20 Steps to Prepare, Apply and Win the 2019 Tony Elumelu Foundation $5000 Grant and Other Grants in Africa

19 Responses

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Farotimi Olaoluwa says:

November 20, 2018 at 8:53 pm

Thank you sir, for the great information

Reply
Julius Solomon says:

December 9, 2018 at 12:25 am

nice write up just that for start-up business to be able to have all you listed in this article is 90% impossible for the fact that CAC full registration is over 60k, setting a website and all other things is just something else, but seriously the experience any qualified applicant is going to gain will worth it and it will be a ground breaking opportunity for any applicant. cheers!!
By the way there other ways of raising funds for business too, i have some great articles on it in my blog at slooreviews.

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1. Dayo Adetiloye says:
  
  December 10, 2018 at 8:24 pm
  
  You don’t need 60k CAC reg to win. I won as a new business and it was latter i register the business.
  
  Just write your answers very well.
  
  Good luck
  
  Reply
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Prinx says:

January 10, 2019 at 6:31 am

Thank you Dayo,
Your write ups are always eye-opening and full of quality information.
For the 2019 TEF applicants you should be very mindful of how you would score your points, because your TEF application is scored over a total of 100 marks on 5 sections as shown below:
You can find the complete chart of how scores is earned on each section at https://jinows.com/2019/01/08/tony-elumelu-foundation-programme-2019-guide/

1. FINANCIAL UNDERSTANDING (10 marks)
2. LEADERSHIP/ ENTREPRENEURSHIP SKILLS ( (15 marks)
3. BUSINESSES FEASIBILITY ( 20 marks)
4. MARKET OPPORTUNITIES (25 marks) and lastly
5. SCALABILITY (30 marks)

For example you’d earn the 10marks from financial understanding. Your financial understanding would be scored based on the following criteria;

a). Does the logic of making money ( revenue) in this business add up? (3marks)

b). Does the current expense reflect all the possible operating cost associated with the business? (3marks)

c). Is the financial forecast for this business realistic? (2marks)

d). Does the break-even revenue/value reflect the time value of the invested cash/ cash to be invested? (2marks).

Reply
Prinx says:

January 10, 2019 at 6:48 am

Thank you Dayo,
Your write ups are always eye-opening and full of quality information.
For the 2019 TEF applicants you should be very mindful of how you would score your points, because your TEF application is scored over a total of 100 points on 5 sections as shown below:
You can find the complete chart of how scores is earned on each section at https://jinows.com/2019/01/08/tony-elumelu-foundation-programme-2019-guide/

1. FINANCIAL UNDERSTANDING (10 marks)
2. LEADERSHIP/ ENTREPRENEURSHIP SKILLS ( (15 marks)
3. BUSINESSES FEASIBILITY ( 20 marks)
4. MARKET OPPORTUNITIES (25 marks) and lastly
5. SCALABILITY (30 marks)

For example you’d earn the 10marks from financial understanding. Your financial understanding would be scored based on the following criteria;

a). Does the logic of making money ( revenue) in this business add up? (3marks)

b). Does the current expense reflect all the possible operating cost associated with the business? (3marks)

c). Is the financial forecast for this business realistic? (2marks)

d). Does the break-even revenue/value reflect the time value of the invested cash/ cash to be invested? (2marks).

Reply
Nwefi James Nwiboko says:

February 15, 2019 at 9:37 am

Thank you Sir for making this great opportunity achievable one for the people of this great continent, Africa. And most especially in Nigeria. I am very impressed.

Reply
1. Dayo Adetiloye says:
  
  February 15, 2019 at 11:37 am
  
  Thanks James. we really appreciate.
  
  Reply
Nwoye Jennifer says:

March 26, 2019 at 5:19 am

Thanks. Is there any grant for those who want to further their education?

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PayPal Nigeria says:

June 11, 2019 at 3:56 pm

Nice article you’ve got here from a nice blog. Thanks

Reply
Bulus John Bila says:

January 5, 2020 at 11:50 pm

For the person asking whether there is grant to further one’s education. Please know that we are talking business and not education for grants.Education is good, but how many has it been able to help in our country today?

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Emem Inwang says:

March 7, 2020 at 3:15 pm

I just have to try this out. It will really help me get started.
Thanks for this information.

Reply
1. Dayo Adetiloye says:
  
  March 7, 2020 at 7:08 pm
  
  You are welcome.Try it out.
  
  Reply
Newton says:

April 30, 2020 at 12:44 am

I definitely need to try this out, maybe it’s just what I need for my business

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Agyo James says:

May 23, 2021 at 10:44 pm

what a nice post, i will surely link to this article, here is a blog post that i published on my own blog, you can also check it out stepzee

Reply