Video Explanation: 2019 Tony Elumelu Foundation $5000 Grant Application Questions (TEF5)

2019 Tony Elumelu Foundation $5000 Grant Application Questions (TEF5)

2019 Tony Elumelu Foundation $5000 Grant Application Questions (TEF5)

2019 Tony Elumelu Foundation $5000 Grant Application Questions (TEF5)

About Me *

Tell us about yourself, personal bio and what led you to become an

entrepreneur (200 words)



Leadership Skills & Experience *

Describe your leadership skills and experience for running the business

(100 words)




Personal Achievement *

Tell us something impressive you have personally built or achieved (100





Business Purpose

What is your motivation for this business? (100 words)




Business Profile – Part 2

Elevator Pitch *

In 50 words or less, describe your current business or idea




Detailed Description *

In more detail, describe your product or service (200 words)



Wow Us *

What is new, interesting or different about your product or service? (list 3




Problem Solved *

What problem does your product or service solve? (50 words)



Development Stage *

Which most accurately describes your product or service development

stage?  Testing


Industry Sector *

Industry Represented in TEEP



Select your company’s primary industry sector

Industry Sub-Sector

Please select an industry sub-sector that is closest

Sustainable Development Goals *

Of the following Sustainable Development Goals (SDGs), which one does

your business idea/product/service most closely represent?


Section 7

Is your company registered?


Business Start Year *

In what year did your business start running?

2019 Tony Elumelu Foundation $5000 Grant Application Questions (TEF5)

2019 Tony Elumelu Foundation $5000 Grant Application Questions (TEF5)

Type of Business Entity

What type of entity is your business?

Sole proprietorship


Business Partners *

Do you have any business partners?



Primary Role *

What is your primary role in the business?



Employees *

How many contractual, part-time, and

Contractual staff-


Full time-

Market PotentialTEF4

Addressable Market *

How big is the addressable market for your product or service? (50




Revenue Model – How do you intend to generate revenue? *

What are the sources of revenue for your business? What are your value

offerings? What is the price of these value offerings? And who will be

paying for the value? (50 words)



Marketing Strategy *

Explain how you intend to (or already do) market your products or

services to your target market (50 words)?


Competitors *

Who are your competitors/benchmark organisations? List your top 3.





Business Threats

What are the short and long term threats your business may face? 100 words


Short term threats include


Long term threats include




Differentiating Factors *

What differentiates you from other existing businesses in your field? (50



Current Milestone *

What is your current milestone for business? (50 words)



Next Milestone *

What is your next milestone for this business and how long will it take

you to reach it? (50 words)





Invested Cash *

What is the total amount of cash invested to date in this start-up (in

local currency)?


Monthly Expenses *

What are your current monthly cash expenses (in local currency)?


Lifetime revenue *

How much revenue has your start-up generated since inception (in local


Break-Even Volume*

What number of units (products) will you have to produce and then sell

to generate enough money to cover for all fixed costs to the business?

(Business expenses that are constant irrespective of business activities)

0 word(s) (25 max)


Break-Even Revenue *

What amount (in local currency) must your business generate to cover

all its fixed and operational costs?



Business Impact

Business Impact *

Describe what impact your business will have within your community,

country for job creation, revenue generation or social development? (200




Impact of Programme *

How do you intend to leverage the benefits of the Programme to

improve your business? (200 words)



Challenges *

What are the top 3 challenges you face in operating or launching your

business? (50 words)



Aims & Objectives *

Explain briefly what you hope to achieve from participating in the Tony

Elumelu Entrepreneurship Programme? (200 words)


Business Skills *

What business skills do you most need to learn about?



Time Availability *

If accepted into the programme, will you work full time on this



Reason *

If you cannot commit to working fulltime on this start-up if accepted,

please explain why? (50 words)

0 word(s) (50 max)

Previous Accelerator *

Have you taken part in any entrepreneurship programme/ accelerator

programme or received any angel investment/grant in the past year?

Yes No

Referees *

Supply a mentor and provide the persons details here

Please provide details of two character and/or professional referees.


What do you understand by the philosophy of ‘Africapitalism’? 200 words



Please share a link to a video of you showcasing your business and why you should be selected




Referee 1

Mobile Number


Referee 2

Mobile Number

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Confirm Submission

You are about to submit your application. Please ensure that all

information provided is accurate

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Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Opportunity Maximization
Personal Development (Capacity Building)
Excellent Customer Satisfaction

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