Echoing Green is a New York based organisation that invests in standout social entrepreneurs and helps them to launch new organisations. They have invested neatly $30 million in seed funding to almost 500 social entrepreneurs and their organisations, and now are offering a fellowship to social start-ups, called the Echoing Green Fellowship. It provides up to $90 000 in capital for entrepreneurs to launch their start-ups and build capacity.
The fellowship provides a stipend of $80 000 for individuals and $90 000 for two-person partnerships, and will be paid in 4 equal instalments over two years. Recipients are invited to conferences led by organisational development experts, as well as receiving technical support and pro bono partnerships. Health insurance and a yearly professional development is also included in the fellowship. All applicants must attend training conferences throughout, with all costs covered by Echoing Green.
To apply, applicants can be a citizen of any nationality and their organisation can be based in any country, but cannot have been in operation more than two years.
“Applicants who have only worked on their organisation on a part-time basis or have yet to start the organisation are generally considered eligible,” Echoing Green says.
“Applicants must make a full-time commitment to the organisation’s development for the duration of the two-year fellowship.”
“It is expected that all selected fellows resign from their current employment to dedicate themselves fulltime to their initiatives.”
The process is highly competitive, and applicants progress through three stages, with eliminations after each phase. By the end of this process, the 2500 plus applicants will be narrowed down to between 12 and 20 applicants. The 2012 fellows will begin in July 2012.
Applications open online December 5 2011, and end January 9 2012.
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