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How to Apply for Tony Elumelu $5000 Grant in 2019

  • Dayo Adetiloye Business Hub

How to Apply for Tony Elumelu $5000 Grant in 2019

 

How to Apply for Tony Elumelu $5000 Grant in 2019Before January 2019!
How to Apply for Tony Elumelu $5000 Grant in 2019Before January 2019!

Tony Elumelu Foundation Application form

The Tony Elumelu Grant Questions

Here are the over 50 questions that you will answer.

 

TEF Question

Tell us about yourself, personal bio and what led you to become an entrepreneur (200 words)

 

Leadership Skills & Experience: 

Describe your leadership skills and experience for running the business (100 words)

 

Personal Achievement:

Elevator Pitch

In 50 words or less, describe your current business or idea

In more detail, describe your product or service (200 words)

Discuss your product and service in details as explained above. 

 

Wow Us

What is new, interesting or different about your product or service? (list 3 things)

Talk about the innovation in your idea/business – And your competitive advantages. 

 

Problem Solved

What problem does your product or service solve? (50 words)

Development Stage:

Which most accurately describes your product or service development stage?

Industry Sector * 

Select your company’s primary industry sector

Industry Sub-Sector 

Industry Represented in TEEP

Please select an industry sub-sector that is closest

Sustainable Development Goals * 

Of the following Sustainable Development Goals (SDGs), which one does your business idea/product/service most closely represent?

 

Company Structure

Company Registration:

Is your company registered?

No

Business Start Year * 

What year did you begin business operations?

– Must not be more than 3 years

Type of Business Entity 

What type of entity is your business?

– Sole proprietorship

Business Partners * 

Do you have any business partners?

No 

Primary Role * 

What is your primary role in the business?

The CEO

Employees:

Contractual:

Part Time: 

Full Time:   

Market Potential Addressable Market

How big is the addressable market for your product or service? (50 words)

Revenue Model * 

How will you get revenue in your business? (50 words)

Marketing Strategy * 

Explain how you intend to (or already do) market your products or services to your target market (50 words)?

 

Competitors * 

Who are your competitors/benchmark organisations? List your top 3.

 

Differentiating Factors * 

What differentiates you from other existing businesses in your field? (50 words) 

Current Milestone * 

What is your current milestone for business? (50 words)

Next Milestone * 

What is your next milestone for this business and how long will it take you to reach it? (50 words) 

 

Financials Invested Cash

What is the total amount of cash invested to date in this start up (in USD)? 

Monthly Expenses * 

What are your current monthly cash expenses (in USD)?  

Lifetime revenue *  

How much revenue has your start-up generated since inception (in USD)?

What is the projected break-even volume (quantity) for the business? (25 words) 

 

 

 Break-Even Revenue *  

What is the projected break-even revenue for the business (in USD)?

-For new ideas, you project into the future

-For exiting ideas, you tell us what you have experienced over time in running your business.

 

Business Impact

Impact

Describe what impact your business will have within your community, country for job creation, revenue generation or social development? (200 words)  – Explain this as it applies to your business 

 

Challenges * What are the top 3 challenges you face in operating or launching your business? (50 words)  

Challenges can be

Financial challenges, operational challenges, regulatory challenges e.g. accreditation, registration, licencing, etc.

 

Impact of Programme *

How do you intend to leverage the benefits of the Programme to improve your business? (200 words)

 

Aims & Objectives * 

Explain briefly what you hope to achieve from participating in the Tony Elumelu Entrepreneurship Programme? (200 words)  

 

Business Skills * 

What business skills do you most need to learn about?

  Pick as it applies you.  Finance, Business Development, Marketing, Sales, Human Resources, Software Development, General Management, etc. 

 

– Supply a mentor and provide the persons details here Name  Occupation  Address  Email  Phone Number    

Attestation Information Source * 

How did you hear about the Tony Elumelu Entrepreneurship Programme? 

Time Availability * 

If accepted into the programme, will you work full time on this business/idea?

Yes No 

Reason * 

If you cannot commit to working fulltime on this startup if accepted, please explain why? (50 words)     

Previous Accelerator * 

Have you taken part in any entrepreneurship programme/ accelerator programme or received any angel investment/grant in the past year? 

No

Referees * 

Please provide details of two character and/or professional referees. 

Referee 1    

Mobile Number  

Referee 2    

Mobile Number 

Full name, Occupation, Address, Email

 

4 Major Reasons Why People Don’t Win this Grant

1. No Unique story: If you have good idea and no good story of leadership, competence, emotional logic to back up the idea or business, you will not be selected.

2. No Unique Value proposition: If you are doing what every other person is doing in your industry and you are not bringing any new way of doing the business. You will not be selected. Your idea must be feasible and scalable. Infusing technology into your idea or business makes it attractive to them. E.g Website, mobile app or any technology that can drive your processes.

3. Unrealistic Financials: If you cannot articulate in accurate figures what you are selling, how you are going to make money and all the cost associated with it and the profit behind it.  You are not going to be selected. 

4. No/low Impact:  This is very important in this Grant, your business must have direct and indirect impact. You stand a better chance if you are going to impact 100s, 1000s or millions of people with your idea/business. 

Watch the video Below: 5 Projections for 2019 Tony Elumelu Application 5th Edition

E.g We at Dayo Adetiloye Business Hub pitch like this, 

If you give us this $5000 at our hub, we are going to impact 10,000 SMEs and startup by connecting them with Knowledge, opportunities and resources  to start, grow and expand their business in the 1st year of operation. 

And, that is what we are doing now by sending you this email. 

You see the reason why they have picked my organization to win the grant. 

Please, your impact must be realistic. It is professionals that will mark your work. They know what is possible and what is not possible.

 

NOTE: You Must Pass all these 4 criteria to Win the Grant. 

 

What You must NOT do as you apply in 2019

  1. Don’t submit the same application you submitted last year, the computer will screen you out. If you are working on the same idea, you must re-write everything in different tone of language.

 

  1. Get other people to review your work

 

  1. Encourage more Ladies to participate, don’t do it alone. Do for your wife, sister, aunty etc.

 

The website of the organization giving the $5000 Grant 

www.tonyelumelufoundation.org

The 2019 Applications will be hosted on www.tefconnect.com.

Who is Eligible to Apply? 

Anybody above 18years old from any of the 54 African countries. 

They don’t have upper age limit if you are 40,50 or 60years. You can Apply. 

 

Our Passion

We will like to work with any interested persons from any of these 54 African countries. 

 

If you need more clarification from all the things I have explained above 

You can reply this email or call / WhatsApp me on any of the following numbers

+2348076359735

+2348105636015

Or send me an email to: dayohub@gmail.com

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Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!

Dayo Adetiloye Logo

Author

Dayo Adetiloye Logo

Lets connect

Facebook Twitter Youtube

Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

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2 Responses

  1. Fanibuyan Boluwatife says:
    December 4, 2018 at 11:50 am

    When will 2019 Tony Elumelu grant be out

    Reply
    1. Dayo Adetiloye says:
      December 4, 2018 at 1:18 pm

      1st of January 2019

      Reply

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Dayoadetiloye.com is a property of Dayo Adetiloye Business Hub committed to connecting entrepreneurs with resources.

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