How To Apply For Tony Elumelu Grant 2024: Applying for the Tony Elumelu Foundation Grant is a straightforward process that empowers entrepreneurs across Africa to transform their innovative ideas into sustainable businesses.
The Tony Elumelu Foundation, founded by Nigerian philanthropist Tony O. Elumelu, is committed to fostering entrepreneurship as a catalyst for economic development on the continent.
The TEF foundation empowerment program has been carried out yearly since its launch in 2015. The foundation typically selects its candidates from a host of applications received from all 54 African countries.
The selected candidates are then trained and mentored throughout a 12-week program. At the end of the program, the finalists are then funded with a non-refundable first stage seed capital of $5000 (five thousand dollars) to start up their proposed business.
A second stage returnable investment will then be made open to candidates whose businesses turned out successful.
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Here’s a brief guide on how To Apply For Tony Elumelu Grant 2024.
General Requirements for Tony Elumelu Grant 2024
- The applicant must be an African
- The business or business idea must be based in Africa.
- Interested applicants must have an already existing innovative businesses in the gestation stage of 0 to 3 years or have a very viable and profitable business idea.
- Applications will be considered irrespective of the sector
- The businesses or business ideas must be able to create employment.
Selection Process And Beneficiaries of Tony Elumelu Grant 2024
- Application Closure: After the application period concludes, candidates who make it to the shortlist will be notified and are required to participate in business training.
- Business Plan Submission: Successful candidates will be tasked with preparing and submitting a feasible business plan as part of the selection process.
- Training Performance Evaluation: Entrepreneurs demonstrating outstanding performance during the 12-week training period will progress to the pitching phase, conducted across the 54 African countries.
- Pitching Phase Outcome: Following the pitching phase, those emerging as the top entrepreneurs will be awarded a non-refundable seed capital of $5,000 (five thousand dollars).
- Beneficiary Announcement: The selected beneficiaries will be officially announced at the TEF Forum, and their success stories will be showcased on the TEFconnect website.
How To Apply For Tony Elumelu Grant 2024
The 2024 application has begun. Interested and qualified candidates should read more information about the 2024 application and also apply by clicking this link.
Or you can follow this guide below
- Sign in at TEFconnect.com.
- Click “PROGRAMMES” and APPLY for TEF 2024.
- Complete the four-part form, click SUBMIT.
- Check eligibility on-screen and email.
- If you are eligible, an email will be sent from the TEF team to direct you on how to commence your “TRAINING.”
I hope you now have the full understanding of how To Apply For Tony Elumelu Grant 2024. Remember that the Tony Elumelu Foundation Grant is not just a financial boost; it is an opportunity to join a network of like-minded entrepreneurs, gain mentorship, and access resources to grow your business. Approach the application process with sincerity and passion for making a meaningful difference in your community through entrepreneurship.
