Budding entrepreneurs across Africa who applied to join the second annual Tony Elumelu Entrepreneurship Programme (TEEP) for start-up businesses based in Africa have emerged. In a comprehensive list that was published on www.tonyelumelufoundation.org shows details and resident countries of successful chosen candidates and the fields they are functional in ranging from Agriculture, Manufacturing, Media and entertainment e.t.c.

View List Here : http://tonyelumelufoundation.org/teep/wp-content/uploads/2016/03/TEEP_1000_NAMES_2016.pdf

The Tony Elumelu Entrepreneurship Programme application portal opened for entries  on January 1, 2016 and received  applications from all over Africa till Midnight WAT of March 1, 2016.

Successful applicants who completed the applications  have been shortlisted and will receive $5,000  as non-returnable seed capital, and are eligible for a further $5,000 in the form of either debt or equity, depending on business need and other criteria.

ViewListHerehttp://tonyelumelufoundation.org/teep/wp-content/uploads/2016/03/TEEP_1000_NAMES_2016.pdf

Selected entrepreneurs who have been shortlisted will join the existing cohort of 1,000 Tony Elumelu Entrepreneurs, from 51 countries, who formed the inaugural 2015 cycle of the programme and have thus far, received considerable benefits from their participation, including:

• Training: 12 weeks of training on how to set up and manage businesses with mentoring and financial support offered by The Tony Elumelu Foundation.

• Accelerated Growth: Over 90% of Tony Elumelu entrepreneurs, with existing businesses, have reported increased growth in the past year.

• Access to Further Funding: A significant portion of our entrepreneurs have accessed additional external funding through the platform provided by Tony Elumelu Foundation.

• Networking Opportunities: A flourishing alumni network has developed, providing personal linkages and business opportunities across the Continent.

View List Here : http://tonyelumelufoundation.org/teep/wp-content/uploads/2016/03/TEEP_1000_NAMES_2016.pdf

Founder, serial entrepreneur and philanthropist Tony O. Elumelu said:
“I believe in empowerment that can change the face of Africa as we know it. African entrepreneurs are our future leaders and I am passionate about giving them the opportunity to succeed.

The Tony Elumelu Entrepreneurship Programme is a major, deliberate effort on my part, to institutionalize luck and provide seed capital funding, mentoring, business training, pan-African networking and springboard that our aspiring Entrepreneurs need to leap from.”

CEO of the Tony Elumelu Foundation, Parminder Vir OBE, who made a call for an even broader participation in TEEP this year at the Inauguration, said,

“We encourage women and men with business ideas from all sectors, from every region, city, town and village across Africa, to apply. This is your programme and if you can demonstrate your passion and commitment, then this wonderful opportunity to become a Tony Elumelu Entrepreneur could be yours for the taking.”

The Tony Elumelu Entrepreneurship Programme was opened to citizens and legal residents of all 54 African countries.

ABOUT TEEP

TEEP is a commitment by the Tony Elumelu Foundation to identify and fund 10,000 African entrepreneurs over a 10-year period.

It is our answer to the question of how to catalyze change on a massive scale across Africa, seeking to add $10 billion of additional revenues to Africa’s economy; provide over one million new jobs; and create a new generation of empowered entrepreneurs.

TEEP commenced in December 2014, with a funding pledge of US$100m by the Foundation and the inaugural 2015 round drew over 20,000 applicants from 51 African countries.

Read more about TEEP at www.tonyelumelufoundation.org/teep/about-