Strategic adjustments had been made to the TEF Entrepreneurship Programme Cycle.
These adjustments, which took impact from January 1, 2020, will present extra worth throughout the continent and obtain the mandate to rework the African continent via entrepreneurship.
This is without doubt one of the bulletins heralding the 10th 12 months anniversary of the Tony Elumelu Foundation.
What is totally different concerning the TEF Entrepreneurship Programme?
- Leveraging expertise, candidates will now obtain on the spot suggestions on their utility – this suggestions will allow them to know in the event that they go on to the subsequent stage
- Those chosen for the subsequent stage will go on to obtain business coaching and in the event that they progress of their coaching duties, they are going to obtain mentorship tailor-made to their business wants.
- A pitching competitors will likely be organized in June to find out the ultimate beneficiaries.
- The remaining beneficiaries who will obtain the $5,000 seed capital will likely be introduced in Q3 2020. Seed capital disbursements will comply with after due diligence.
Please see responses to your continuously requested questions (FAQs) beneath.
Has the applying course of modified?
The utility kind has been enhanced to incorporate Business Plan and
character kind questions. You will even be instantly notified of the
outcomes of your utility.
When will the Final Beneficiaries be introduced?
utility, you’ll obtain an instantaneous notification on the outcome
of your utility. Only shortlisted candidates will transfer on to the
subsequent stage which is to obtain the business coaching and mentorship.
remaining beneficiaries, who would have emerged prime on the pitching
competitors, will likely be introduced on the TEF Forum – the biggest
entrepreneurship convention in Africa – this 12 months. This remaining checklist will
obtain $5,000 seed capital.
What advantages will the chosen beneficiaries take pleasure in?
All shortlisted entrepreneurs will obtain coaching, mentoring and entry to the huge community accessible on TEFConnect.
However, solely remaining beneficiaries introduced as TEF Alumni will obtain the funding.
Will the coaching nonetheless be for 12 weeks?
Yes, coaching will nonetheless span 12weeks. However, it will likely be tailor-made to every applicant’s information of companies and want state.
Will there be seed capital disbursements?
However, Training and pitching competitors will likely be completed earlier than the
remaining number of candidates who’re eligible to obtain the $5000 seed
Will everybody chosen into the programme obtain seed capital?
solely entrepreneurs who full the coaching programme with required
grade scores and are profitable on the pitch competitors will obtain
Will all entrepreneurs be required to pitch?
To be eligible to obtain the $5000 seed capital, candidates who
efficiently full their coaching with the required grade rating will
be invited to pitch for an opportunity to obtain funding.
How will the ultimate beneficiaries be chosen?
Final beneficiaries will likely be chosen based mostly on the outcomes of the pitching competitors.
When will the ultimate checklist of beneficiaries be introduced?
The remaining checklist of beneficiaries who will obtain funding will likely be introduced in Q3 2020.
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