The Legatum Center for Development & Entrepreneurship at MIT has launched the Foundry Fellowship, leadership program for young entrepreneurs who are considering their role in shaping the future of the African innovation ecosystems in which they work and live.
In this first-of-its-kind leadership program, fellows will learn from MIT faculty, connect with investors, and expand their network of peer innovators.
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The Fellowship is open to entrepreneurs working and living in Ethiopia, Ghana, Nigeria, Kenya, Rwanda, Senegal, and Uganda.
Building on the MIT ethos of Mens et Manus (Mind and Hand), the Foundry is a place where entrepreneurs come together to reflect on their achievements and shape their futures as leaders in business, investing, and governance.
The program includes an interactive online curriculum followed by a three-week immersive session that brings the cohort together to explore innovation-driven ecosystems.
The Foundry Fellowship presents a unique opportunity to bring MIT resources and knowledge to these critical innovation ecosystems and, importantly, also offers MIT an opportunity to learn from successful leaders and their innovative solutions.
Through this collaboration with the Mastercard Foundation, the Foundry Fellowship will deepen the impact of leaders who are solving complex problems, creating jobs, and bringing essential services to millions through innovation-driven business models.
With the world’s fastest growing youth population, Africa is home to 4 of the world’s top 5 fastest-growing economies, has the fastest urbanization rate in the world, and has a rapidly expanding middle class predicted to increase business and consumer spending.
Innovation and entrepreneurial solutions are a critical component to continued growth and prosperous people and societies across the continent.
Africa’s entrepreneurs are building businesses that offer lessons in inclusion, sustainability, and value creation that extend far beyond the continent.
As a global network of entrepreneurs, investors, and thought leaders, the Legatum Center’s Foundry offers a platform for leaders to share their stories and consider new ways to extend their impact in their local ecosystems and around the world.
Executive Director of the Legatum Center, Dina Sherif, says, “To propel Africa forward and remain competitive globally, we need innovation-led entrepreneurship and robust African entrepreneurial ecosystems.
The Foundry Fellowship supports African entrepreneurs to transition to entrepreneurial leaders who work with various stakeholders to strengthen and improve their ecosystems.”
The Foundry Fellowship is a competitive program for outstanding entrepreneurial leaders working in Ethiopia, Ghana, Kenya, Nigeria, Rwanda, Senegal, and Uganda.
The Legatum Center will accept nominations from May 3 – May 20, 2021.
A nomination is not required to apply; entrepreneurs are invited to submit an application directly.
All nominees and applicants must submit a completed application by 11:59 PM EDT on June 10, 2021 to be considered for the program.
Nomination and application information is available at legatum.mit.edu/foundry-fellowship/. An initial cohort of 15 Fellows will be selected for this fully-funded program.
Media requests for should be addressed to Courtney Schoon at [email protected].