Apply for the Global Good Fund Fellowship Program 2023 for Social Entrepreneurs ($10,000 grant)

May 26, 2022 BusinessTrumpet

Application Deadline: June 30, 2022

The Global Good Fund Fellowship is a 12-month program supporting the leadership development of social enterprise leaders across the globe. The Global Good Fund develops each innovator by pairing them with [1] professional executive coach and [1] c-suite business executive who serves as a mentor, and by providing leadership assessment resources, a network of peers, sector expertise, and targeted financial capital.

The Global Good Fund creates a better world by investing in society’s most innovative entrepreneurs. The Global Good Fund Fellowship is for innovators, entrepreneurs, and leaders of positive social impact organizations. This program is for emerging leaders, entrepreneurs who are 40 or under, with diverse ethnic, religious, economic, geographic and gender experiences. Ideal entrepreneurs are in a leadership role, and are dedicated full-time to their organization that’s over 1-year-old.

Requirements

The Global Good Fund Fellowship is open to social enterprise leaders based anywhere in the world, who are trying to make the world a better place through business.
Ideal Fellows are dedicated to their own self-discovery and development, under 40 years of age, hold a leadership position at their social enterprise, operating for 3-5 years and demonstate coachability.

Applicant criteria:

The enterprise that the candidate leads is at least two years old;
The enterprise must have at least one full-time employee in addition to the candidate;
The applicant is committed full‐time to running their enterprise.
Applicants should not be currently receiving formal coaching/mentoring support; if they are applying for other fellowships within the 2022 fellowship cycle, please make sure it is indicated within your application.
The applicant has to be in a position where they have decision-making power.
The applicant is preferably under the age of 40 and, if not, can demonstrate coachability and openness to learning.

Organization requirements:

An organization can be a for-profit, non-profit or hybrid.
An organization can be international, domestic (US-based), or both.
The organization’s core mission must be related to social impact.
The Global Good Fund Fellowship is primarily focused on selecting enterprises in the following sectors: Financial Technology, Environment, Education, Economic Mobility, and Health; however we will consider applicants who fall outside of these areas.
The organization has a set and sound business model with the ability to scale in the long term.

Benefits

– 360° Assessment
Leadership Development Plan

Executive Coaching + Business Mentorship

Each Fellow is paired up with 1 dedicated professional executive coach and 1 dedicated c-suite business executive who serves as a mentor. Over the 12 month Fellowship period Fellows receive intensive 1:1 executive coaching and business mentorship sessions via phone/Skype/WhatsApp.

Annual Summit

Fellows participate in an annual Global Good Fund Summit each spring. This 4-day event provides a platform for networking between Fellows, Executive Coaches, Business Mentors, Alumni, and The Global Good Fund staff. The Summit is a curated leadership development experience for each Fellow.

Targeted Funds

Each Fellow receives a $10,000 grant. These funds are to be used explicitly for the implementation of his/her Leadership Development Plan and on leadership development with a special focus on experiential learning.

Peer and Subject Matter Expert Network

Fellows are part of a global cohort of social entrepreneurs. The Global Good Fund facilitates regular interaction among the Fellows. Fellows are encouraged to engage each other, Alumni, and Content Experts in tackling leadership development challenges.

How Program Work:
Each Fellow is paired up with [1] dedicated professional executive coach and [1] dedicated c-suite executive who serves as a business mentor. Over a 12 month period Fellows connect with their executive coach and business mentor via phone/Skype/WhatsApp.

PHASE I: PRELIMINARY QUESTIONNAIRE

May – June
Phase I consists of a preliminary questionnaire that is reviewed for alignment with Fellowship criteria.

HASE II: COMPREHENSIVE APPLICATION

July – August

Phase II of the application has a video and written component.

You will be asked to record a short that addresses the following topics:

– Your motivation to set-up your enterprise
– The mission and objectives of your enterprise
– The reasons why you and your enterprise are unique
and address a specific problem more effectively than other enterprises.

You will provide written answers to questions that assess your leadership, the enterprise, and social impact.
Each candidate’s video and written application will be reviewed and scored on a 1-5 scale, 1 being the lowest score and 5 being the highest score. Candidates with the highest cumulative scores will advance to Phase III.