Nigerian billionaire to fund 1000 startups

In Events, Innovation

Struggling Kenyan startups should look to take their businesses to the next level with an upcoming seed backed mentorship opportunity.

With the application window set for opening on January 1 next year, the Tony Elumelu Foundation Entrepreneurship Programme to be in its third edition is again looking to enroll not more than 1,000 African entrepreneurs in a 12-week crash course on building successful enterprises.

Yet the applicants have to submit ideas that have the potential to create at least 1 millions jobs and inject at least 10 billion US dollars to the economy in 10 years.

The programme is open to young compelling businesses with strong market feasibility, clear financial models and run by capable teams,” reads a note on the Foundation’s website.

Besides, notes the “About” page in part , selection into the programme will be “a thorough process with no quotas of any kind to simply identify the game changers in the continent.”

The programme will support selected Tony Elumelu Foundation Entrepreneurs through the 7 Pillars of TEEP, a framework that includes mentorship, online and live learning, as well as access to information, networking and seed capital.”

BY MOSES OMUSOLO

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