You are probably reading this because you have tried over and over to gain a business support and like to know how best you can partake in Tony Elumelu Foundation (TEF) grant 2021 before it closes. I will be sharing tips, updates and links that can help you succeed in applying for TEF 2021 in this post.
Established in 2010, The Tony Elumelu Foundation (TEF) is an African private-sector-led philanthropy in Africa championing entrepreneurship and entrepreneurs across the continent. The Foundation’s long-term investment in empowering African entrepreneurs is emblematic of Tony Elumelu’s philosophy of Africapitalism, which positions Africa’s private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent. The Foundation’s flagship initiative, the TEF Entrepreneurship Programme, is a 10-year, $100 million commitment to identify, train mentor and fund 10,000 entrepreneurs, capable of changing the face of business across Africa.
The following are salient points that can help. If after going through you still need a one on one assistance to carry out the registration our hotline is +2348168052442 (whatsap).
Result is Now Immediate
You no longer need to wait till March ending to know if you are among those going to the next stage of the program. Your status is announced immediately with a back up email.
Reapplication
You probably now get fed up after a number of application. Please ensure to apply before this year’s registration is closed. So long your business is still at idea level or less than 3 years in operation don’t miss this year’s application.
General Business Packaging to Attract Grant
Ensure your idea/business is well packaged. Businesses that are technologically inclined will always stand out. Search and include technology in your business.
Avoid giving a business address in a location far away from where you live. If you are too far from your business location it is assumed that you may not be able to monitor the business well.
While describing your business use enough statistics to drive your point. You can make feasibility consultation on your business first before applying.
A business website, a business plan and a registered business attracts more investor’s attention. Your website is there for a quick view of what your brand is all about. Your business plan tells investors you are not doing trial and error but working with facts and figures from feasibility study and experiences in the business. And of course a registered business with corporate affairs commission and other necessary bodies shows you are a responsible businessman. This boosts investors’ confidence in you. You can check our give away package of Business Starter (comprising of Business plan, Business registration and Business Website) by dedicated service providers on PC Mart.
Read from Experiences
- Read from online resources on guides to apply to gain enough confidence in your application. Here is our recommendation: https://dashingwords.com.ng/how-to-win-the-2020-tony-elumelu-foundation-grant-a-step-by-step-guide
What the TEF Entrepreneurship Programme Offers:
- Business Training
- Mentorship
- $5,000 non-refundable seed capital
- Global Networking Opportunities
Eligibility/Criteria
- Startup African entrepreneurs based in Africa
- Business at the idea stage are welcome, as well as innovative businesses that have been in existence for less than 3 years
- Business can be in any sector
- Business must have potential to create jobs and revenue on the continent
Selection Process:
- Following applications, African entrepreneurs will undergo business training.
- Shortlisted candidates will prepare and submit an updated business plan
- Top performing entrepreneurs will be shortlisted to go through a pitching phase in all 54 African countries, in English, French, Portuguese or Arabic.
- Top performers will be selected to receive the $5,000 seed capital.
- Finalists to receive $5,000 seed capital will be announced at the TEF Forum
How to Apply
Log on to the multilingual application portal on www.tefconnect.com to sign up today.
Click on “Apply” and fill the form.
Timelines:
- January 1, 2020: Application portal opens
- March 31, 2020: Application portal closes; initial longlist is announced to proceed for business training
- April – May: Training & mentorship
- June: Pan-African pitching competitions
- July: Announcement of finalists at the TEF Forum
- August – September: Background Check
- August – December: Seed Funding Disbursement