This informs the public about The Legatum Center at MIT Foundry Fellowship 2023 for young African Entrepreneurs. Details about the Program are given below.
About Legatum Center at MIT Foundry Fellowship 2023
The Legatum Center for Development and Entrepreneurship at the Massachusetts Institute of Technology (MIT) was founded on the belief that entrepreneurs and their market-driven solutions are critical to advancing sustainable prosperity across global growth markets.
The Foundry Fellowship embodies this belief through its creation of a community of Africa-based entrepreneurs who share a vision for a continent where people, ideas, and resources move across borders, and where ecosystems enable innovation-driven entrepreneurs to thrive and scale.
This community plays a critical role in shifting the narrative of Africa to one of abundance, opportunity, innovation, and dynamism.
Program Details
The Foundry Fellowship is a six-month, transformative experience for accomplished entrepreneurs who are committed to leading the acceleration and interconnection of Africa’s innovation and entrepreneurship ecosystems.
The fellowship is designed for entrepreneurial leaders who seek to catalyze systems transformation and inclusive growth across Africa. Applicants choose to apply to the fellowship for the following reasons: 1) they have had success in scaling an innovation-driven business, 2) are at an inflection point in their leadership journeys, and 3) want to identify ways to support the growth and evolution of the entrepreneurship and innovation ecosystems across Africa.
Eligibility
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:
- By transitioning from running your innovation-driven enterprise to taking on a new leadership role within the ecosystem; for example, you may be launching a venture capital fund, starting an accelerator, or pursuing a path in policymaking;
- By founding a venture or support organization that will specifically help build innovation and entrepreneurial ecosystems across Africa;
- By expanding your innovation-driven enterprise across the continent, and through that expansion, focus on ecosystem development to reach your growth goals.
FELLOWSHIP REQUIREMENTS
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:
- Confirming your English language ability: The Foundry Fellowship programming is delivered in English; all fellows should feel comfortable communicating complex ideas in writing, and verbally, in English.
- Attending all Foundry Fellowship online sessions and in-person meetings. Note that the fellowship covers most costs associated with ecosystem tours, including hotels, group meals, group transport, etc.; however, fellows are responsible for their own flights to and from ecosystem tours as well as certain travel-related expenses.
- Participating in all sessions intending to give your full attention to the discussion and topic.
- Presenting the next step you will take after completing the Foundry Fellowship program at the conclusion of the six-month immersion.
Legatum Center at MIT Foundry Fellowship 2023 Application
- Complete the online application here.
- Record and upload your 2-min video
- Sign the application
- Ensure that your two letters of recommendation have been submitted before the application deadline
For those interested in Legatum Center at MIT Foundry Fellowship 2023, Open this link to start the application process.
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.
Application Deadline
- The deadline for receipt of applications is 7 July 2023.
Open this link for more details about the Legatum Center at MIT Foundry Fellowship 2023.
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