The FINNOVATION Lab is inviting applications for its Fellowship Program to support impact driven entrepreneurs as they lead and launch sustainable and innovative businesses.
Donor Name: FINNOVATION Lab
State: Minnesota
City: Minneapolis and St. Paul
Type of Grant: Fellowship
Deadline: 05/14/2023
Size of the Grant: $50,000
Details:
Benefits
- Curriculum designed to develop leadership and entrepreneurial skills
- Access to an entrepreneurial community of advisors and mentors with relevant expertise, advice, and feedback
- Dedicated space at FINN Lab to support the growth (and fun!) that comes from coworking alongside their cohort and other professionals
- $50K living stipend
What can the $50,000 stipend be used for?
The $50,000 living stipend can be used for living and learning expenses – rent, utilities, transportation, attending conferences, research, etc. – so you can participate in the program 35 hours per week and take advantage of learning and professional development opportunities. This stipend cannot be used for business expenses.
Cohort Commitments
- Make time to engage, connect, and collaborate outside of the program structure.
- Show up prepared, present, and ready to participate. Help build a healthy community through respect and engagement.
- Work with the process and be proactive. They have intentionally designed a process to support entrepreneurial growth, and parts of that process may be new to you or uncomfortable. Communication and accountability help us support you.
- Should You Apply? YES!
If You:
- Are curious and dedicated to progress.
- FINN Fellows see everything as an opportunity for growth and seek out collaboration.
- If Your Enterprise:
- Is innovative, has a revenue generating component, and solves a real need.
- Early-stage ventures get mentorship and coaching on strategy, customer insight, and building sustainable impact.
- If Your Impact:
Eligibility Criteria
To be eligible to apply you must:
- Be authorized to work in the United States
- Be at least 18 years of age
- Either currently live in or be willing to move to the Twin Cities Metro Area in Minnesota, and have an idea that will impact individuals or a community in MN
- Be dedicated to solving a social or environmental issue through entrepreneurship
- Not be a Bush Fellow during the FINN Fellowship program term
- Not be related to any members of the Bush Foundation’s staff or board of directors
- You or your spouse cannot be a government official during the program term
- Be able to participate in the program 35 hrs/week from September – June and work out of the FINNOVATION Lab space in Minneapolis, MN
- If your social enterprise is already operating, you are not eligible to apply if:
- You or someone else has been paid to work on it full-time for over one year
- You are not the primary decision-maker
- You do not own all the IP, trademarks, or copyrights related to the business should they exist.
For more information, visit FINNOVATION Lab.
