Nigerian Tony Elumelu Entrepreneurship

Programme (TEEP) to transform Tanzania

emerging entrepreneurs.
10th July 2015
Tanzania emerging entrepreneurs stand a chance to be empowered by the
Nigerian Tony Elumelu Entrepreneurship Programme (TEEP) through its Boot
Camp due to take place from 10th to 12th in Ota Nigeria.
Tony Elumelu Entrepreneurship programme (TEEP) launched in December
2014 is a $100 million initiative set to discover and support 10,000 African
entrepreneurs over the next decade, with a target of creating one million
new jobs and $10 billion in additional annual GDP contribution Africa wide by
the end of the programme. This multi-year programme of training, funding
and mentoring is designed to empower the next generation of African
entrepreneurs.
We hope TEEP can catalyze and encourage other African business leaders to
empower emerging entrepreneurs. If we all come together with requisite
resources we can make a significant difference. Commented Mr. Tony O.
Elumelu at a press conference held in Lagos recently as TEEP was
announcing the selected entrepreneurs from all over Africa who will join the
boot camp in Ota, Nigeria on 10th - 12th July 2015.
Mr. Elumelu also the Chairman of United Bank for Africa group the global
bank continued to say in empowering these emerging entrepreneurs, we
are providing the capital, the network, the training and support for them to
drive economic and social transformation throughout Africa, providing
solutions to their problems as well as securing their future and that of the
generation to come.
1,000 entrepreneurs were selected from over 20,000 applicants from all over
Africa. The selected emerging entrepreneurs are expected to converge in
Nigeria for a two day boot camp session, all expenses paid by TEEP, a $100
million Pan African entrepreneurship initiative. Amongst the thousands
selected, 17 Tanzanian get the chance to go to Ota in Nigeria to travel from
Dar es Salaam to be part of the boot camp on 10th July 2015 to join the other
emerging entrepreneurs from other countries.

During the farewell dinner organized for the entrepreneurs by United Bank
for Africa at Best Western Plus Colosseum Hotel in Dar es Salaam on the
evening of 9th July 2015. The Managing Director of the Bank had a word of
encouragement to the entrepreneurs we are delighted to be part of such

an initiative that appreciates efforts of emerging entrepreneurs giving

them more courage and making their ideas for transforming Africa
comes to fruition! Said Mr. Demola Ogunfeyimi, the MD of Africa's global
bank which has seen through the preparations of the send off for the 17
entrepreneurs to Ota in Nigeria.
M/s Mercy Kitomari one of the emerging entrepreneurs from Tanzania was so
excited about the opportunity hailing Tony Elumelu Foundation (TEF) and
UBA for the efforts they have made to ensure they arrived Ota in Nigeria
smoothly. "This was something I didn't expect but when the opportunity
arose, I had to grab it all thanks to TEEP the flagship programme of Tony
Elumelu foundation and UBA for making all things possible for me and the
other entrepreneurs. This means a lot for our growth. We need such
foundations and Banks with the interest of people like us at heart who want
to contribute to the development of our communities seeing through our
projects making our ideas come to light, concluded the overwhelmed
emerging entrepreneur.
In the build-up to the boot camp, the Tony Elumelu Foundation had engaged
the emerging entrepreneurs in a 12-week online training programme that
culminated in this thrilling two-day session. The boot camp format will be
predominately plenary style sessions from speakers with proven track record
in business and leadership. The entrepreneurs will participate in sessions
including an open mic with Founder Tony O. Elumelu, CON, and other
captains of the industry.
Speaking on the ideals of the programme and the need for the training,
Parminder Vir, CEO of the Foundation says, We are excited to be pushing the
envelope and providing a springboard for this set of emerging African
entrepreneurs to take over the world with their innovative ideas, beginning
from their local communities. At the end of this bootcamp, we want them to
have come, seen and be transformed into full-fledged entrepreneurs and
ambassadors for Africapitalism.
The winners represent 51 African countries and territories including Tanzania,
as well as a multitude of value adding sectors ranging from agriculture to

