Jim Leech Mastercard Foundation Fellowship For African Students 2022

The Jim Leech Mastercard Foundation Fellowship gives you the confidence, resources, knowledge, network, and financial support to build a startup with an impact.

For African students and recent grads with a desire to solve pressing problems and bring entrepreneurial ideas to life.

Best-in-class Training:

• Business bootcamp delivered by Queen’s University faculty and industry leaders who bring decades of combined entrepreneurship and C-Suite experience
• The Disciplined Entrepreneurship framework, a proven step-by-step framework for scalable startups developed at the Massachusetts Institute of Technology
• Pitch coaching and mastery
• Certificate awarded for 100% completion of DDQIC’s essential entrepreneurship training modules

Category: Postgraduate Scholarships | Fellowships

Eligible Countries: All African Countries

Reward: Full Sponsorship

Deadline: November 30, 2021

Scholarship Details
The Jim Leech Mastercard Foundation Fellowship gives you the confidence, resources, knowledge, network, and financial support to build a startup with an impact.

For African students and recent grads with a desire to solve pressing problems and bring entrepreneurial ideas to life, the program is split into three online courses where you will learn the foundations of entrepreneurship, receive virtual coaching, develop your own business idea, and demonstrate your commitment in order to advance to the next course.

Scholarship Requirements
In order to be eligible to apply for the scholarship, applicants must:

• Have applied for a Masters of Science (M.Sc) in Islamic Finance at University of Dundee.
• Have firmly accepted their offer of entry for the Postgraduate MSc Islamic Finance programe, starting in September 2020 or January 2021. This can be a conditional or unconditional offer.
• Have International, Home/EU or RUK fee status, as verified by the University of Dundee.
• Applicants who can evidence their refugee status will be considered as a priority group, however we may invite additional students to apply.

Scholarship Duration and Reward
Financial Support:

• 15 Fellows will receive a stipend of $500 CAD
• Opportunities to pitch for funding in Dunin-Deshpande Queen’s Innovation Centre seed funding competitions

Mentorship:

• Fellows are matched to industry leaders and entrepreneurs in the final phase of the program
• Receive feedback at important startup milestones

Phase
Phase 1: Explore – December 2021-February 2022

1000 exceptional candidates receive access to a curated list of online entrepreneurship courses and work through the first 11 steps of the Disciplined Entrepreneurship framework workbook. Candidates have several months to demonstrate their commitment to the entrepreneurial process by completing the training and progressing on their ideas’ respective milestones.

Phase 2: Ignite – February-April 2022

30 finalists with an outstanding commitment to the entrepreneurship process, who will have excelled at the milestones set out in phase one will be selected to join this phase. Under this phase, they will continue to go through an additional curated list of additional online entrepreneurship courses and work through the remaining steps of the Disciplined Entrepreneurship framework’s workbook. At the end of this phase, the participants will pitch their ideas, competing for the fellowship, and the most advanced and promising business ideas will become the finalists who receive the fellowship.

Phase 3: Jim Leech Mastercard Foundation Fellowship on Entrepreneurship – May-August 2022

15 Fellows will be selected to join DDQIC’s summer incubation program. During this phase, Fellows will get the opportunity to work on their ideas, access seed funding, and participate in weekly 3-2-1 pitch presentations about the work they are doing as they transform their ideas into scalable startups. In addition, Fellows will receive a $500 stipend and dedicated coaches and mentors from DDQIC’s Global Network of industry experts and entrepreneurs.

Method of Application
Startup entrepreneurs (Fellows) will complete their incubation program at the end of August. After graduation, Fellows will continue to receive post-incubation services, supports, and pitch competition opportunities as part of DDQIC’s network.

Fellows will be invited to participate as ambassadors and mentors for future Jim Leech Mastercard Foundation Fellowships as well.