TEEP announces $3.7m seed money for 1,000 entrepreneurs

TEEP announces $3.7m seed money for 1,000 entrepreneurs

In continuation of its goal of enhancing the potentials an African youths, the Tony Elumelu Enterpreneurship Programme says it has concluded plans to offer unconditional support to about 1,000 African entrepreneurs through a start-up businesses development initiative.

The move according to the Foundation , was part of the vision and efforts of the Chairman to deepen the Nigerian economy and make Africa economy grow more indigenous entrepreneurs.

In a statement by the Tony Elumelu Foundation, the successful applicants of the 2016 edition of the programme would be given N850, 000 ($3,761), as non-returnable seed capital on completion of the programme.

According to the statement, the applicants are also eligible for a further N850, 000 ($3,761) in either debt or equity just as it indicated tha the selected entrepreneurs in 2016 will join the 1,000 inaugural participants of Tony Elumelu Entrepreneurs from 51 countries in 2015 to bring the total number of beneficiaries of the handsom reward to 2,000. Read more

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