Here is a guide by past winners on how to apply for Tony Elumelu Entrepreneurship Program 2021. This page features all the tips you need to win the TEF entrepreneurship grant.
For more than 5 years, the Tony Elumelu Foundation has been helping young entrepreneurs from Nigeria, Ghana, South Africa, Kenya and other African countries establish and grow their business.
Not only do they reward promising entrepreneurs with money to help start and develop their business idea, they also mentor them on the best ways to grow their business.
Are you searching online for how to win Tony Elumelu Foundation grant?
You’ve come to the right place.
In this article, I’ll be sharing with you some very important tips to help you win the TEF entrepreneurship grant this year . Continue reading!
How Much Is The Tony Elumelu Grant?
The amount of the Tony Elumelu Foundation Entrepreneurship grant is US$5,000. As of the time of this writing (2021), that is approximately N1.8 Million.
Aside from the non-refundable seed funding grant, winners of the competition are also entitled to so many other benefits. For instance business networking and training from world-class business leaders.
Due to all these benefits, it’s important that applicants pay a close attention to all the requirements and application instructions. This will help guarantee their success in the program.
How Do I Apply For Tony Elumelu Foundation Grant?
To start your application process, simply visit the portal www.tefconnect.net with your browser and fill the application form. You can also download it at any time, once you are done filling it.
What Are The Requirements For Winning The TEF Entrepreneurship Grant?
During the application process, you will be required to provide the following things to ensure your winning.
1. Your full name (as it is on your government issued identity card)
2. Phone number and email address.
3. Your real date of birth.
4. A photo of your government issued identity card (national ID, Voters Card, Drivers license or International Passport)
6. Next of kin details
1. A profound business idea
2. Your business idea must fall within 3 of United Nations Sustainable Development Goals. It must be able to solve some of the problems facing humanity.
3. A business plan.
4. Your business must be between 1 – 3 years.
5. Business address
How To Win Tony Elumelu Foundation Grant (Tips From Past Winners)
Do you want to increase your chances of winning Tony Elumelu Foundation Entrepreneurship grant for 2021?
Carefully read the tips shared below by past winners of the grant.
1. Ensure you come up with a workable business idea. Your idea must be able to work anywhere. Not just in your location. If it is taken to a community in the next local government, state or country, it should work there.
2. Your business idea should be easy to understand. Anyone that reads it should be able to grab what it is in a glance, without calling you to explain it. Keep it simple and straight to the point.
3. Get your calculations in order. This is one of the ways you can prove to the organisers of the entrepreneurship program you actually know what you are doing or saying. Mind you the applications are reviewed by professionals. Any inconsistency in your calculations can be fatal.
4. Do not be in a hurry to submit. Read through everything you have written over and over. January 1st to March 1st is such a long time no t to be in a hurry. Ensure your grammar is simple yet correct.
5. Make your research well before and while filling your application. If there’s anything you don’t understand, be humble enough to ask for help from someone who knows better than you. $5000 is such a huge some of money that you shouldn’t let pride get in your way of winning it.
6. Pray and believe God. Even your name didn’t come out in the list of selected applicants, the ideas you will gain from the process can still be a great help to you and your business.
Tony Elumelu Foundation Entrepreneurship Program is one of the best funding opportunities for young African entrepreneurs.
The program rewards successful applicants with a seed funding grant of $5000. That is about N1.8M in Nigerian currency.
Have you been searching online for how to win the TEF entrepreneurship grant in 2021?
I hope you find this timeless information useful.