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How Do I Obtain A Start-Up Grant Under The $100 Million Tony Elumelu Foundation Entrepreneurship Programme?

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Question: How do I obtain a start-up grant under the $100 million Tony Elumelu Foundation Entrepreneurship Programme?

Yinusa Tijani

Lokoja, Kogi State

Answer: Inspired by its Founder, Mr. Tony O. Elumelu, driven by his economic philosophy of Africapitalism, with a vision to democratise opportunity for young African entrepreneurs, the $100 million programme seeks to identify, train, mentor and fund 10,000 African entrepreneurs in 10 years.

Also, the programme is open to citizens and legal residents of all African countries, and  targets outstanding start-ups with growth potential and aspiring business owners with  ideas that seek to transform Africa.

Obtain A Start-Up Grant

However, applications will be judged by feasibility, scalability, market opportunity, financial understanding, leadership and entrepreneurial skills.

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Successful applicants receive $5,000 in seed capital. Also, they will receive business development training. Even more, there will be one-on-one mentoring, access to TEFConnect, pan-African meetups, membership of the TEF network, and access to the yearly TEF Entrepreneurship Forum.

To be considered for a grant, submit your application at www.tefconnect.com. The deadline is March 1, 2019.

Should you require assistance in preparing and submitting your application, contact the SME Clinic at: https://smefinance.org/sme-clinic/

Finally, learn more about how to obtain a start-up grant, visit www.smefinance.org

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