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Shuttleworth Foundation Fellowship

Funding

Shuttleworth Foundation

offers fellowships to individuals to implement their innovative idea for social change.

Overview:

The Shuttleworth Foundation is a small social investor that provides funding to dynamic leaders who are at the forefront of social change. We look for social innovators who are helping to change the world for the better and could benefit from a social investment model with a difference. We identify amazing people, give them a fellowship grant, and multiply the money they put into their own projects by a factor of ten or more.

The Shuttleworth Foundation Fellowship Program funding consists of two components for each Fellow – the fellowship grant and the co-investment project funding.

The fellowship grant covers the cost of the Fellow’s time for a year and is guaranteed to the fellow for that year. The grant amount varies and is determined by each Fellow’s salary equivalent outside of the fellowship.

The co-investment project funding is the most unique part of the Fellowship Program, as Fellows are rewarded for investing in their own ideas. An amount of $250,000 is set aside per Fellow per year as potential project funding. This funding is unlocked through a light weight project pitch process and the Foundation tops up the Fellow’s own investment by adding at least 10 times as much funding from their project funding pool.

Imagine the cost of a Fellow’s time for the year is agreed at $1000. As the fellowship year progresses, the Fellow realises that it would be beneficial to spend $100 in order to advance their idea. The Fellow then takes $900 home for the cost of her time and reinvests $100 back into the implementation of her idea, while the Foundation contributes at least another $1000, giving her a project budget of $1100.

Details:

  • Length: 1 year
  • Apply: October

Spud’s Thoughts:

This group has been around for a little bit now, I first heard of them while I was running a nonprofit in State College. They are primarily focused on solutions that are open and freely available for others to use, so make sure your project idea centers around that somehow.