Apply for $ 3000 in The Tony Elumelu Foundation Aguka Ideation Entrepreneurship Programme 2025 for young  Rwandans.

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Application Deadline: 1st of March 2025

Applications are actually open for the 2025 Tony Elumelu Foundation Aguka Ideation Entrepreneurship Programme. The AGUKA IDEATION ENTREPRENEURSHIP PROGRAMME Is a partnership with the Tony Elumelu Foundation, UNDP Rwanda and the Rwandan Ministry of Youths and Arts to assist 100 Rwandan entrepreneurs between 18 -30 with enterprise concepts with a seed capital of $3000 every.

Eligibility

• The Programme is open to all Rwandans (as outlined) who’re between the ages of 18 – 30 years. The submitted age of all Applicants should be supported with authorities authorized technique of identification.
• All Applications should be for a Business Idea or a Business that should be for revenue, centered on one enterprise space solely, and should be the unique thought of the Applicant.
• The Business or Business Idea should not be for an unlawful or unethical function.

Programme Cycle

The Programme is made up of the next phases all of which kind the Programme cycle:

Verification & Onboarding

Applicants might be verified and onboarded by the Promoter. Verification will contain the submission of required paperwork by the Applicant with a purpose to allow the Promoter to establish the state of the Business or Business thought in addition to the identification of the applicant.

Successful Applicants who don’t meet the verification necessities might be faraway from the Programme and notified of elimination by way of electronic mail.

Successful candidates who meet the verification necessities might be enrolled within the TEF Business Management Training Programme.

Unsuccessful Applicants might be directed to take the TEF General Business Training on TEFConnect and might be eligible to reapply for different TEF Programmes.

During the TEF Business Management Training Programme™ Participants’ progress might be tracked and assessed. The coaching shall be made obtainable in English.

Programme Participants who don’t full this stage or don’t proceed past this stage of the Programme might be faraway from the Programme and be notified by way of electronic mail.

Business Plan Preparation & Submission

Programme Participants who’ve accomplished the TEF Business Management Training Programme will obtain a marketing strategy template to develop a marketing strategy doc for assessment and evaluation. This assessment and evaluation might be primarily based on related metrics together with feasibility and sustainability. Programme Participants should submit their Business Plans by the required deadline to be eligible for consideration for the subsequent stage of the programme.

The prime scoring Programme Participants from this stage might be notified by way of electronic mail and can proceed to the Pitching Competition stage.

Any Programme Participant who doesn’t full this stage of the Programme inside the prescribed timeline or shouldn’t be profitable at this stage might be faraway from the Programme and notified of elimination by way of electronic mail.

Pitching Competition

Top scoring Programme Participants shortlisted from the marketing strategy stage will take part within the Pitching Competition the place they may pitch their enterprise plans bodily to a panel of judges or submit their pitch movies to the Promoter.

Top scoring Programme Participants from the Pitching Competition might be chosen primarily based on predetermined choice standards and might be eligible to obtain the Seed Capital.

Programme Participants who usually are not chosen from the Pitching Competition to obtain the Seed Capital might be notified by way of electronic mail and might be categorised as TEF Trainees.

Any Programme Participant who doesn’t full this stage of the Programme might be faraway from the Programme and notified of elimination by way of electronic mail.

Seed Capital

The Selected Entrepreneurs from the Pitching Competition might be notified by way of electronic mail.

Disbursement of the Seed Capital might be made by way of digital switch into the Selected Entrepreneurs’ Business Bank Account. Banking and different expenses could apply and shall not be borne by the Foundation. The whole quantity obtained could subsequently be lower than US$3,000 equal. TEF Partner funded entrepreneurs will obtain seed capital consistent with the accomplice commitments and this might be communicated in the end to Programme Participants who might be funded by companions.

For More Information:

Visit the Official Webpage of the Tony Elumelu Foundation Aguka Ideation Entrepreneurship Programme

Apply for $ 3000 in The Tony Elumelu Foundation Aguka Ideation Entrepreneurship Programme 2025 for young  Rwandans.