THE TONY ELUMELU FOUNDATION

ENTREPRENUERSHIP PROGRAM

HOW TO GO ABOUT THE

APPLICATION TECHNICALITIES
 AT NEW COVENANT CHURCH
MONIYA IBADAN
BY
AMOLE AYODEJI BABATUNDE
+2348142693681, +2348079288406
amoleayodeji@gmail.com

DYNAMIC ZENITH BUSINESS WORLD

SURVEYING & GEOINFORMATICS * G.I.S EXPERT * AGRICULTURE*
ENTREPRENUERSHIP
 JOURNEY SO FAR
• 3 CYCLES – 3000 ENTREPRENUERS
• Received 158,000 applications
from African entrepreneurs in 107
countries
• Empowered nearly 3,000
businesses with 12-weeks of
online training
• World-class mentoring
 JOURNEY SO FAR
Invested a total of $14,235,000
$4,270,500 in agriculture
$1,285,000 in ICT
$1,245,000 in education and training
$7,400,000 more in start-ups across 19
other sectors.
 JOURNEY SO FAR
Invested a total of $14,235,000
 JOURNEY SO FAR
Invested a total of $14,235,000
$1,285,000 in ICT
 JOURNEY SO FAR
Invested a total of $14,235,000
$1,245,000 in education and training
 JOURNEY SO FAR

$7,400,000
more in start-
ups across 19
other sectors.
 ELIGIBILITY
• Must be 18 above.
• Must be a citizen of any
African country with your
Business based in Africa.
• Your business must be
profitable not an NGO
 FUND STRUCTURE
$ 5,000 SEED CAPITAL

$ 5,000 EQUITY / INVESTMENT

 PROGRAM DESIGN

The programme is designed to

democratise luck and provide
opportunity to African entrepreneurs
 AFRICAPITALISM

Creation of capitalist economy that is driven

by Africans to serve the major needs of
Africans in all private sectors
QUESTIONS TO WATCH OUT FOR
 WHAT IS THE NAME OF YOUR
COMPANY?
Here you are expected to write the
name of your company whether
registered or not registered. if your
application scales through, you will be
required to register your company
before you get the grant.
BUSINESS COUNTRY
Write down the country of your
business residence
TELL US ABOUT YOURSELF, PERSONAL
BIO AND WHAT LED YOU TO BECOME
AN ENTREPRENEUR
DESCRIBE YOUR LEADERSHIP SKILLS
AND EXPERIENCE FOR RUNNING THE
BUSINESS
TELL US SOMETHING IMPRESSIVE
YOU HAVE PERSONALLY BUILT OR
ACHIEVED
 ELEVATOR PITCH
Do you know that the recycling
industry is currently worth 500Billion
dollars and yet about eight million
tons of plastic ends up in the ocean on
a yearly basis causing water pollution
which drives sea life into extinction?
My company vents into seas and
recycles these plastics into wearables.
 DETAILED DESCRIPTION OF YOUR
PRODUCT OR SERVICE (200 WORDS)
 WHAT IS NEW - INTERESTING OR
DIFFERENT ABOUT YOUR PRODUCT
OR SERVICE? (LIST 3 THINGS)
 WHAT NEW THING ARE YOU
PLANNING TO ADD OR INCORPORATE
INTO YOUR BUSINESS ?
PROBLEM SOLVED - WHAT PROBLEM
DOES YOUR PRODUCT OR SERVICE
SOLVE? (50 WORDS)
My inventory app will completely
eliminate the manual method of
taking stocks in both small and big
companies as the app will give up to
date information of stock flow on a
daily basis
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)
We will raise money by charging an
extra 10 percent of the cost of items
from Amazon, we will also get a 20
percent share from the delivery
channels we partner with to deliver
item to our customers.
 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)
My products will be cost effective
because I produce my own raw
materials unlike my competitors who
buys raw materials from vendors at a
high price.
 CURRENT MILESTONE - WHAT IS
YOUR CURRENT MILESTONE FOR
BUSINESS? (50 WORDS)
Achievements since the conception of
your business idea
 NEXT MILESTONE - WHAT IS YOUR
NEXT MILESTONE FOR THIS BUSINESS
AND HOW LONG WILL IT TAKE YOU TO
REACH IT? (50 WORDS)
INVESTED CASH - WHAT IS THE TOTAL
AMOUNT OF CASH INVESTED TO DATE
IN THIS STARTUP (IN USD)?
 IMPACT - DESCRIBE WHAT IMPACT
YOUR BUSINESS WILL HAVE WITHIN
YOUR COMMUNITY, COUNTRY FOR
JOB CREATION, REVENUE
GENERATION OR SOCIAL
DEVELOPMENT? (200 WORDS)
 CHALLENGES - WHAT ARE THE TOP 3
CHALLENGES YOU FACE IN OPERATING
OR LAUNCHING YOUR BUSINESS? (50
WORDS)
 AIMS & OBJECTIVES - EXPLAIN
BRIEFLY WHAT YOU HOPE TO ACHIEVE
FROM PARTICIPATING IN THE TONY
ELUMELU ENTREPRENEURSHIP
PROGRAMME?
WHAT BUSINESS SKILLS DO YOU
MOST NEED TO LEARN ABOUT?
BENEFITS
Fund $5000 ( non refundable).
Tony elumelu alunmi network.
Access to business tools.
Access to attend the TEF forum 2018.
Full catalogue of business and services source
Mentorship
Robust and educative online class
Certificate of Achievement
You remain a Tony Elumelu entrepreneur for life
 BENEFITS
Fund $5000 ( non refundable)
Tony elumelu alunmi network
Access to business tools
Access to attend the tef forum 2018
Full catalogue of business and services source
Mentorship
Robust and educative online class ( harvard
business school)
Certificate of
You remain a tony elumelu entrepreneur for life