The Tony Elumelu Foundation invites entries for the TEEP 2016, the second annual round of the Naira 17bn (US$100m equivalent) Tony Elumelu Entrepreneurship Programme (TEEP) for emerging African entrepreneurs.
TEEP, the flagship programme of The Tony Elumelu Foundation, is a Naira 17bn (US$100m equivalent) initiative to support emerging entrepreneurs across Africa over 10 years, aiming to generate a projected $10bn in revenues for the Continent and one new million jobs for its citizens. The 2015 round drew over 20,000 applicants from 51 countries and has created partnerships with entrepreneurs, the private sector and governments across Africa and internationally.
Worth of Award
In addition to directly supporting African entrepreneurs with “Empowerment Capital”, the Tony Elumelu Foundation uses data gathered to conduct research and advocate for policy improvements to the enabling environment.
- To be eligible, entrepreneurs must complete the online application form with questions on their background, experience and business idea, plans for growth and proposed pan-African impact.
- The Tony Elumelu Entrepreneurship Programme is open to citizens and legal residents of all 54 African countries. Applications for 2016 open on 1st January and can be made by any for-profit business based in Africa in existence for less than three years, including new business ideas.
How to Apply
Further guidance and application procedures can be found on the online portal:. Applications are reviewed by an Advisory Board of distinguished African entrepreneurs.
Deadline: TEEP opens for entries at 00:00am WAT on 1st January 2016 and will accept applications until midnight WAT on March 1st, 2016.