Foundations to Help Start Up Businesses
- Ashoka: Innovators for the Public is a foundation that supports social entrepreneurship. It does so by electing "fellows" with innovative ideas for creating social change. Fellows are nominated to Ashoka and undergo an interview process before being selected. Ashoka then supports its fellows financially and professionally. The foundation also brings together individuals who run effective organizations to share best practices and, when appropriate, to collaborate.
- Youth Venture is a partner organization of Ashoka that invests in teams of youth that invent and create their own social businesses. Youth Venture provides up to $1,000 grants to students ages 12 to 20 from the United States, Mexico, Argentina, Brazil, India, South Africa, Thailand and throughout Europe. It also hosts annual "Everyone a Changemaker" competitions at schools--one winning youth team can earn an additional $10,000 of seed funding for its business or non-profit.
- The National Foundation for Teaching Entrepreneurship (NFTE) is a non-profit organization that teaches underprivileged youth how to start their own businesses. NFTE partners with schools and recruits volunteers nationwide to teach its curricula. The foundation also hosts business-plan competitions. Winners of these competitions receive trips to an awards dinner in New York City and money to apply toward business or college expenses.
- The Ewing Marion Kauffman Foundation is a non-profit foundation that gives grants focused on entrepreneurship and youth education. The foundation runs a "Global Scholars" program that sends young entrepreneurs from around the world to the United States to understand how businesses are created in the U.S. The Kauffman campus initiative provides entrepreneurship education to colleges. The foundation also runs a "FastTrac" program to provide practical skills and training to young entrepreneurs.
- Echoing Green is an international nonprofit foundation that offers a two-year fellowship program to individuals who demonstrate creative and practical ideas for social change. The selection process involves an application and two rounds of interviews. The fellowship involves financial aid and other professional support. The foundation has also published a book called "Be Bold" to inspire young people to get involved with social-change work.
Ashoka
Youth Venture
NFTE
Kauffman Foundation
Echoing Green
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