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Apply for the Tony Elumelu Foundation Entrepreneurship Programme | Deadline 1st March 2015

BellaNaija.com

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So, all you have is this business idea and you can’t seem to think of how to take the leap from that point to actualisation… right? Well, the Tony Elumelu Foundation Entrepreneurship Programme is offering to help mentor you towards getting to your goals.

The Foundation has opened the application portal to business owners who have been in operation for 3 years and less. The organisers have done a break down of parts of the application form which might be a little challenging:

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?

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.

Click here to apply

24 Comments

  1. @edDREAMZ

    February 3, 2015 at 1:02 pm

    a.k.a EDWIN CHINEDU AZUBUKO said…
    .
    Thats nice….
    .
    .
    ***CURRENTLY IN JUPITER***

  2. Jobiver

    February 3, 2015 at 1:40 pm

    Thanks Bella for posting this. Many people that applied for the Tony Elumelu programme complained that the forms and process is very complicated and long. I hope they try to simplify the whole process for people.

    • Iris

      February 4, 2015 at 2:23 am

      LMAO. Is this real? Then don’t fill the forms. Let the people who are dedicated and purposeful and determined to get what they want sit down and sacrifice the time and energy to fill the form. Odds are if you are going to be complaining that the forms are too long, you probably wouldn’t qualify anyway.

  3. olabisi

    February 3, 2015 at 1:51 pm

    omo!! that thing is long fa!!! money matter no be joke!

  4. Tosin

    February 3, 2015 at 3:28 pm

    Love.
    But some of us are business illiterate.
    #truth

  5. Sheila

    February 3, 2015 at 5:02 pm

    I love the initiative and the ultimate goal to help potential entrepreneurs that have no financial backing to execute their ideas. However, if a person signs up for the program and presents an idea that could yield large returns, what is the guarantee that their idea will not be stolen by someone else that already has enough money to go large scale.

    • Tope

      February 3, 2015 at 7:11 pm

      Hello, Intellectual property shared with TEEP in your application is completely confidential, and only shared amongst the TEEP team and Selection Committee who have signed confidentiality agreements. Get more info here tonyelumelufoundation.org/teep/faqs/

    • Emeka

      March 19, 2015 at 2:33 am

      That was my initial thought too, the possiblity of having one’s idea stolen and implemented by someone who already has the funds to execute it right away.

    • paul Bitrus

      October 7, 2015 at 2:35 pm

      Of course sheila you are right. what is the guarantee that the idea won’t be hijacked

  6. ichong nelson etukudo

    March 23, 2015 at 11:43 am

    i love what he is doing to all nig may God bless him Amen.

  7. ichong nelson etukudo

    March 23, 2015 at 11:50 am

    we love what you are doing.

  8. paul Bitrus

    October 7, 2015 at 2:37 pm

    He’s doing a job for the initiative

  9. Bero Adetunji

    November 30, 2015 at 1:04 pm

    Sheila and Pual Bitrus You better do what you are told to do by filling the form, rather than discouraging others that are intrested in doing it, that shows u are not a good entrepreneur cause u are not been optimistic but u are totally persimistic.Have u ever taught of it that no one can ever steal your idea or be like u, even at all as u have said that your idea could be stolen. all is not about money, there are other values u will get if you are present at the venue,like exposure, skills, connection,new ideas on how to manage a business.etc God will continue to enlarge is coast. In JESUS NAME AMEN.And i wish to be like tony elumelu too soonest.

  10. netania

    January 4, 2016 at 8:27 pm

    Love how you are transforming the lives of youth,

  11. Zoe Zoleka Bula

    January 12, 2016 at 8:47 pm

    Is the foundation willing to take applications from a South African or its only for Nigerian citizens

  12. Damola

    January 26, 2016 at 4:15 pm

    Hi, Applications are welcome from any african citizen.

  13. Bonnie Kanja

    January 27, 2016 at 5:30 pm

    I am getting so disappointed with the process of filling in your application form on your web page. Each time I complete a page and follow those steps at the bottom, especially when I go to save, all the information is getting deleted and I cannot proceed to section 8, why? Please make the steps straight forward, why have you made it so complicated? Is it a way of you blocking some people or there are some unclear “conditions” you have attached to access your money? Please clarify so that we are not confused.

  14. Olawoyin Stephen

    January 29, 2016 at 7:35 pm

    i want to download tonyelumelu foundation form on entrepreneurship.

  15. Dave

    February 20, 2016 at 7:28 pm

    Is this really true

  16. odili michael chinedu

    February 25, 2016 at 1:20 am

    This is a great opportunity for Africans and we thank GOD for making him a blessing to AFRICA in general. I must say that he is a tool for development in our great continent. To all those who have access to this opportunity CONGRATS in advance….for even if you are not finally selected, you have been given the opportunity to see the beginning and end of your idea and i decree by the grace of GOD that somehow your visions for your idea will come to pass.

  17. Lugo

    February 29, 2016 at 4:57 pm

    This is a great great thing for an African Business man to do, So few African Business men are helping young African Entrepreneurs its unbelievable! Look at Europe and the West Millionaires right up to Billionaires are heavily investing in Ideas, and back here in Africa it’s all about flashing wealth rather than helping. Huge Big Up to Tony for taking the step not once but 2wice!
    To those complaining about the forms, you are not ready to make it in business period!
    The forms are actually easy to full in and save each page nicely, if you can’t get past those pages i highly doubt you’ll be succesful in your industry.
    The only concern i have is Whats in it for them, and will they steal ideas?
    If i tell them my idea and give them my website link so they can view my product, then tell them i project to make well over US$1 million a year . Why wouldn’t they steal it or just cut me out of the deal? Whats legally stopping them from doing that, and lets face it there’s noway you’d be able to sue them .
    Still going to apply, will just leave out or downscale certain elements of the plan . Good luck to all !See you at the top

  18. BASSEY OTU OKON

    April 1, 2016 at 10:30 am

    Management of BOSEMM TELECOMS wishes to apply to participate in the programme and business funding,

    Regards,

    Bassey Okon
    CEO
    Bosemm Telecoms
    +2348098004099

  19. Edike

    December 5, 2016 at 9:11 pm

    please Tony come back home and help to develop your state Delta, and your community because we are proud of your success as an industrialist and financial manager. please we need your mentor ship , create a forum we get in touch with you from grass root movement (Ogbeshi Sir)

  20. Aniebiet Isaac

    January 19, 2017 at 2:33 pm

    I want to be a member of this platform

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