Tony Elumelu Foundation Grant Disbursement

The Tony Elumelu Foundation gives grants to federal students every year. The payment is to aid average or poor students financially. Students who apply and are selected often receive their financial aid in two or more disbursements.

The Tony Elumelu Grant is sponsored by the Foundation.

About Tony Elumelu Foundation

The Tony Elumelu Foundation (TEF) was established in 2010 by Tony O. Elumelu.

Tony Elumelu is a known entrepreneur, philanthropist, and investor who has a passion for developing Africa’s Economy. The foundation is active in 54 countries in Africa and is the leading champion of entrepreneurship in Africa.

The goal of the foundation is to empower men and women all over the continent. This goal was borne out of the belief that the private sector has an important role to play in the development of Africa and the creation of both social and economic wealth.

The mission of the foundation is accomplished through its well-planned programs, well-funded research, communities, convenings, and advocacy. The foundation also holds a Forum and a Connect every year.

The Forum is the largest gathering of entrepreneurs while the Connect is Africa’s digital hub for entrepreneurs.

Lately, the Tony Elumelu Foundation has mentored, trained, and empowered over 15,847 African Entrepreneurs through its Entrepreneurship Programs.

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Requirements for Application to the TEF

Below are some of the requirements for the Tony Elumelu Foundation Grant:

It is essential that applicants are 18 years and above.
The business must be in its idea form or early stage. If it’s in its early stage, it should not be more than 5 years in operation.

Benefits of the TEF Grant

Successful candidates are given a non-refundable seed capital of $5000 for their business.
Successful candidates are also opportune to attend a 12-week world-class business training
They also have access to the TEF Alumni network with over 15000 entrepreneurs across Africa.

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Requirements for the TEF Grant Empowerment

Below are some of the requirements that the Foundation has written on their official websites that candidates must have:

Applicants must prove that their business idea or entity is original. That is to say, applicants must have certifications that prove they have applicable rights, authorizations, consents and licenses to the business they are presenting. Doing otherwise can be a ground for disqualification.
Applicants can only submit one business idea or entity per entry. Submitting different business ideas/entities or submitting the same business idea/entity under a different identity could be a ground for disqualification.
A TEF Alumni or their business partner (s) should not reapply for the program subsequently, even if it is for a different business name or idea. This is considered as multiple application and could be a ground for disqualification.
The application and submission should be made by the individual behind the business idea or entity and not some other person. Put differently, third-party entries will not be accepted.
Applicants should avoid using methods such as automated devices or processors, macros, and scripts. Doing that could be grounds for disqualification.
Applicants must be eighteen (18) years and above at the time of application.
Applicants must have a permit from the government to conduct business in the country where they are located.
Applications that are considered offensive or to be in any way affiliated with terrorist or illegal activities will be rejected.

CLICK To Know When The First Batch Of the Tony Elumelu Grant will be Disbursed

Step-by-step Procedure on How to Apply for the TEF

You can successfully make your application by following these simple steps:

Go to the Foundation’s official website tonyelumelufoundation.org to complete an application form. The form contains mandatory questions that each candidate must answer concerning their personal lives and business.
You will be required to provide personal information such as your name, residential and permanent address, date of birth, email address, and active telephone number.
Applicants must be careful that the information they give is not wrong, falsified, or pirated. This is because, upon submission, the information you provided cannot be altered or changed.
After submitting your application, a confirmation email will be sent to you within one (1) business day.

All Candidates Must Note: If you are selected as a successful candidate, you are to give a prompt response to any request for information by the Promoter.

FAQ

How Much is Tony Elumelu Grant Worth?

Tony Elumelu Foundation awards $5000 seed capital to African entrepreneurs with profitable business ideas or who already have existing businesses under five (5) years. The seed capital covers mentorship, business management training and general empowerment.

How Long is the Tony Elumelu Foundation Training?

After the qualified entrepreneurs have been shortlisted, they are delegated to a specific group of more experienced and successful entrepreneurs for mentorship. They are then enrolled in Tony Elumelu Foundation Entrepreneurship Program business training which lasts for a period of twelve (12) weeks.

How Many Times Can I Take the Tony Elumelu Foundation exams?

The TEF is active and valid for two (2) years starting from the day you took the test.

Also, you can retake the test as many times as you want with thirty (30) days intervals between 2 takes in any location of your choice.

Is the TEF Form for Sale?

The TEF Form is Free! Applicants must note that they are not in any way required to make payment or make any purchase to access the website, submit an application or be considered eligible for the program.

Who Can Apply for the TEF Grant?

The TEF Program is open to all Africans who have a business idea or an existing business and is above 18 years of age.

We hope you found the article informative and directive.

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Chinaza

This post is originally written by Chinaza C. Ifeanyichukwu, a Professional blog writer and Editor. She boasts of over a decade of expertise in the recruitment sector, Chinaza provides up-to-date information on jobs and recruitment topics, career opportunities, and breaking news. Ensure you visit the website constantly so as not to miss any new updates!!

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