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December 4, 2008Stanford Business School Launches New Fellowship for MBA Grads' Social Ventures |
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From Ascribe Newsfeed: Commitment to social entrepreneurship by a growing number of Stanford Graduate School of Business students has inspired the School to create a new fellowship award that will provide substantial financial and strategic support to graduates starting social ventures. Recipients of the first Social Innovation Fellowships will be selected by June 2009. The fellowships are part of a three-year pilot program developed by the Business Schools' Center for Social Innovation, which cultivates leaders to solve the world's toughest social and environmental problems. The one-year fellowships carry a stipend of $80,000 per student, or $120,000 per two-member team that must be led by a graduating Stanford MBA. Fellowship winners must be committed to building a successful nonprofit venture or innovation that addresses a particular social or environmental challenge, and must work full-time for their ventures during the fellowship year. The new Social Innovation Fellows program aims to help solve this critical issue by providing would-be social entrepreneurs with the money and technical assistance they need to be successful. One in every four Business School students receiving an MBA also chooses to earn a Public Management Program Certificate, indicating the student is prepared to apply their management skills to a government agency, nonprofit enterprise, or socially responsible businesses. For more information about the Social Innovation Fellows Program go to http://www.gsb.stanford.edu/csi/about/csifellows.html. The Center for Social Innovation at the Stanford Graduate School of Business cultivates leaders to solve the world's toughest social and environmental problems.
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