Welcome to Jumoby.ng – the place where people in pursuit of success come to get actionable insights, life hacks, and life-changing opportunities.
First thing first … congratulations. We made it. Happy New Year to You. May all the good tidings in the year 2023 be ours.
Talking about good tidings …
Tony Elumelu is starting the year with some really good tidings … $5000 USD kind of tidings. Incase you still don’t understand what I’m saying, that’s about N2.7Million free money good tidings (GRANT) to help you kickstart your idea or grow your small business bigger.
Ofcourse not free free… there are processes you must go through to access the $5000 offer from TEF. I should know better, I got the grant for myself/business few years back.
Lets do small throw-back …
The experience was worthwhile … meeting amazing minds like I met Omoni Oboli at the forum whom ofcourse I invited to my Movie Premiere.
Beyond the networking, accessing the Funding was life-changing. I mean, if you are a salary earner or a struggling entrepreneur, calculate how many months it will take you to save up N2million cash to boost your business or kickstart your idea.
No doubt … you can pull it together in bits, but accessing it in bulk is just so soothing. Plus it’s free money, not a loan. No repayment, no pressure.
I became a Tony Elumelu Foundation Alumni a few years ago after applying and successfully went through the training and forum and then finally got my seed funding of $5000 which helped me secure my farmland. And between then and now, I have assisted over 70 budding entrepreneurs through my guide and professional support to successfully apply and join the TEF Alumni network.
That is a thing of joy that gladdens my heart.
So, as opposed to some comments on social media about TEF programme not been real with their selection. I’m here to tell you that the programme is valid and the selection process is legit. I’m a proof incase you need one.
This particular writeup is to help you apply successfully for the 2022 TEF application and get your own chance of accessing a life-changing opportunity of $5000 which is non-refundable (free money), impactful training, and a million-dollar worth of networks.
And you really need this guide because … 2021 application and selection process got some serious twists to it. Twist that surprised me and disqualified quite alot of my direct circle whom I guided on the application process.
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So lets get into it;
HOW TO APPLY AND WIN THE TONY ELUMELU FOUNDATION 2022 $5000 GRANT
Starting with 2021 gist… alot of people were disqualified off-guard. I mean despite doing all that was requested “criteria wise” by the TEF Team.
My personal observation is this; whether true or false.
Registration for TEF grant reached an all-new level high in 2021 with hundreds of thousands of applicants with 2020 applicants merged with 2021. And selection as well went up to 5000 (highest selection in 10 years).
However, do the ratio … 5000 selection from almost 200thousand applicants. That’s alot … compare to my selection time, we recorded about 58,000 applicants which was alot too then…
So, I presume TEF team had to improvise at some point by selecting people who submitted a more detailed business plan despite requesting for just a 4/5page business plan. So, those who submitted more pages with more information had better chances than those who submitted that exact summarized 4 pages requested.
Not so good. But it is what it is. No body will admit that anyway, but after chatting with few of those selected … I see why.
Let me start my hints with; Females have upper hands at getting in.
Wait don’t quote me wrong … I’m a guy and was selected. So, Males have chances too … alot. But for the fact that more males have been accessing the grants than females, there is now more focus on getting more females access to the funds.
Plus 95% of TEF Team are females … yeah I know. Being to their office before during Mr Tony’s birthday. Pretty ladies at that. So, you know the rest.
My advice; as a male … apply for yourself. But don’t stop there, apply for your wife, sister, mother, girlfriend, side-chicks … etc. You never can tell.
Now, for you the new applicants. Vital points to note.
5 Top Reasons Why You Will Not Win Tony Elumelu $5000 Grant
As a Fellow/Entrepreneur of The Tony Elumelu Foundation.
Here is my candid advice on why people fail with their application processes and never get to win the $5000 grant. Please, note and keep the following information handy. It will help you a great deal. I sincerely want to here your success story on your selection too.
Reason 1: LATE SUBMISSION
Now, I have personally discovered that when the portal opens for registration. Alot of people rush in and starts the registration process but just the first, and second page. They save and promise to continue later but eventually come back two days to the deadline.
Don’t do that, please. The Grant is becoming more competitive. Applicants increase in number yearly. So, this year will not be different.
