The Western Union Foundation Fellowship is a leadership and venture development program for entrepreneurs and community leaders from or working with highly marginalized, refugee, and forcibly displaced communities around the globe. This virtual and global program is designed to equip next-generation entrepreneurs and leaders with the skills and experience to increase access to economic opportunity, build valuable networks and resources, and transform their communities.
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The Western Union Foundation Fellowship is designed to educate, empower, and drive impact, with each element of the program contributing towards the long-term impact of the Western Union Foundation Fellows and their communities. Basecamps stand as a pillar of this journey. Fellows who have led successful Basecamps have unlocked opportunities for new partnerships, additional funding avenues, media exposure, and have created a ripple effect of deeper impact within their communities.
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This is a fully funded Program offered by the Western Union, candidates will get the $36000 stipend for their Ventures and other purposes. With the unwavering support of the Western Union Foundation and Watson Institute team, you will receive a comprehensive roadmap to guide the growth and scalability of your work and impact. Additionally, you will facilitate an impactful workshop and training session (known as a Basecamp) in your community for your stakeholders, backed by a stipend, playbook, and team support to bring your vision to life.
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Details and Dates:
- Format: Weekly virtual workshops with localized gatherings and events when possible (8-10 hours per week time commitment). Sessions are held Tuesday, Wednesday, and Thursday from 8:30 am to 10:30 am in the Mountain Time Zone (GMT-6).
- Immersive & Orientation: 2-week virtual Immersive starting August 8th, 2024 (20–25 hours per week time commitment).
- Training: Weekly expert-led modules covering Foundations, Data & Metrics, Go-To-Market, Funding, Team Management, and Pitch.
- Impact Series: Renowned leaders, entrepreneurs, and practitioners join the fellowships we empower to share their entrepreneurial journey and experience, as well as mentor the Fellows. See previous Impact Series Speakers here.
- Basecamp: 1-3 day Fellow-led workshops hosted in each Fellow’s community, to ideate solutions, design business models, and compellingly communicate their businesses and organizations to an external audience.
- Summit: Culminating celebratory event, where select Fellows pitch to local and global leaders, potential funders, and renowned entrepreneurs (November 19th, 2024).
Benefits:
Western Union Fellowship will award the following benefits to the selected Entrepreneurs:
- A pool of $36,000 in venture development stipends will be distributed among select Western Union Foundation Fellows, based on progress and impact throughout the Fellowship.
- expert-led entrepreneurial training,
- access to funding opportunities
- a vast network of mentorship to accelerate your leadership skills
- Venture Acceleration and Leadership Training will be impactful for entrepreneurs.
- Network Building helps in the growth for the business
- Mentorship and Collaboration with the Multinationals and big names of the MNCs
Duration:
The duration of the Fellowship Program will be 16 weeks of Programming from August 8th, 2024 to November 19th, 2024. Miami University Scholarships in USA
Deadline:
The last date to apply for the Western Union Scholarship Program is June 1st 2024. DAAD Helmut Scholarships in Germany
Eligibility Criteria:
Candidates must meet the following criteria for the Western Union Fellowship Program:
- Candidates should be entrepreneurs or community leaders from and working with highly marginalized, refugee, and forcibly displaced communities around the globe.
- Candidates have an entrepreneurial spirit, a growth mindset, and are driven to grow as effective leaders within their communities. The ideal venture stages for this fellowship are Problem-Solution Fit or Product-Market Fit phases, with engaged customers or beneficiaries, and demonstrated outcomes in impact and revenue.
- Candidates are able to commit to the 16-week program including a 2-week virtual immersive.
Location:
Western Union Fellowships are basically an online program anyhow Applicants located in and creating impact in the following locations are encouraged to apply:
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- United States, Uganda, Nigeria, Pakistan, Bangladesh, India, United Kingdom, Germany, Lithuania, Japan, Philippines, Colombia, Mexico, Costa Rica, Argentina, and Brazil.
- Preference is given to applicants from the following locations: Uganda, Colombia, Mexico, Pakistan, and the United States.
How to Apply:
Complete the online application. This application should take approximately 45 minutes to fill out and follow the following steps:
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- The Admissions Committee diligently reviews all applications, seeking entrepreneurs who demonstrate strong leadership qualities and ventures that are both innovative and scalable. Applications received after the deadline will be assessed on a rolling basis as needed.
- Qualified applicants will receive invitations for a 20-minute one-on-one Zoom interview. This interview allows us to delve deeper into your motivations for pursuing the fellowship and to gain a better understanding of your venture
- The most promising applicant profiles will be shared with the external Admissions Committee for their final review and selection.
- Acceptance notifications will be sent out during the week of July 1st, 2024.
- The final step to complete your enrollment is to confirm your commitment to the program.
- The program begins on August 8th, 2024.
