The Ugwumba Center for Leadership Development in Africa is inviting applications for the 2024 TETFUND Enterprise Challenge.
The TETFUND Ugwumba Enterprise Challenge offers grants worth N10 million to empower young people in Africa turn their ideas, skills and passions into scalable business ventures or social enterprises.
OPPORTUNITY AT A GLANCE:
| Details | Description |
|---|---|
| Organization | Ugwumba Center for Leadership Development in Africa |
| Program Name | 2024 TETFUND Enterprise Challenge |
| Objective | To empower young Africans to turn their ideas, skills, and passions into scalable business ventures or social enterprises. |
| Eligibility | – Young entrepreneurs in Nigeria aged 18-40 years |
| Application Period | August 16 – September 16, 2024 |
| 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 (6th – 10th finalists) |
| Selection Process 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 – Announce Top 20 Startups: November 04, 2024 – 2nd Preliminary Pitching Competition: November 06 – 20, 2024 – Announce Top 10 Finalists: November 26, 2024 – Grand Finale in Abuja: December 03, 2024 |
| How to Apply | Visit the official application page and submit the form by September 12, 2024 |
| Organization Founded | 2018 |
| Type | Non-political, non-discriminatory, non-profit development organization |
Facts About the Ugwumba Center for Leadership Development in Africa
- N10 Million in Grants: The 2024 TETFUND Enterprise Challenge offers a staggering N10 million in grants to empower young African entrepreneurs. This is not just money; it’s a launchpad for turning innovative ideas into thriving businesses or social enterprises.
- Boot Camp for Success: Every applicant is given a golden opportunity to participate in a compulsory Boot Camp. This isn’t just any training—it’s an intensive, transformative experience designed to sharpen their entrepreneurial skills and prepare them for the real world.
- Pitching for Glory: The competition’s pitching format is not for the faint-hearted. It challenges participants to push the boundaries of creativity and think outside the box, testing their ability to survive and thrive as entrepreneurs.
- Support Beyond Funding: Winners of the challenge don’t just walk away with financial support. They receive unparalleled technical support to ensure their business ideas are not just successful but scalable and sustainable.
- A Hub of Future Leaders: Since its inception in 2018, the Ugwumba Center has been a beacon of hope, nurturing a new generation of leaders and entrepreneurs who are set to change the face of Africa.
- Non-Political, Non-Discriminatory: The Ugwumba Center prides itself on being a non-political, non-discriminatory organization. Its doors are open to all young Africans with a passion for leadership and entrepreneurship, regardless of their background.
- Transforming Africa’s Future: By focusing on leadership and entrepreneurship, the Ugwumba Center is not just creating business leaders but building the future of Africa—one idea at a time.
- Empowering Youth: The center’s initiatives are specifically designed to empower young Africans. This focus on youth means they’re investing in the most vibrant and dynamic segment of the population, ensuring a brighter future for the continent.
- Non-Profit with a Big Impact: Although a non-profit, the Ugwumba Center is making a massive impact by raising leaders and entrepreneurs who are equipped to tackle the continent’s challenges with innovative solutions.
- Visionary Leadership: The Ugwumba Center’s mission goes beyond just business—it’s about creating visionary leaders who can guide Africa towards a prosperous and sustainable future.
Details For 2024 TETFUND Enterprise Challenge For Nigerians (10m Prize)
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.
Eligibility Requirements For 2024 TETFUND Enterprise Challenge For Nigerians (10m Prize)
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.
Rewards For 2024 TETFUND Enterprise Challenge For Nigerians (10m Prize)
- 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.
Selection Process For 2024 TETFUND Enterprise Challenge For Nigerians (10m Prize)
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
- Announce Top 20 Startups – November 04, 2024
- 2nd Preliminary Pitching Competition – November 06 – 20, 2024
- Announce Top 10 Finalists – November 26, 2024
- Grand finale in Abuja – December 03, 2024
How To Apply For 2024 TETFUND Enterprise Challenge For Nigerians (10m Prize)
To apply for the TETFUND Enterprise Challenge 2025, interested and qualified candidates should use the button below to visit and fill in the application form before 16 September, 2024.