My advice… be among the set that registers and submit within the first week of the portal opening. That won’t guarantee your selection, but gives you an edge over latecomers, most especially when you have a killer idea and well-packaged business plan.
Reason 2: UNREALISTIC FINANCIALS
If you are already in business – that is your idea is a year or two old already. Then, you must be able to articulate accurate figures of what you are selling, including your cost of operation, selling price, profit margin and all other vital information.
And if you are at the idea stage. Your financial assumptions must make sense – reasonable projections not building
Reason 3: LACK OF IMPACT MEASUREMENT
Tony Elumelu Foundation is not an investment company who want to share profit with you. And so, they are concern about your impact dimension. How many lives will you touch – and how are you touching them. So, be clear to explain your impact metrics. How many people will you impact directly and indirectly. Add the numbers, they matter. You will have better chances if you impact 100 people and above.
Reason 4: DISCONNECTED STORY
Reason 5: ZERO VALUE PROPOSITION
This is big and that is why is last on my list. If your value proposition is weak or fake. Forget winning the grant. If what your idea or business is offering is what 2000 other persons are offering then no point – just go and work for the other guys …
So, you have to bring something unique to the table. Alot of people can be running a catfish farm – what’s different about yours? The difference is the key to a successful application.
SO, FIND IT.
And my bonus ….. infuse technology into your idea and or business no matter what it is. The selection committee cares about tech-inclusiveness in your idea. So don’t ignore it. Be it a website, mobile application, whatever software. Just add it.
PS: I OFFER A PROFESSIONAL GUIDE FOR THE APPLICATION PROCESS AS WELL AS A DETAILED BASIC OR STANDARD BUSINESS PLAN AS YOU MAY NEED. DO SEND ME A DM IF INTERESTED IN ANY OF THE SERVICES MENTIONED ABOVE.
The following are the CRITERIA to apply for TEF 2022;
3.1. The Programme is open to all Africans (as defined) who are aged 18 years and above.
3.2. All Applications must be for a Business Idea or a Business which must be for profit, focused on one business area only and must be the original idea of the Applicant.
3.3. The Business or Business Idea must not be for any illegal or unethical purpose.
3.4. The following categories of persons are not eligible to apply:
3.4.1. Employees from the Tony Elumelu Foundation, companies within the Heirs Holdings (HH) Group, affiliates of HH and their Immediate Family Members either individually or as part of a Business.
3.4.2. Employees of companies affiliated to the Tony Elumelu Foundation who have been involved in the creation or administration of the Programme and their Immediate Family Members.
3.4.3. The Promoter’s consultants, agents and companies affiliated with the Tony Elumelu Foundation (and employees and Immediate Family Members where the consultants and agents are companies) involved in the creation and administration of this Programme.
3.5. Research institutions, faith-based organizations, government agencies, and businesses not located in Africa will not be eligible to apply for the Programme.
4.1. Applications for the Programme shall open on TEFConnect from 12.01 am (GMT + 1) on January 1 2021 (GMT + 1) and close at 12 midnight of the 31st of March 2021(the “Application Window”).
4.2. Applicants must create an account and complete an online entry form by answering a series of mandatory questions and uploading the required documents (including identification documents).
4.3. Upon submission of the Application, an email confirming receipt will be sent to the Applicant within 1 business day. Once submitted, Applications cannot be altered or amended.
4.4. Only Applications received during the Application Window shall be considered. No corruption of, defect in, failure or delay in the delivery of any email, text or other form of communication to or from the Promoter will entitle an Applicant to an extension of the Application deadline, or otherwise entitle an Applicant to make any form of claim.
4.5. Applicants are not required to make any purchase or payment in order to access TEFConnect, submit an Application or become eligible for the Programme. For the avoidance of doubt, the Programme does not include any costs of a personal nature not explicitly set out in these Terms and Conditions.
4.6. Only one Application is permitted per Applicant for a Business Idea or Business.
4.7. All Applications must be made directly by the Applicant behind the Business Idea or Business being submitted for the Programme.
4.8. The Applicants are responsible for ensuring they are able to participate in the Programme as set out in these Terms & Conditions. They must also (in the case of companies/partnerships/co-ownerships/joint ventures) provide proof of consent from partners, directors and shareholders for their participation as representatives of a Business.
