Application for the Elite Entrepreneurs Network Scholarship is now open to young African startup entrepreneurs with innovative ideas.
This is a real-time opportunity for startups and social enterprises who want to change their community with their innovative ideas. More so, you can win a $350 scholarship to get enrolled in the business academy and stand the chance of pitching your idea for funding of up to $3000.
Basically, this year is about identifying and promoting the best of innovators and the best early-stage business idea of innovators, startups, and social enterprises.
See Also: 2021 ACT Foundation Grant Cycle For African Organisations
What The Elite Entrepreneurs Network Scholarship Offers
Elite Entrepreneurs Network supports young entrepreneurs through the early stages of their company development. The initiative believes that in this era where startups and social enterprises are using innovative approaches and tools to solve current issues, not only in their community but globally; they need every form of empowerment from knowledge to resource support to sustain.
Out of several entries from across different African states, they will be selecting at least 500 young entrepreneurs to be empowered through the scholarship and grants program every month. And, entrepreneurs who get selected for the scholarship program get enrolled in a non-credit course from the Elite Entrepreneurs Academy tagged “Startup Fundamentals.”
About Startup Fundamentals
Startup fundamentals offer an insightful introduction to the entrepreneurship process. It is a guide on how to move your ideas or skills, profitably, from your mind to the market. This course covers the four basic processes that help entrepreneurs build sustainable businesses. It explains ideation and how to come up with ideas that would be profitable in the market. Also, it covers feasibility analysis, how an entrepreneur can conduct a valid feasibility study, business planning, business model design as well as strategic execution.
For entrepreneurs who are hoping to start getting it right in business, this is the best point of entry. Startup Fundamental offers the knowledge that you need in order to build a rock-solid business that can withstand the challenges of a business startup.
The scholarship offers its recipient a basic membership into the Elite Entrepreneurs Network which gives students the chance to pitch their business ideas and innovations for funding as this is open to only members of the network.
See Also: 2021 Forbes 30 Under 30 Nomination For Young Leaders Worldwide
Eligibility Criteria
Basically, participation is open to individuals or organisations in the following categories;
- You must be between the ages of 18 and 35
- Your organisation/social enterprise/startup/non-profit must be led by youth
- There will be a priority for early-stage and growth-stage startups or social enterprises working on an innovative product or idea.
Thereafter, there will be the Elite Entrepreneurs Network Startup And Innovations Hub. Entrepreneurs who pass through the scholarship program get supported through different initiatives in the network. EEN ensures that young startup founders are empowered to be ideal entrepreneurs that will transform economies of nations.
What The Elite Entrepreneurs Network Scholarship Covers
The scholarship program covers;
- Course Tuition – $270
- The course tuition gives you access to the course “Startup Fundamentals” and all its content including several hours of lessons, classes, lectures and assessments.
- Startup Kit – $80
- You also have access to collection of books and video materials beneficial to your success as an entrepreneur. You will receive all of these at the end of the scholarship program.
However, the scholarship does not cover;
- Certification
- You are to receive your certificate of completion after successfully completing the course at a fee.
- Class Materials
- The scholarship does not cover the class materials and resources you need to run through the course.
See Also: Jim Leech Mastercard Foundation Fellowship On Entrepreneurship 2021 For Young Africans
The deadline for application for the Elite Entrepreneurs Network Scholarship is November 30, 2020. So, if you find interest in it, apply now using this link; https://een.ng/eenscholarship/
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