The Foundry Fellowship is a six-month, transformative experience for accomplished entrepreneurs who are committed to leading the acceleration and interconnection of Africa’s innovation and entrepreneurship ecosystems.
The fellowship is designed for entrepreneurial leaders who seek to catalyze systems transformation and inclusive growth across Africa. Applicants choose to apply to the fellowship for the following reasons: 1) they have had success in scaling an innovation-driven business, 2) are at an inflection point in their leadership journeys, and 3) want to identify ways to support the growth and evolution of the entrepreneurship and innovation ecosystems across Africa.
The fellowship is a cohort-based program, with 10 fellows accepted into the cohort each year. Going through the fellowship as a cohort gives fellows the supportive context to move beyond current inflection points to define the next stage in their entrepreneurial and leadership journeys. The small number of fellows in each cohort, the emphasis on a selective profile, and the unique curation of the curriculum, leads to a learning environment that is highly supportive for deep transformation.
The curriculum includes personal leadership seminars, coursework with MIT faculty, and experiential tours of four innovation ecosystems (cities) as a cohort. Together, this combination prepares fellows to lead initiatives that accelerate the development of ecosystems both within their home markets and throughout the continent.
The Legatum Center was founded on the belief that entrepreneurs and their market-driven solutions are critical to advancing economic and social progress in the developing world. While global prosperity has increased in recent decades, the progress is uneven, with the worst deprivations concentrated in specific parts of the globe. The Center drives more inclusive prosperity by building pathways for the next generation of change agents who, through principled entrepreneurial leadership, will create good jobs, transform systems, and improve lives. Our supporters include the Legatum Grou... read more
The Foundry Fellowship is a fully-funded six-month program.
Fellows will complete an interactive curriculum designed to:
The learning journey will culminate in a three-week in-person immersive program in which Fellows will have the opportunity to engage with MIT faculty, investors, thought leaders, and policy influencers. This immersive experience will give Fellows insight into how to design cutting-edge programs, implement practices, and create policies that are transferable to their markets. Fellows will also have the opportunity to showcase their ventures and lessons in innovation with MIT faculty, staff, and students.
The inaugural cohort will include 15 entrepreneurs from Africa. Fellows will be identified through a selective application and nomination process.
Candidates should have a demonstrated history of impact, commitment, and concrete connection to the region and have already achieved considerable success with their ventures.
The fellowship is open to Africa-based founders who have: 1) founded?and scaled?a for-profit, innovation-driven company, AND 2) who are now at an inflection point and are preparing to transition into leadership in one of the following ways:
*Innovation-driven companies are based on a technology or process innovation that allows them to scale across regional and global markets.
Applicants should be aware of the fellowship requirements, including:
As a Foundry Fellow, your commitment to your personal objectives, your cohort, and the next generation of innovation-driven entrepreneurs across Africa is essential to your success. The Legatum Center asks that you commit to:
Application Submission Date is July 7, 2023
Applicants may apply here. The submission deadline is July 7, 2023 at 11:59 PM ET.
Questions may be directed to [email protected].
If you know an Africa-based entrepreneur who is a great fit for the Foundry Fellowship, please nominate them through our form. We will reach out and invite them to complete an application.
Nominations will be accepted here through June 27, 2023. Nominees will be invited to complete an application. A nomination is not required to apply.
For more details, visit Legatum Center website.