The Tony Elumelu Foundation, the organization founded by Nigerian multi-millionaire investor Tony Elumelu to develop the next crop of African entrepreneurs, has announced TEEP 2016, the second annual round of the $100m Tony Elumelu Entrepreneurship Programme (TEEP) for emerging African entrepreneurs.
In 2015, 1000 young entrepreneurs from across Africa were selected into the programme and were equipped with mentoring, business training and start-up capital. In all, the Tony Elumelu Foundation invested approximately $4,860,000 in various businesses, including $1,405,000 in agriculture; $410,000 in education and training; and $365,000 in manufacturing. The sector-agnostic programme funded start-ups across a further 20 industries, all based in Africa.
TEEP, a Pan-African entrepreneurship initiative of the Tony Elumelu Foundation, is a multi-year programme of training, funding, and mentoring, designed to empower the next generation of African entrepreneurs.
Every year, for the next 9 years, TEEP will select 1,000 start-ups and young businesses from across Africa. The 1,000 start-ups selected from a pool of applicants will participate in a comprehensive programme which will include a customized 12-week business skills training course, mentoring, an entrepreneurship ‘boot camp’ and seed capital funding among other things.
TEEP opens for entries at 00:00am West African Time on 1st January 2016 and will accept applications until midnight WAT on March 1st, 2016. To be eligible, entrepreneurs must complete the online application form with questions on their background, experience and business idea, plans for growth and proposed pan-African impact. Further guidance and application procedures can be found on the online portal: http://TonyElumelufoundation.org/TEEP. – See more at: http://www.gistpost.com/2015/12/tony-elumelu-entrepreneurship-programme.html#sthash.cEHSWGLf.dpuf