education to fashion to ICT. All five African regions North, East, Southern,
Central and West Africa are represented as well as each of 36 states and
Federal Capital Territory in Nigeria. Additionally, all major language blocs,
Anglophone, Francophone, Lusophone and Arabic Africa. More than anything
else, they epitomise the opportunity and promise of Africa.
The aim of the boot camp is to train and transform emerging entrepreneurs
into full fledged entrepreneurs and ambassadors for Africapitalism a great
treasure for the African continent in the entrepreneur sector.
About TEP
The Tony Elumelu Foundation is an African-based, African-funded
philanthropic organization. Founded in 2010, our mission is to support
entrepreneurship in Africa by enhancing the competitiveness of the African
private sector.
We believe our work is driving lasting solutions that contribute positively to
Africas social and economic transformation. Employing an integrated
approach that utilizes impact investments, selective grant making and policy
development, we seek to influence the operating environment so that
entrepreneurship in Africa can flourish.
It is our central belief that a vibrant African-led private sector is the key to
unlocking Africas economic potential. With the right support, entrepreneurs
can be empowered to contribute meaningfully to Africas prosperity and
social development, giving back in tangible ways like creating jobs.
As an African foundation, we aim to inspire truly pan-African institutional
philanthropy that will resolve critical social issues on the continent.
http://tonyelumelufoundation.org/about/
About TEEP
This is the Foundations $100 million flagship entrepreneurship programme,
with the mission to identify and grow 10,000 African entrepreneurs, create 1
million jobs, and add $10 billion in annual revenue across Africa over the
next decade.

The Tony Elumelu Foundation Entrepreneurship Programme (TEEP) is the

flagship entrepreneurship programme of the Tony Elumelu Foundation,
founded by the entrepreneur, respected investor and philanthropist Tony O.
Elumelu.
The pan-African programme is inspired by the Founders:

Inclusive economic philosophy of Africapitalism, based on the belief

that a vibrant African-led private sector is the key to unlocking Africas
economic and social potential,

Commitment to drive African economic growth through the fostering of

African entrepreneurship,

Mission to institutionalise luck and create an environment where homegrown pan-African companies in various sectors can flourish.
VISION
Our vision is to establish the pre-eminent pan-African entrepreneurship
programme and create 10,000 startups across Africa within the next 10 years
that generate significant employment and wealth.
PURPOSE
Identify 10,000 African startups and entrepreneurs with ideas that have the
potential to succeed
Grow the businesses through business skills training, mentoring, access to
seed capital funding, information and membership in our Africa-wide alumni
network
Create businesses that can generate at least 1,000,000 new jobs and
contribute at least $10 billion in new annual revenues across Africa
The Tony Elumelu Foundation Entrepreneurship Programme is a tool for
implementing this vision. The programme is open to young compelling
businesses with strong market feasibility, clear financial models and run by
capable teams.
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 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.
The 7 Pillars of TEEP
1. STARTUP ENTERPRISE TOOLKIT

Tony Elumelu Foundation Entrepreneurship Programme (TEEP) operates with

the belief that entrepreneurship and business skills are teachable and
learnable. This is why we have devised a 12-week programme to equip
startups with the basic skills required to launch and run their businesses at
the early stage of their growth. We will bring together the best tools and
frameworks to teach and hone entrepreneurship skills in Africa and globally.
The programme will be a mix of online and face-to-face instruction, including
webinars and video tutorials with support from your mentor throughout. It
will cover topics on starting and scaling a business, business development,
marketing strategy, effective management and product design.
2. MENTORING
The importance of mentoring cannot be overemphasised, especially for early
stage startups. They are a vital part of the Tony Elumelu Foundation
Entrepreneurship Programme (TEEP) and will be selected for their expertise,
passion and alignment to the programme vision and mission. TEEP will
assemble world class mentors from across Africa and internationally who
faced similar challenges and can steer TEEP startups along this tumultuous
path.
From the onset, TEEP start-ups will be assigned a TEEP mentor who will
dedicate time and share their business experiences, listen to their mentees
goals and expectations and provide guidance and support throughout the
programme. They will keep the startups on track to complete their business
plans and to help them build a business with a solid foundation.
Mentors will also benefit from collaborative learning and by helping start-ups,
they may be inspired with new ideas, new business strategies and learn
more about the realities of doing business in Africa from African startups.
3. ONLINE RESOURCE LIBRARY
Start-ups, alumni and mentors of the Tony Elumelu Foundation Programme
(TEEP) will have access to our curated online resource library of case studies,
sample business plans, research documents, video presentations, industry
articles and podcasts that will enhance the competitiveness of TEEP startups,
accessible from anywhere in Africa. All course content and training materials
used at the boot camp will also be cross-linked with the training modules,
accessible on the online resource library.

