ELUMELU IDEATION PROGRAMMEftranslators.com.ng/wp-content/uploads/2015/07/TEEP... · Goal • 10,000...

www.tonyelumelufoundation.org1 www.tonyelumelufoundation.org

THE TONY ELUMELU FOUNDATION

ENTREPRENEURSHIP PROGRAMME

Philosophy & Vision

www.tonyelumelufoundation.org/teep

Philosophy

• Africapitalism

• Commitment to drive African economic growth

• Mission to institutionalise luck

Vision

To equip entrepreneurs to contribute meaningfully

to Africa’s economic and social development.

Purpose


Identify

African startups and entrepreneurs with ideas that have the

potential to succeed

Grow

the businesses through training, mentoring, access to

information and membership to Africa wide alumni network

Create

businesses through initial seed capital investment and access

to on-going finance

Goal

• 10,000 transformative African startups in the next 10 years

• Create at least 1,000,000 jobs

• Contribute $10 billion in annual revenues across Africa

• Establish the pre-eminent African Entrepreneurship Programme


Tony Elumelu Entrepreneurship Programme


Pan-African Industry Sector Agnostic

Comprehensive & Accessible

Programme Cycle


Campaign Theme


Applications


1st January – 1st March 2015

Total Number of

Applications20,217

Applications Selected


Selection Process


Selection Criteria Feasibility Market Opportunity Financial Understanding

Scalability Entrepreneurship Potential

& Leadership Skills

External Reviewing of Applications

Selection of 1000 TonyElumelu Entrepreneursby the Selection Committee

Tony Elumelu Entrepreneurs 2015


30%

1%2%

2%2%

2%2%

3%3%4%5%8%

8%

9%

9%

10%

By Industry

Agriculture

Tourism & Hospitality

FMCG

Financial Services

Transport

Waste Management

Media & Entertainment

Construction

Energy/Power

Fashion

Healthcare

ICT

Manufacturing

Commercial/Retail

Education/Training

Other

29%

21%24%

24%

2%

Product/service development stage

Early development &

market testing

Growth

Idea

Market entry

Other

Tony Elumelu Entrepreneurs 2015:

By Demographics


29%

71%

TEEP 2015 Gender

Female

Male

0

10

20

30

40

50

60

18-27 28-37 38-47 48-57

%

Age

TEEP 2015 AGE DISTRIBUTION

7 Pillars of the



The Entrepreneurship Programme provides a unique framework that is

• Comprehensive

• Tailored for the African Entrepreneur

• dubbed “The 7 Pillars”

Learning Content


Enterprise Toolkit

• 12-week business

skills course

• Emphasises on

accelerated skills

growth.

Resource Library

• A curated online

resource of

business and

entrepreneurship-

related content• Accessible online

in the closed portal

Bootcamp

• Intensive training

event for further

business

development

• 2- day event with all entrepreneurs in

one location

The Curriculum Flow: Weeks 1-12

Week Topic

1 Defining the idea/product/service

2 Scoping your market opportunity

3 Developing your product/service

4 Pricing your product

5 Marketing your product

6 Building your team

7 Structuring your company

8 Managing your resources

9 Raising Money

10 Building your network

11 Developing your Business plan

12 Reviewing the Business


Mentoring


Mentoring in the programme is:

• Task-Oriented

• Online

• Administrative matching

Programme Mentors are• Passionate about business &

Entrepreneurship

• Willing to share their

experiences

• Have 3-4 hours a month

The Elumelu

Entrepreneurship Forum


An annual conference to showcase the

selected startups and feature talks from

established entrepreneurs.

Gathering for entrepreneurs and

stakeholders in Africa’s entrepreneurship

development.

Scheduled for 2016

Seed Capital Funding


Alumni Network


The Alumni Network is aimed at continuing sharing and collaboration

between the Entrepreneurs to ensure their continued growth and

expand on the unique Ecosystem online and offline.

Alumni will become mentors and participate in the entrepreneurship

forums for future cycles.



“Tony Elumelu Entrepreneurship Programme is Cradle to grace

concept. We catch them young (0-3 years), we provide training,

mentoring, capital and then we provide a platform that showcases

them across Africa and to the world” Tony O. Elumelu

What Distinguishes



• Made in African, by an African and for

Africans• Long term, sustainable and scalable

programme

• Private Sector Led

• Supporting entrepreneurs from ideation to early stage startups

• Annual Programme addresses ALL the

critical inputs and support Entrepreneurs

need in order to succeed.

Why is it important to grow

African Entrepreneurs


• Entrepreneurs create firms

• Young firms create the most JOBS

• African Entrepreneurship is central to

Africa’s prosperity.

• Mr. Elumelu believes we can’t afford to

waste this talent. He also says “It’s not up to

anyone else to develop Africa but us”


• Help build sustainable home grown

African companies

• Build a pan-African entrepreneurial

ecosystem

• Put African entreprnerus FRONT and

CENTRE on the global stage

• Support intra Africa connectivity and

trade through partnerships

Our Ambition


• Develop the definitive research on entrepreneurship in Africa

• Develop Advocacy Platform for African Entrepreneurship

• Make continuous improvements to the Tony Elumelu Entrepreneurship Programme

• Catalyse an African Entrepreneurs Movement Empowering Africa Through Entrepreneurship

Research and Advocacy


• Investible Pipeline• Failure is not an Option• Life long Ambassadors of the Programme• Tony Elumelu Entrepreneurship Online and

Offline Communities Across Africa

Expectations From YOU The Tony Elumelu Entrepreneurs


• Unity is strength, division is weakness. Swahili

• Sticks in a bundle are unbreakable. Bondei• It takes a village to raise a child. African• If you want to go quickly – go alone, but if

you want to go far-go together. African• A man cannot sit down alone to plan for

prosperity. Nigerian

African Proverbs

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