The TETFUND Ugwumba Enterprise Challenge is now accepting applications for 2024, offering a ₦10 million grant to support young African entrepreneurs in transforming their ideas, skills, and passions into scalable business ventures or social enterprises.
Summary:
- Host: TETFUND | Ugwumba Center for Leadership
- Category: Competitions | Training
- Eligible Countries: African countries
- Reward: N10 million in grants
- Deadline: September 16, 2024
Challenge Details:
The TETFUND Enterprise Challenge is designed to empower young Africans, providing a platform for them to pitch their business ideas. The competition includes a Boot Camp and Pitching Competitions, where applicants with the best ideas receive financial and technical support.
Eligibility:
The competition is open to young entrepreneurs in Nigeria aged 18 – 40, with business ideas that can be developed into successful ventures or social enterprises.
Benefits:
- 1st Prize: ₦2 million
- 2nd Prize: ₦1 million
- 3rd Prize: ₦700,000
- 4th Prize: ₦500,000
- 5th Prize: ₦300,000
- 6th – 10th Finalists: ₦100,000 each (Consolation prizes)
Application Timeline:
- 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
- 1st Preliminary Pitching Competition: October 21 – 30, 2024
- Top 20 Startups Announcement: November 04, 2024
- 2nd Preliminary Pitching Competition: November 06 – 20, 2024
- Top 10 Finalists Announcement: November 26, 2024
- Grand Finale in Abuja: December 03, 2024
For those interested in participating, this is an excellent opportunity to gain financial and mentorship support to turn innovative ideas into reality.
How to Apply for TETFUND Enterprise Challenge 2025 (Step by Step)
To apply for the TETFUND Enterprise Challenge 2025, interested and qualified candidates should visit the portal and fill the application form.
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