Our goal is to provide a valuable library of relevant content for African

entrepreneurs over time that will also be available even after graduating
from the programme.
4. BOOTCAMP
This is an intense interactive two-day live action learning experience where
specialist trainers will help startups develop a range of soft skills using faceto-face, interactive teaching methods. This will take place at the end of the
12-week online training programme and prior to the Elumelu
Entrepreneurship Forum. The 1000 pan-African TEEP startups will gather in
one location to share their stories, build networks and develop their soft skills
through personal engagement in an interactive environment.
All selected start-ups will be expected to attend this boot camp and logistics
expenses are covered by TEEP (see Terms and Conditions).
5. ELUMELU ENTREPRENEURSHIP FORUM
TEEP will host an annual Elumelu Entrepreneurship Forum to showcase the
African startup to a global audience of entrepreneurs, incubators, business,
corporations, government, investors, academia and foundations. It will be a
time of engagement, networking, learning and inspiration for start-ups as
they conclude their TEEP tenure, and a chance to hear from world renowned
executives, scholars and entrepreneurs.
The Elumelu Entrepreneurship Forum will grow to become the signature
annual entrepreneurship event on the continent; a showcase of the
innovation and entrepreneurial potential that exists across Africa.
At the closing ceremony of the forum, the graduates from the programme
will be presented with seed capital funding and invited to join the Tony
Elumelu Entrepreneurship Alumni Network.
6. SEED CAPITAL FUNDING
The African startups that successfully complete the 12-week programme with
the support of their mentors and attend the two-day bootcamp and the
Elumelu Entrepreneurship Forum will be awarded a non-returnable
investment for further development of their business idea. Tony O. Elumelu,
the Founder of the Tony Elumelu Foundation Entrepreneurship Programme
(TEEP), will present the investment cheque, at the close of the three-day
conference.

TEEP startups will be continuously monitored on both a portfolio and

individual basis as we evaluate the startups for follow-on funding and
beyond. The qualifying startups that have progressed their business plans
sufficiently will each qualify for a second stage seed capital investment of
$5,000 that will be provided as returnable capital.
7. TEEP ALUMNI NETWORK
The Tony Elumelu Foundation Entrepreneurship Programme (TEEP) is a yearlong programme in which selected start-ups each go through a 12-week
training course, develop a rapport with a mentor and build the business.
Graduation in December of each year marks the end of the programme and
one might wonder, what next?
TEEP will definitely not leave one out in the cold the alumni network is
where one can continue to connect with mentors and fellow TEEP start-ups,
access the vast online resource library and be kept totally in the loop with
TEEP.
The TEEP Alumni Network fosters a spirit of loyalty, comradery and
dedication to give back to the programme, thereby promoting the general
welfare of the programme and all those it has impacted.
This will become Africas largest entrepreneurship-focused alumni network,
providing a safe and secure environment in which to facilitate sharing and
collaboration around content, knowledge and information. The Alumni
Network will provide a unique ecosystem for African startups to crosspollinate grassroots businesses with energetic and passionate entrepreneurs
all across Africa.
Benefits of the 7 Pillars of TEEP
The combination of all of TEEPs modalities; the online live-learning support,
web mentoring, immersive boot camp, resource library, global
entrepreneurship forum, seed funding and membership of the alumni
network provides a unique system of intensive and effective support for the
start-ups. The end outcome being strong viable businesses, which go on to
create new jobs, more new revenue and ultimately enlarge Africas private
business sector.
http://tonyelumelufoundation.org/teep/
About United Bank for Africa (UBA)

Please check https://www.ubagroup.com/

Or http://ubaintranet:911/