The Legatum Centre for Development and Entrepreneurship at the Massachusetts Institute of Technology (MIT) was founded on the belief that entrepreneurs and their market-oriented solutions are key to promoting sustainable prosperity in 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 changing the narrative of Africa to one of abundance, opportunity, innovation and dynamism.

The Foundry Fellowship is a transformative six-month experience for talented entrepreneurs who are committed to leading the acceleration and interconnection of Africa's innovation and entrepreneurship ecosystems.

Eligibility

The scholarship is open to founders based in Africa who have:

1) founded and scaled a for-profit, innovation-orientated company, E

2) who are now at a turning point and are preparing to make the transition to leadership in one of the following ways:

- Making the transition from managing your innovation-orientated company to taking on a new leadership role within the ecosystem; for example, you could be launching a venture capital fund, starting an accelerator or following a path in policy-making;

- Founding a venture or support organisation that will specifically help build innovation and entrepreneurship ecosystems across Africa;

- As you expand your innovation-orientated company across the continent, and through that expansion, focus on developing the ecosystem to achieve your growth goals.

Applications open: 26 May 2023 at 11:00 (EDT).

Deadline: 7 July 2023 11:59 (EDT)

Get more details and sign up HERE or nominate HERE