For startups and early stage entrepreneurs looking to raise capital for startup or growth purposes, the TAM fund, Tosin Anibaba Memorial Fund, is an option worth exploring. It is a program of the Enterprise Development Center of the Pan-Atlantic University.
Atop the list of the challenges I frequently grapple with in running my businesses is funding. There’s always a business need to meet and the funds are often insufficient.
Usually, only a handful of entrepreneurs end up gaining seed capital but the intensive training, capacity building, advisory benefits, and the opportunity to network that comes with the TAM fund and similar acceleration and incubation programs makes them highly attractive options for startups.
The Enterprise Development Center’s website has this information about the fund
“The TAM Fund is designed for start-ups and early stage entrepreneurs with the right attitude and vision but no means of achieving it. Annually, it is being positioned as a “lifeline” to five (5) Micro-entrepreneurs who will be receiving a seed capital of Five Hundred Thousand naira (N500,000) in equipment, machineries etc. after going through a competitive selection process.
The TAM beneficiaries will undergo a 6-month immersion program, during which they will attend a structured capacity building program, be mentored, attend advisory sessions and have the opportunity to broaden their network at Enterprise Development Centre, Pan-Atlantic University.
On completion, they will become TAM ambassadors, giving other less privileged micro-entrepreneurs a helping hand and being a role model.”
The application will be opened for interested entrepreneurs midway into January.
You can check your eligibility and apply for the TAM fund at the enterprise development center website here.