent on charting a new course for African philanthropy and does not operate merely as a grant-awarding organisation but provides a holistic system of effective and intensive support for entrepreneurs through its. Tonyelumelufoundation.org It is a pioneer member of the Global Impact Investment Rating System (GIIRS). So far, the Foundation has empowered 7,520 African entrepreneurs across 54 African countries. Source.Wikipedia

Tony Elumelu Foundation Scholarship Application Deadline

All Applicant should note that Application is in progress and the deadline is midnight (WAT). Do apply before the closing date.

New Development in Tony Elumelu Foundation Scholarship

The Global Head of Technology at Google.org, Jen Carter, expressed her delight at bringing the Google.org fellowship to Africa for the first time and the possibilities it opens up for the tech landscape.

American multinational tech company, Google, has partnered with the Tony Elumelu Foundation (TEF) to launch the Google.org Fellowship which will provide one million Africans access to a platform that will assist them in accelerating their business growth.

The platform will be called TEFConnect and will offer market partnerships, access to mentors, investors, and tailored tools for small businesses.

Google and TEF revealed that nine full-time Google staff will work with TEF to design and build an upgraded version of the TEFConnect platform, adding that the partnership will bring new opportunities to Africa’s digital community.

Interview date, Process and Venue for TEF Entrepreneurship Programme
Selection Process

THE APPLICATION PHASE:This will take place from the January 1 to March 31. Once applications are closed, eligible applicants will be placed in the appropriate training path as follows:
(a) REPARATORY: This means you do not have the skillset needed to start a business. You will go through the general training on TEFConnect. You will, however, not be eligible for mentorship or seed capital.
(b)START-UP/ BEGINNER:This means you are a starter according to the business start-up profiling. You will go through the beginner training modules and you will have access to world class mentors during the programme.
INNOVATIOR/ INTERMEDIATE:This means that you have been profiled to be an intermediate entrepreneur. You have a good potential to be a successful entrepreneur. You will go through the Intermediate training modules and you will have access to world class mentors during the programme.
DISRUPTOR/ ADVANCED:This means that you are or identified to be natural or a seasoned entrepreneur. You will go through the Advanced training modules and you will have access to world class mentors during the programme.
THE TRAINING AND MENTORSHIP PHASE: Once shortlisted and placed in the appropriate training path, you will be eligible to take part in our rigorous business training and mentoring sessions. There will be multiple choice questions to track your performance. You will attend a virtual orientation program to learn more about the process and we will share timelines and resources available for you to succeed. The shortlisted entrepreneurs will be given access to join the peer-to-peer support groups.
Shortlisted entrepreneurs will be expected to complete the business training, answer the quiz at each end of each module.
The shortlisted applicants after the training will be given the opportunity to develop a BUSINESS PLAN
THE BUSINESS PLAN AND FINANCIALS SUBMISSION PHASE: At the end of the TEEP 2023 training, you will be required to combine all the learnings from the training into a single cohesive document. You will be given a business & financial plan template; this will be in the online resource library. This template will help you create a first draft of your business plan. write a business plan. After the BUSINESS TRAINING & BUSINESS PLAN SUBMISSION, only?successful candidates (who complete the MCQs and score above cut off mark and submit a business plan) would be eligible to move on to the next stage: the PITCHING COMPETITION.
THE PITCHING PHASE:This is an opportunity to demonstrate your business knowledge and convince the judge about the feasibility of your business. At the pitching stage, entrepreneurs will pitch their ideas before a panel of judges. Only the successful candidates from the pitching competition will receive seed capital funding and access to the Alumni network to support their business ambitions. If you successfully completed all required training requirements and submitted a business plan, but was unsuccessful after the pitching competition, you will receive a training completion certificate and can reapply next year.
Please note that this phase is another key outcome of this training programme and all shortlisted entrepreneurs must go through this phase to be eligible for SEED CAPITAL.
THE SEED CAPITAL PHASE: All entrepreneurs who have successfully completed all the above steps will be required to open business accounts and seed capital will flow into these accounts created. An entrepreneur who is eligible to receive seed funding will be given a CERTIFICATE OF COMPLETION AND ACHIEVEMENT from the Foundation.