The 2016 Legatum Fellowship Application is now closed. Applications will close on April 15, 2016.
Please familiarize yourself with the application process and review the sample application and conditions of eligibility before applying. For frequently asked questions see our Fellowship FAQ. For updates on the Fellowship program and application notices, please join our mailing list.
Every year, the Legatum Center for Development and Entrepreneurship at MIT builds a cohort of ~20 highly motivated entrepreneurial leaders from MIT who are accelerating progress in the developing world through their innovation-driven ventures. During this 12-month fellowship, students focus on building and scaling their innovative product or service “on the ground” as well as building the necessary knowledge, capabilities, mindset and networks to ensure maximum impact and a sustainable future. Through this process, we create strong entrepreneurial leaders who not only drive economic and social progress through their ventures but also become change agents and global role models for future generations of high impact entrepreneurs.
Staying true to our MIT motto, our fellowship programming incorporates elements of both Mens (Mind) and Manus (Hand), including:
In order to be eligible for the Fellowship, applicants must either be a:
We are looking to build a cohort of highly-motivated entrepreneurial leaders who are not only committed to driving economic and social progress in the developing world through their innovation-driven ventures but also have the potential to become change agents and global role models for future generations of high impact entrepreneurs. This fellowship is intensely action-oriented and only students who are fully committed to embracing the Fellowship experience and becoming an entrepreneurial leader in the developing world will be considered.
Successful candidates must have the following personal and professional characteristics:
Please note that re-applicants are required to complete this year's Fellowship application in full. Previous submissions will not be reviewed.
The Legatum Center provides a scholarship award to support Fellows’ studies at MIT. The scholarship amount awarded to each new Fellow is determined by several factors, including the number of new Fellows and the pool of funding available for that academic year. In general, funds awarded have ranged from $5,000 to $50,000 for the year of the Fellowship. We may under certain circumstances, provide funding to cover full tuition.
As funding is limited, we encourage applicants to explore external sources of funding. For more information on financial aid at MIT, please visit the Student Financial Services website.
The Legatum Fellowship financial award can only be applied towards MIT educational expenses, such as tuition, stipend and/or medical insurance. Funds from the Legatum Center may be received to supplement, but not to duplicate, financial awards from other MIT departments or from other foundations, institutions, or organizations. The combined financial award from all sources may not exceed the maximum limitation as prescribed by MIT's cost-of-attendance budget. Seed grants are also available.
The Legatum Center Fellowships are enabled by the generous support of our Center partners. Please note that the application process is the same for all Legatum Fellowship applicants. Award amounts and funding sources will be determined internally.
A generous gift from The MasterCard Foundation has established The MasterCard Foundation Fellowships within the Legatum Center to support MIT students who wish to establish businesses in low-income countries. This grant will provide up to 200 fellowships over a period of ten years, an average of 20 fellowships per year, with a preference for students working on projects in Africa. Please note that the application process is the same for all Legatum Fellowship applicants.
Legatum seeded the Legatum Center at MIT with a multi-million dollar investment in 2007. The Center was founded on the belief that entrepreneurship, rather than international aid, is the engine of growth in developing markets. Their continued support provides the Center with the resources to convene events, pursue research and develop the entrepreneurial leaders who will scale business ventures and generate prosperity in low-income countries. Please note that the application process is the same for all Legatum Fellowship applicants.
The Legatum Center received a gift from the family of HRH Princess Moudi bint Khalid to support as Legatum Fellows those MIT students who are citizens or long-term residents of Saudi Arabia, and who wish to establish businesses that contribute to Saudi Arabia's economic and social progress. Please note that the application process is the same for all Legatum Fellowship applicants.
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