TETFUND Enterprise Challenge For Nigerians (10m Prize): Application Guide

TETFUND Enterprise Challenge: N10m Grants for African Enterprises

The Ugwumba Center for Leadership Development in Africa is inviting applications for the 2024 TETFUND Enterprise Challenge.

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In this post, the full details of the eligibility, benefits, timeline, and application procedure will be provided.

TETFUND Enterprise Challenge Abstract

Host: TETFUND | Ugwumba Leadership Centre
Location: Nigeria
Category: Internships || Trainings
Benefits:
- N10 million Grant
Eligibility: African Countries
Deadline: September 16, 2024

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TETFUND Enterprise Challenge Details

The TETFUND Enterprise Challenge is an idea-pitching and grant competition designed to empower young people in Africa to turn their ideas, skills, and passions into scalable business ventures or social enterprises.

The adopted this pitching competition model because it challenges the creativity and the audacity of our young people to survive as entrepreneurs.

All applicants pass through a compulsory Boot Camp and Pitching Competitions and those with the best business ideas receive both financial and technical support from us.

The Ugwumba Center for Leadership Development in Africa is a non-political, non-discriminatory, non-profit development organization established in Nigeria in 2018 with a mandate to raise a new generation of leaders and entrepreneurs for Africa.

TETFUND Ugwumba Enterprise Challenge Benefits

Prizes will be awarded as follows;

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

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TETFUND Ugwumba Enterprise Challenge Requirements

To be eligible for the TETFUND Ugwumba Enterprise Challenge, applicants must satisfy the following conditions:

The Ugwumba TETFUND Enterprise Challenge is open to young entrepreneurs in Nigeria between 18 – 40 years of age, who have ideas that we can transform into successful business ventures or social enterprises.