Jim Leech Mastercard Foundation Fellowship on Entrepreneurship, November 25 2022
For African students and recent graduates who want to solve pressing problems and bring entrepreneurial ideas to life.
The Jim Leech Mastercard Foundation Fellowship on Entrepreneurship gives African students and recent graduates the opportunity to access training, resources, financial support and a network of mentors to develop their entrepreneurial skills and start building their own venture. The 8-month program develops the exceptional entrepreneurial skillset and mindset of leaders to drive social and financial impact.
Apply until December 4, 2022.
We provide participants who demonstrate a willingness to learn, take risks, and commit themselves fully with the best that our innovation centre has to offer.
Best in class training
- Business bootcamp delivered by Queen’s University faculty and industry leaders who bring decades of combined entrepreneurship and C-Suite experience
- The Disciplined Entrepreneurship framework, a proven step-by-step framework for scalable startups developed at the Massachusetts Institute of Technology
- Pitch coaching and mastery
- Live workshops on marketing, goal setting, and recruiting are held throughout the program
- Opportunity to earn micro-credentials on Entrepreneurship awarded by Queen’s University for successful completion the courses
Mentorship and networking
- Liaise with mentors and speakers leading innovation and entrepreneurship in North America
- Access a Global Network of Queen’s entrepreneurial alumni
- Join a cohort of thousands of like-minded students and recent grads from across Africa
- Fellows are matched to industry leaders and entrepreneurs in the final phase of the program
- Receive feedback at important startup milestones
Our Mentors include:
Christine Kamala, founder of Christie’s Crisp Kora Sabi Janvier, founder of Allo Veto,
Oluwasegun Oluwaleti, founder of Water Boy,
Duncan Asamoah, founder of Mr. Neat Company and many others
Financial Support and opportunities
- Up to 60 Fellows will be selected in the final phase to receive a stipend of $500 CAD
- Opportunities to pitch for prizes of up to $15,000 CAD in the pitch competition at the end of the program
- Opportunities to travel to the Dunin-Deshpande Queen’s Innovation Centre to build lasting connections that will help your further your business venture
We believe we do our best work when we tackle problems from diverse perspectives.
We are committed to eliminating barriers to entrepreneurship and making the program inclusive to as many people as possible. We are constantly iterating and improving the courses in response to user needs.
- In 2020-2022, 60% of the cohort identified as women, and we strongly encourage women to apply to the program as we recognize the additional barriers women face when accessing employment or venturing into entrepreneurship.
- In 2021-2022, the courses were adapted to be accessible by those with limited internet access, from downloading content to language support for French speaking students
- All Queen’s University badges earned in the course are free of cost and all badges and certificates are available online so that students can retrieve them anywhere, at any time, and easily share the details of their achievements. The certificates and badges have a unique ID that will be kept as a permanent record using Blockchain technology.
- Each participant receives direct access to a program coach to provide support and a group of over 15 mentors in the completion of the course.
Who We’re Looking For
We accept students and recent graduates from all academic disciplines, and from any African post-secondary institution. Whether you are already working on a business or you are looking to start something new, we can help you.
We are looking for participants who are committed to developing their entrepreneurial mindset and taking advantage of the resources provided to develop their own enterprise. The program is delivered virtually and can be completed at any pace, however the most committed participants will commit at least 10 hours per week. In order to progress through the program phases, participants will submit assignments online, adhering to strict deadlines.
The program content is delivered in English. Mentorship may be offered in English and French. Assignments and pitches must be completed in English. Prospective fellows who are unable to speak or write English are still encouraged to apply and form teams with someone who can fulfill all the requirements of the program in English. Prospective fellows may also work with their local university to come up with a strategy to make sure they are able to access university resources that will help them navigate the challenge related to language ability.
Phase 1: Explore (January-February)
1000+ exceptional candidates receive access to a curated list of online entrepreneurship courses and work through the first 11 steps of the Disciplined Entrepreneurship framework workbook. Candidates have several months to demonstrate their commitment to the entrepreneurial process by completing the training and progressing on their ideas’ respective milestones.
- Who is my customer?
- What can I do for them?
- Make observations through interviews or some other means
- Clearly define and validate the problem you are solving by speaking to end users
- Validate or invalidate key assumptions which are the basis of creating the solution you want to work on
- Ideate – generate solutions to the problem you are solving
- Create a journey map of your end users’ experience using your solution
Phase 2: Ignite (March-April)
180+ finalists with an outstanding commitment to the entrepreneurship process, who will have excelled at the milestones set out in phase one will be selected to join this phase. Under this phase, they will continue to go through an additional curated list of additional online entrepreneurship courses and work through the remaining steps of the Disciplined Entrepreneurship framework’s workbook. At the end of this phase, the participants will pitch their ideas, competing for the fellowship, and the most advanced and promising business ideas will become the finalists who receive the fellowship.
- How does your end user acquire your solution?
- How will this be funded or become financially sustainable?
- Develop channels to market and reach out to any necessary partners
- Create a business model or a plan for funding your solution
- Prototype your solution in the simplest way possible that still allows you to generate meaningful feedback from end users
- Validate all critical assumptions by creating experiments and test your solution using your prototype
Phase 3: Launch and Fellowship (May-August)
Up to 60 Fellows will be selected to join DDQIC’s summer incubation program. During this phase, Fellows will get the opportunity to work on their ideas, access seed funding, and participate in weekly 3-2-1 pitch presentations about the work they are doing as they transform their ideas into scalable startups. In addition, Fellows will receive a $500 stipend and dedicated coaches and mentors from DDQIC’s Global Network of industry experts and entrepreneurs. Fellows will have the opportunity to compete in a pitch competition for more seed funding at the end of the program.
- How do you execute your solution?
- How can you scale it?
- Pilot your solution in a more real life scenario
- Generate expressions of interest, end users, or customers
- Create a plan to scale
Startup entrepreneurs (Fellows) will complete their incubation program at the end of August. After graduation, Fellows will continue to receive post-incubation services, support, and pitch competition opportunities as part of DDQIC’s network.
High-performing Fellows will be invited to participate as ambassadors and mentors for future Jim Leech Mastercard Foundation Fellowships as well.
DDQIC conducts interviews and surveys to evaluate the program and collect feedback.
78% of the 2022 participants indicated that their venture has hired at least 1 youth since starting the program.
97% of 2022 Fellows thought the program was “very” or “extremely” helpful in helping them further their venture.
There was a 100% increase in participants indicating they have paying users or customers from pre-program to post-program.
How to register
You can find details and apply directly on the official site