Legatum Fellowship Program 2022
Are you an aspiring entrepreneur and wish to gain world-class education at MIT? Then here is your chance to do so while being paid with the Legatum Fellowship Program 2022. Apply now for a chance to study at one of the finest institutions and gain the right skill to scale and grow your business.
About Legatum Fellowship Program
The Legatum Fellowship program is a competitive program designed to help aspiring entrepreneurs gain world-class education at MIT, with extensive mentorship and community support, so as to maximize their likelihood of success as principled, impactful leaders in emerging markets. Each year the program builds a cohort of 20-25 students dedicated to building and scaling ventures in the developing world and provides them with tuition, travel, and prototyping support, as well as access to mentors, special seminars, and other cross-campus resources.
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Elements of the Program
This Fellowship is action-filled and suits the student who is fully committed to becoming a principled leader and improving the lives of others through entrepreneurship.
Curriculum: Through the customized educational experience, students develop practical skills for navigating complex business environments, making principled business decisions, setting and reaching venture milestones, and building and leading teams globally.
Mentorship: We have an Entrepreneur-in-Residence dedicated to helping our Fellows navigate their entrepreneurial journey at MIT. We have also built a network of domain experts and mentors to provide guidance, encouragement, and specialized advice as needed.
Community: MIT has a rich entrepreneurial ecosystem comprised of faculty, investors, potential partners, new technologies, and both aspiring and experienced entrepreneurs. The Legatum Center serves as a community hub, helping students navigate the pockets of MIT to secure the precise expertise and resources you’ll need to optimize your entrepreneurial journey.
Benefits
Each Fellow receives funding up to $25,000 that can be used to support their school tuition and stipend. Fellows may also receive grants to support travel to emerging markets during the summer and winter breaks in order to build professional relationships, conduct primary market research, test prototypes, or run pilot studies.
Requirements
In order to be eligible for the Fellowship, applicants must either be:
- A current MIT Student who will still be enrolled for the year-long duration of the fellowship or
- Admitted to begin a (full-time) degree program at MIT in the fall semester of the coming academic year
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Expectations from Applicants
Legatum Fellows are expected to be fully engaged participants in the Legatum Center community. Expectations include:
- Completion of a for-credit management seminar that focuses specifically on the challenges and opportunities for entrepreneurs in the developing world
- Completion of one additional MIT course related to entrepreneurial leadership development
- At least one trip to the intended country of implementation to either conduct primary market research, test a prototype, or pilot the business model
- Participation in peer-to-peer training sessions
- Demonstrated willingness to learn and adapt the venture as necessary
Participation in pitch events at the end of each semester - Regular check-in meetings with the Legatum Center staff
- Participation in MIT’s entrepreneurial ecosystem through student-organized clubs and conferences
- Commitment to being an entrepreneurial leader in a developing country post-graduation
How to Apply for Legatum Fellowship Program 2022
All applications should be submitted through the Legatum Fellowship Program application website here before the application closing date.
Deadline
Application closes on 27th March 2022 at (11:59 EST)
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