4.9. The following Applications shall be rejected and not considered.
4.9.1. Multiple applications by the same Applicant whether using the same or different names, email addresses, Business Idea or Business.
4.9.2. Applications by TEF Alumni or their Business Partner.
4.9.3. Applications by persons disqualified under any previous TEF programme.
4.9.4. Applications made using methods such as a macro, script, using automated devices or processors or other form of digital tool to gain an unfair advantage.
4.9.5. Bulk and third-party entries
4.9.6. Incomplete and incorrect applications.
4.9.7. Applications which contain illegal or unethical Businesses or Business Ideas.
4.9.8. Applications not made in line with any of the Programme requirements.
4.9.9. Applications which, in the reasonable opinion of the Promoter:
i. Are deemed to be franchises, import/export business or government contractors;
ii. Contain any content that is likely to be considered offensive by the Promoter, or could reflect negatively the name, reputation, or goodwill of the Promoter, its partners or entities associated with the Promoter, its partners and other parties acting on its behalf;
iii. Include trademarks, logos, or copyrighted material not owned by the Applicant or used without the right holder’s prior written permission (including famous names, company names, etc.);
iv. Defames, misrepresents, or insults third parties;
v. Poses adverse risks to the environment, human lives or property;
vi. Promotes or is sympathetic to any political agenda;
vii. Are affiliated to terrorist or other illegal activity;
viii. Ought to be rejected.
4.10. The Promoter accepts no responsibility for late, lost, misdirected, damaged or delayed Applications as a result of any network, computer hardware or software failure of any kind.
4.11. The Promoter reserves the right to verify the validity of entries and to disqualify any Applicant for tampering with the entry process.
QUESTIONS AND POSSIBLE ANSWERS TO GUIDE YOU THROUGH YOUR TEF 2022 REGISTRATION
Personal Information (Title, First Name, Middle Name, Last Name, Date of Birth, Nationality, Most fluent in: , Native Language:, Additional Languages:, Gender, Medical Disability).
Contact Details (Street Address, Country, State/Province/Region, City/Town, Postal Code, Main Number, Other Numbers, Main Email, Additional Email Accounts, Skype ID).
Education (Highest Level of Education, Major/Primary Area of Study, Business Administration).
The Personal Bio is the first to attend. And its as simple as entering your personal information in the space provided.
Social Media (Social Media: Facebook, Social Media: Linkedin, Social Media: Twitter: ). As simple as this session is, and also optional. I highly recommend you don’t live it empty. It kinda validate your idea/business. Plus it’s free to create.
Business Profile: (NOW INTO THE REAL DEAL).
The DANIEL AJUMOBI Company Ltd. (That’s my business name don’t enter in as yours … just joking. But please, fix in your business name. Even if you are yet to start for those applying with an idea – do it. Even if it’s not a registered business yet – do it. Give it a good name. And Pleaseeeeeeeeeeeeee
(Business Street Address, Country, State/Province/Region, City/Town, Postal Code, … and then Website: mine is www.JUMOBY.ng. My advice, if you
PS: When filling your Business Info and Questions like personal achievements and the likes. Use story telling techniques. It captures the reader more. Don’t just list things.
Remember the selection gets highly competitive every year, with increased numbers of applicants. So, be smart.
The Next Phase of the application session is the most tactical and it’s newly added; it’s called PERSONALITY AND COGNITIVE TEST. It involves a series of PSYCHOLOGICAL, AND MATHEMATICAL, questions which you must answer in 45minutes or less. Yes, that’s all you got. If the time tick off and you are not done… your application is over.
So, that session requires SPEED with ACCURACY.
And the last after that is DECLARATION. Nothing special about that. Your entire answer for the session should be NO … ofcourse except otherwise.
So, what are you waiting for? Let the registration begin. Application Opens from Jan 1st – March 31st.
And so, I just successfully took you through the entire registration process with possible answers for The Tony Eleumelu Entrepreneurship Programme 2022 single-handedly. I wish you success with the application.
If you need professional help putting your IDEAS together, or need a BUSINESS PLAN or other forms of support. Hit me up on WhatsApp ASAP!!!
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1 thought on “HOW TO APPLY AND WIN THE TONY ELUMELU $5000 GRANT 2023 | TEF2023”
Please i need business plan help and finacia assistance to start, i will be very glad if helper should considered me. I need serous help right here