The Legatum Center for Development & Entrepreneurship at MIT Fellowships 2022/2023 for Emerging Leaders

Application deadline: MARCH 7, 2022

The Legatum Scholarship is a competitive program designed to help aspiring entrepreneurs gain a world-class education at MIT, plus extensive mentorship and community support, to maximize their chances of success as influential and principled leaders in the marketplace. emerging. Each year, we build a cohort of 20-25 students dedicated to building and scaling businesses in developing countries and provide them with tuition, travel and prototyping support, as well as access to mentors, special seminars, and other cross-campus resources.

PROGRAM ELEMENTS

This scholarship is intensely action-oriented and suitable for the student who is fully committed to becoming a principled leader and improving the lives of others through entrepreneurship.

  • Curriculum: Through our personalized educational experience, students gain practical skills to navigate complex business environments, make informed business decisions, set and achieve corporate milestones, and build and lead teams globally.
  • Mentoring: legacy have an Entrepreneur-in-Residence dedicated to helping our fellows navigate their entrepreneurial journey at MIT. We have also built a network of subject matter experts and mentors to provide expert advice, encouragement and guidance as needed.
  • Community: MIT has a rich entrepreneurial ecosystem made up of professors, investors, potential partners, new technologies, and budding and experienced entrepreneurs. The Legatum Center serves as a community hub, helping students navigate the pockets of MIT for the precise expertise and resources you’ll need to optimize your entrepreneurial journey.

ELIGIBILITY

To be eligible for the scholarship, applicants must be:

  • A current MIT student who will still be enrolled for the duration of the one-year scholarship

WHERE

  • Admitted to begin a (full-time) degree program at MIT in the fall semester of the upcoming academic year

EXPECTATIONS

Legatum Scholars are expected to be fully engaged participants in the Legatum Center community. Expectations include:

  • Completion of a credit management seminar that specifically focuses on challenges and opportunities for entrepreneurs in the developing world
  • Completion of an additional MIT course related to entrepreneurial leadership development
  • At least one trip to the planned country of implementation to 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 business as necessary
  • Participation in pitch events at the end of each semester
  • Regular review meetings with Legatum Center staff
  • Participation in MIT’s entrepreneurial ecosystem through student-organized clubs and conferences
  • Commitment to be an entrepreneur in a developing country after graduation

Financial aid

  • Each scholarship recipient receives funding of up to $25,000 which can be used to pay for their tuition and stipend.
  • Fellows may also receive grants to support travel to emerging markets during summer and winter breaks to build professional relationships, conduct primary market research, test prototypes, or conduct studies pilots.

If you have any questions regarding the scholarship, please email [email protected].

For more information:

Visit the Official Webpage of the Legatum Center for Development & Entrepreneurship at MIT Fellowships 2022

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