Applications are now open for the Legatum Center at MIT Foundry Fellowship 2023 for African Founders
Application Deadline: 7th July 2023
About the Award: The Legatum Center at MIT presents the Foundry Fellowship, a first-of-its-kind leadership program for Africa-based founders who have scaled innovation-driven companies and find themselves at an inflection point in their entrepreneurial journey. The Foundry is a place where Fellows reflect on their entrepreneurial journey, rethink their future leadership roles as entrepreneurs, investors, and thought leaders, and renew their commitment to building entrepreneurship and innovation-led ecosystems.
The Foundry Fellowship will bring together leaders who have demonstrated a commitment to bringing about change through entrepreneurship and are ready to build the leadership skills to carry them into the next phase of their entrepreneurial journey.
The Fellowship is open to entrepreneurs from Africa who have founded and scaled for-profit innovation-driven companies on the African continent, with a preference for entrepreneurs operating in Ethiopia, Ghana, Kenya, Nigeria, Rwanda, Senegal, and Uganda.
Type: Entrepreneurship
Eligibility: The inaugural cohort will include 15 entrepreneurs from Africa. Fellows will be identified through a selective application and nomination process.
Candidates should have a demonstrated history of impact, commitment, and concrete connection to the region and have already achieved considerable success with their ventures.
The fellowship is open to Africa-based founders who have: 1) founded and scaled a for-profit, innovation-driven company, AND 2) who are now at an inflection point and are preparing to transition into leadership in one of the following ways:
*Innovation-driven companies are based on a technology or process innovation that allows them to scale across regional and global markets.
Applicants should be aware of the fellowship requirements, including:
As a Foundry Fellow, your commitment to your personal objectives, your cohort, and the next generation of innovation-driven entrepreneurs across Africa is essential to your success. The Legatum Center asks that you commit to:
Eligible Countries: African countries
Number of Awards: 10
Duration & Value of Award: The Foundry Fellowship is a fully-funded six-month program.
Fellows will complete an interactive curriculum designed to:
The learning journey will culminate in a three-week in-person immersive program in which Fellows will have the opportunity to engage with MIT faculty, investors, thought leaders, and policy influencers. This immersive experience will give Fellows insight into how to design cutting-edge programs, implement practices, and create policies that are transferable to their markets. Fellows will also have the opportunity to showcase their ventures and lessons in innovation with MIT faculty, staff, and students.
How to Apply:
Application Submission Date is July 7, 2023
Applicants may apply here. The submission deadline is July 7, 2023 at 11:59 PM ET.
Questions may be directed to legatum@mit.edu.
NOMINATIONS
If you know an Africa-based entrepreneur who is a great fit for the Foundry Fellowship, please nominate them through our form. We will reach out and invite them to complete an application.
Nominations will be accepted here through June 27, 2023. Nominees will be invited to complete an application. A nomination is not required to apply.
Visit Award Webpage for Details
This post was last modified on May 30, 2023 7:09 pm