The Tony Elumelu Foundation Entrepreneurship Programme (TEEP) is a holistic 12 month programme that will occur every year, for the next decade. This means that for the next 10 years, #AfricanEntrepreneurs stand a chance at making their ideas for transforming Africa come to fruition!
Each programme cycle begins with APPLICATIONS from January 1st until March 1st. The application portal opens and ushers in a new year for the programme and for prospective start-ups.
TEEP will accept applications from all across the continent, from various sectors including but not limited to;
The terms and conditions can give you an idea of what businesses are NOT eligible to apply.
Selection of TEEP start-ups takes place in the month of March. From thousands of applications, the Tony Elumelu Foundation, along with independent expert Selection Committee will select the 1000 BEST applicants to join the programme as certified #TEEP Start-ups.
In April all 1000 of our start-ups will log into the online mentoring and learning portal to begin the 12 week Start-up Enterprise Tool-kit training course. Start-ups will also be assigned a mentor from day one who will guide and support them throughout the 12-week course, and for the duration of this programme cycle! Start-ups will have access to a vast array of business resources, articles, videos, case studies and more in our curated Online Resources Library also hosted on this portal.
The Boot-camp and Elumelu Entrepreneurship Forum will take place annually in July. This will be an opportunity for expedition, live-learning of soft skills, and interaction between the 1000 start-ups, mentors, investors and other stakeholders in the entrepreneurship space.
Start-ups receive their first round of non-returnable Naira 850,000 or the local currency equivalent as seed capital investment at the end of the Boot-camp and Elumelu Entrepreneurship Forum.
From August to December, the start-ups will work with their mentors, the Naira 850,000 or the local currency equivalent, and all the online resources at their disposal to complete and solidify their business plans, in order to qualify for follow up funding – in form of a returnable Naira 850,000 or the local currency equivalent investment.
Start-ups will also be in the position to attract investors given that they have not only been ‘TEEP certified’ and displayed on the world stage, but they have viable business plans and truly transformative and implementable ideas!