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HomeArticlesGuidelines on TETFUND Enterprise Challenge with N10m in Funding

Guidelines on TETFUND Enterprise Challenge with N10m in Funding

The Ugwumba Center for Leadership Development in Africa is happy to unveil the 2024 TETFUND Enterprise Challenge, a pioneering program that seeks to nurture young African firm owners. This idea generation and grants initiative will seek to help turn desire, skill and interest into enterprise, whether for profit or not, for the development of economy on the continent.

Cultivating Entrepreneurial Mindsets

The TETFUND Enterprise Challenge is therefore, designed based on pitching competition and this pushes the participants, young entrepreneurs, to the extreme best that they can offer through their creativity, sustenance, and gall. Applicants will go through a detailed Boot Camp and a Pitching Competitions, where they will be able to work with tutors, get a professional assistance, and develop their business visions. Financial and technical support to the most promising among them will be offered for the purpose of bringing the outlined visions into life.

TETFUND Enterprise Challenge Rewards and Recognition

The top 10 finalists will receive the following prizes:

  • 1st Prize: N2 million
  • 2nd Prize: N1 million
  • 3rd Prize: N700,000
  • 4th Prize: N500,000
  • 5th Prize: N300,000
  • Consolation Prizes: N100,000 each for the remaining 6th – 10th finalists

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TETFUND Enterprise Challenge Eligibility and Requirements

To be part of this exciting opportunity, applicants must:

  • Be young entrepreneurs in Nigeria between 18 – 40 years of age
  • Have innovative ideas that can be transformed into successful business ventures or social enterprises

TETFUND Enterprise Challenge Selection Process and Timeline

The selection process includes:

  • Call for Applications: August 16 – September 16, 2024
  • Admission into Boot Camp: September 18, 2024
  • UEC 2024 Open Day: September 20, 2024
  • UEC Boot Camp: September 23 – October 18, 2024
  • Preliminary Pitching Competitions: October 21 – 30, 2024, and November 06 – 20, 2024
  • Grand Finale in Abuja: December 03, 2024

TETFUND Enterprise Challenge Application Steps

To embark on this entrepreneurial journey, follow these steps:

  1. Click on the button below to start the application process
  2. Check the application portal for more information on the application steps and eligibility.
  3. Submit your application before the deadline: September 16th, 2024

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