How To Apply/Prepare For Tony Elumelu Foundation Grant 2024 ($5,000)
Are you an entrepreneur? Do you need seed capital to strengthen your business? Do you want to take your business to another height come 2024?
If all your answers were a resounding and a convincing yes, congratulations, all you need to do s to follow every detail of this page for a successful application and shortlisting
Tony Elumelu Entrepreneurship Program is an initiative that empowers aspiring Nigerian entrepreneurs who have an innovative, scalable and profitable business idea.
TEF is leading philanthropy empowering young African entrepreneurs across all 54 African countries,
Emerging Facts About The Tony Elumelu Foundation (TEF)
Starting 2015, the TEF Entrepreneurship Programme;
Is the only African-funded entrepreneurship catalyst
It has empowered 15,847 African entrepreneurs with a non-returnable seed capital of $5,000 each;
It offers Twelve weeks (12) of business management training;
It has provided over 400,000 direct and indirect jobs
Tony Elumelu Foundation (TEF) has a YouTube channel where they publish content related to their entrepreneurship program.
It has disbursed USD$24.75 million to 5000 African entrepreneurs across Africa for its 2024
It is the largest private-sector response to driving the economic recovery of African youth, women, and SMEs given the effects of the covid19 pandemic across Africa
I will advise you have a look at their channel if you have been invited to pitch your business idea.
How To Apply for Tony Elumelu Foundation (TEF) Grant 2024
Suitable and interested Applicants are t login via www.TEFConnect.com
10 Best Ways To Prepare For The Competition
Ensure to have at least one member of your team on the ground
If you can do a brand (Tshirt or Cap) ensure to wear it during your pitch or video
Have a proper pitch deck showcasing your product
Do a summary video of your product not more than 3mins in video
Do a business plan for your product and have it ready (They might not need it)
Know your financial analysis well and ensure your business is able to make a profit
Be fluent in speaking
Know your product well
Go to YouTube and learn how to pitch your product or services, if you fall under disruptors, make sure to showcase a sample of your product while pitching. Your pitching must be highly professional.
The last part is your business plan, they will keep rejecting it until you do a good job.
Once your business plan is approved, that is when you have finally arrived and can start planning on what to do with the grant
Outlined timelines for the TEF Entrepreneurship Programme activities in the coming months ( Subject To Changes)
Timelines
· Training & Coaching: May 3rd – July 29th
· Pitching Competition: Aug 23rd – Sep 24th
· Shortlisting & Selection: Sep 27th – Oct 8th
· Selection Announcement: Oct 11th
Congratulations once again”
SMS Formate Sent By Tony Elumelu Foundation
TEF is Massively Sending Invitation in this format
Dear XXXXXXXX,
“You have successfully completed the application assessment.
Based on your responses, you are in the disruptors category of the TEF 2024 Program.
This means that you are eligible to go on to the training segment for disruptors.
Our team would contact you any time after the 31st of March 2024 with details about the training and next steps.
Please be advised that this training does not mean you will receive seed capital as there will be further criteria to qualify for this.
Good Luck as you progress to the next stage.
Welcome onboard the TEF Entrepreneurship Program”
The Tony Elumelu Foundation
Dear applicant,
“Congratulations on successfully completing your application to the 2024 Tony Elumelu Foundation Entrepreneurship Programme and progressing to the training stage.
As you know, you have been placed in a specified category to receive contextualized, tailor-made training for your business. This training will take place on tefconnect.net.
