The Legatum Center for Development and Entrepreneurship is inviting applications for Legatum fellowship to the applicants who are committed to pursue a startup in a low-income country after graduating from MIT. Fellowships are available for students enrolled in MIT graduate degree program or a current sophomore, junior or graduate students at MIT. Fellowships are awarded
The Legatum Center administers a fellowship program for incoming and current MIT students, across all academic and professional disciplines, who demonstrate the potential to create innovative, sustainable, for-profit enterprises that promote prosperity in low-income countries.
The Massachusetts Institute of Technology-a world leading research university is dedicated to advancing knowledge and educating students in science, technology, and other areas of scholarship that will best serve the world in the 21st century.
Only official GRE, TOEFL or IELTS score reports are accepted. The MIT reporting code is 3514.
Course Level: Fellowships are available for students enrolled in MIT graduate degree program or a current sophomore, junior or graduate students at MIT.
Study Subject(s) Scholarships are offered in diverse fields to help students in upgrading their education.
List of Subjects: The program includes: Building knowledge and skills for successful entrepreneurship in developing economies, Domain experts and mentors to provide general guidance, encouragement, or specialized advice on an as-needed basis, Special case studies and other curriculum highlighting aspiring and successful entrepreneurs in low-income countries, Exposure to an extensive entrepreneurial ecosystem of investors, entrepreneurs, potential partners, and new technologies related to development and entrepreneurship.
Scholarship Award: The scholarship amount awarded to each new Fellow is determined by several factors, including the number of new Fellows and the pool of funding available for that academic year. In general, funds awarded have ranged from $5,000 to $50,000 for the length of the Fellowship. The Legatum Fellowship financial award can only be applied towards MIT educational expenses, such as tuition, stipend and/or medical insurance. Funds from the Legatum Center may be received to supplement, but not to duplicate, financial awards from other MIT departments or from other foundations, institutions, or organizations. The combined financial award from all sources may not exceed the maximum limitation as prescribed by MIT’s cost-of-attendance budget.
Scholarship can be taken at: USA
Eligibility: Each applicant must be:
-An applicant for a graduate degree program at MIT or a student currently enrolled as a sophomore, junior, or graduate student at MIT
-Enrolled as an MIT student for the duration of the Fellowship
– Committed to pursuing a startup in a low-income country after graduating from MIT
Nationality: US and international students are eligible for these Legatum fellowships.
College Admission Requirement
Entrance Requirement: To be admitted as a regular graduate student, an applicant must have earned a bachelor’s degree or its equivalent from a college, university, or technical school of acceptable standing.
Test Requirement: Most MIT departments require the Graduate Record Examination (GRE) General Test and an appropriate Subject Test. Please check the departmental listings for information on the department to which you intend to apply.
English Language Requirements: Only official GRE, TOEFL or IELTS score reports are accepted. The MIT reporting code is 3514. Test of English as a Foreign Language Students whose native language is not English may take the Test of English as a Foreign Language (TOEFL). A minimum score of 577 (233 for computer-based; 90 for internet-based) is required for visa certification.
Supporting Material: Online submissions include: an online survey, a 1-2 minute introductory video, two recommendation letters and resume. University strongly encourage applicant to submit an online application. If applicants are unable to access the online application for technical reasons, they may request a hard copy application.
a. Online survey
b. Introductory Video
c. Recommendation letters
d. Resume/ CV
How to Apply: All candidates for the Legatum Fellowship are required to submit an online application.
Scholarship Application Deadline: The application deadline is April 15, 2016.