Jim Leech Mastercard Foundation Fellowship Program 2023 on Entrepreneurship

Jim Leech Mastercard Foundation Fellowship Program 2023 on Entrepreneurship

For African college students and up to date graduates who wish to resolve urgent issues and produce entrepreneurial concepts to life.

The Jim Leech Mastercard Basis Fellowship on Entrepreneurship provides African college students and up to date graduates the chance to entry coaching, sources, monetary assist and a community of mentors to develop their entrepreneurial abilities and begin constructing their very own enterprise. The 8-month program develops the distinctive entrepreneurial skillset and mindset of leaders to drive social and monetary impression.

We offer contributors who exhibit a willingness to study, take dangers, and commit themselves absolutely with the very best that our innovation centre has to supply.

Eligibility

We settle for college students and up to date graduates from all tutorial disciplines, and from any African post-secondary establishment. Whether or not you’re already engaged on a enterprise otherwise you need to begin one thing new, we will help you.

We’re on the lookout for contributors who’re dedicated to growing their entrepreneurial mindset and making the most of the sources offered to develop their very own enterprise. This system is delivered nearly and may be accomplished at any tempo, nevertheless probably the most dedicated contributors will commit no less than 10 hours per week. As a way to progress by way of this system phases, contributors will submit assignments on-line, adhering to strict deadlines.

This system content material is delivered in English. Mentorship could also be supplied in English and French. Assignments and pitches should be accomplished in English. Potential fellows who’re unable to talk or write English are nonetheless inspired to use and kind groups with somebody who can fulfill all the necessities of this system in English. Potential fellows might also work with their native college to provide you with a method to verify they can entry college sources that can assist them navigate the problem associated to language skill.

Program Timeline
Section 1: Discover (January-February)

1000+ distinctive candidates obtain entry to a curated record of on-line entrepreneurship programs and work by way of the primary 11 steps of the Disciplined Entrepreneurship framework workbook. Candidates have a number of months to exhibit their dedication to the entrepreneurial course of by finishing the coaching and progressing on their concepts’ respective milestones.

Guiding Questions:

Who’s my buyer?
What can I do for them?

Milestones:

Make observations by way of interviews or another means
Clearly outline and validate the issue you’re fixing by talking to finish customers
Validate or invalidate key assumptions that are the premise of making the answer you wish to work on
Ideate – generate options to the issue you’re fixing
Create a journey map of your finish customers’ expertise utilizing your answer

Section 2: Ignite (March-April)

180+ finalists with an impressive dedication to the entrepreneurship course of, who may have excelled on the milestones set out in part one can be chosen to affix this part. Below this part, they are going to proceed to undergo a further curated record of further on-line entrepreneurship programs and work by way of the remaining steps of the Disciplined Entrepreneurship framework’s workbook. On the finish of this part, the contributors will pitch their concepts, competing for the fellowship, and probably the most superior and promising enterprise concepts will develop into the finalists who obtain the fellowship.

Guiding Questions:

How does your finish consumer purchase your answer? 
How will this be funded or develop into financially sustainable?

Milestones:

Develop channels to market and attain out to any needed companions
Create a enterprise mannequin or a plan for funding your answer
Prototype your answer within the easiest way attainable that also lets you generate significant suggestions from finish customers
Validate all essential assumptions by creating experiments and take a look at your answer utilizing your prototype

Section 3: Launch and Fellowship (Might-August)

As much as 60 Fellows can be chosen to affix DDQIC’s summer season incubation program. Throughout this part, Fellows will get the chance to work on their concepts, entry seed funding, and take part in weekly 3-2-1 pitch displays in regards to the work they’re doing as they remodel their concepts into scalable startups. As well as, Fellows will obtain a $500 stipend and devoted coaches and mentors from DDQIC’s World Community of trade specialists and entrepreneurs. Fellows may have the chance to compete in a pitch competitors for extra seed funding on the finish of this system.

Guiding Questions:

How do you execute your answer? 
How will you scale it?

Milestones:

Pilot your answer in a extra actual life situation
Generate expressions of curiosity, finish customers, or prospects
Create a plan to scale

Commencement (August)

Startup entrepreneurs (Fellows) will full their incubation program on the finish of August. After commencement, Fellows will proceed to obtain post-incubation providers, assist, and pitch competitors alternatives as a part of DDQIC’s community.

Excessive-performing Fellows can be invited to take part as ambassadors and mentors for future Jim Leech Mastercard Basis Fellowships as nicely.

CLICK HERE TO APPLY
For extra data, please click on right here

About Muji Sakawari

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