INDEPENDENT INNOVATORS NETWORK
APPLICATIONS OPEN NOW!
Michigan Colleges Alliance (MCA) is pleased to announce the fourth round of its student entrepreneurship scholarship challenge – the Independent Innovators Network scholarship. This program awards scholarships up to $7,500 based on the strength of student applications outlining a business or social entrepreneurship concept.
HOW TO APPLY
Step 1: Identify your business or social entrepreneurship concept.
Step 2: Ask a faculty member to be your mentor for the scholarship application. Discuss your idea!
Step 3: Download and complete a first draft of the “executive summary” application form outlining your new business venture idea or actionable social entrepreneurship concept. Download the application form using the button above.
Step 4: Review your application with your faculty mentor.
Step 5: Submit your application form using the “Apply” button above.
APPLICATIONS ARE DUE BY END OF DAY, MARCH 1, 2019.
WHO IS ELIGIBLE
- All full-time undergraduate and graduate students in any major/program at MCA member colleges and universities with scholarship need. Scholarship must be used at a MCA member college or university in an upcoming semester.
- Students must have a faculty mentor who provides guidance and reviews their plans prior to submission. Faculty sponsor stipends of $500 will be provided for successful proposals.
OTHER FEATURES (new this year!)
- In partnership with the Ford Motor Company Fund and the Henry Ford Learning Institute, winning student-faculty teams will be eligible to participate in an overnight Design Thinking workshop to help sharpen and refine their ideas for potential marketplace application.
- Concepts with demonstrated promise following this session will receive more advanced coaching sessions next summer, as well as possible access to venture funding.
- Coaching Session in Lansing, MI: April 12-13, 2019 – please save the date
Concepts will be reviewed according to several criteria, as defined by the Independent Innovators Network Steering Committee:
- Comprehensiveness and clarity: Is the concept well thought out and clearly presented? (10 points)
- Relevance: Does the concept address a real need or problem to be solved? (25 points)
- Viability: How feasible is the concept? Does it acknowledge challenges or obstacles? (25 points)
- Innovation: Does the concept address the business or social need in a unique, differentiated way? (40 points)
March 1, 2019 – Student applications due to MCA office
March 15, 2019 – Campus/student notifications of scholarship winners
April 12-13, 2019 – Design Thinking workshop in Lansing for winning student-faculty teams (invitees to be announced, please hold the date)
Scholarship funds will be remitted directly to the college or university for tuition and fees and/or room and board for an upcoming semester at a MCA member college or university only. Scholarship may not exceed student’s financial gap.
QUESTIONS? Contact Marcie Levey at firstname.lastname@example.org