Any of your students planning to be Entrepreneurs? They should apply for these scholarships.
Owning their own business is the dream of many students. From Jeff Bezos to Elon Musk there are examples of many entrepreneurs that are now the richest of the rich. Finimpact has published a list of scholarships available for students that are planning to go down the entrepreneurial career path. Here are 14 of them that might be of interest to your students:
1. Business Leaders of Tomorrow Scholarship
The Scholarship for the Business Leaders of Tomorrow is provided annually by the Business Broker Network. Business Broker Network is dedicated to connecting business buyers and sellers through its online database of over 28,000 businesses and franchises. One winner will be selected and notified by the end of the year. Selection will be based primarily on the quality of submitted essays. The Scholarship for the Business Leaders of Tomorrow is available for U.S. college freshmen, sophomores, and juniors who are between the ages of 17 and 24.
Prize Amount: $2,000
Eligibility Requirements: Aged between 17 – 24, US student.
Application Process: 800-word essay, proof of enrollment.
Application Deadline: 30th October.
2. Cancer for College Leonard Family Entrepreneurial Spirit Scholarship
Cancer For College is a charity that specializes in giving scholarships and financial aid to those in need of it (mainly due to adverse health conditions). Awards are around $5,000 each. Scholarship recipients must maintain full-time enrollment at his/her stated university. Failure to maintain full-time enrollment or transfer from a 4-year university to a community college may result in loss of scholarship funds. Graduate students receiving scholarships do not need to maintain full-time student status. Scholarship recipients experiencing health-related issues that force them to leave school may request a one-time extension of their scholarship, not to exceed one school year. Recipients exceeding this time will forgo their scholarship but may reapply when ready to return to school.
The Cancer for College scholarship application is completed completely online. It offers several scholarships for students suffering from a variety of serious ailments. For the Leonard Family Entrepreneurial Spirit Scholarship, the award is $5,000 and applicants must be a business major or related field with a desire to pursue a career in the food-service industry, and potentially own and operate a restaurant.
Prize Amount: $5,000
Eligibility Requirements: Diagnosed with cancer, planning to attend university full time, total parents income is not more than $150,000.
Application Process: Parents or personal tax statement, two years of previous college transcripts, confirmation of illness from a doctor, and a letter of recommendation from one person outside of the family.
Application Deadline: The application period opens on November 1 and closes on January 31 each year. The application requires some detailed information that you can find here.
3. The FormSwift Startup Scholarship Program
This is one of the more fun and creative scholarship programs out there. Applicants may select from a total of 5 industries – startup, restaurant, non-profit, transportation, and clothing. They then make an infographic on one of these industries for a chance to win $1,000. The program runs 3 times a year with the deadlines of January 15, March 15, and September 15 for entry. So there are multiple opportunities to win this scholarship.
The only hard condition is that applicants must be graduating high school or enrolled in college. After this, you simply send the infographic and some details to a designated email address. International students are also welcome to apply. The idea behind the scholarship is that new entrepreneurs can hone some of the skills they will need after college.
Prize Amount: $1,000
Eligibility Requirements: US student attending or going to attend university. Cannot have friends/family who work at FormSwift.
Application Process: Send infographic to a designated email address.
Application Deadline: The program runs 3 times a year with the deadlines of January 15, March 15, and September 15 for entry.
4. Kitchen Cabinet Kings Entrepreneur Scholarship
This is a construction industry scholarship started by two entrepreneurs in the kitchen cabinet industry. Kitchen Cabinet Kings will award one $5,000 scholarship for the best-submitted entry determined by the Kitchen Cabinet Kings team. The scholarship will be awarded in check form, made payable directly to the winner. The deadline is June 30th, 2021. The winner to be announced on August 31st.
Prize Amount: $5,000
Eligibility Requirements: Any current college student or incoming freshman enrolled in an undergraduate or graduate degree program in a 2021 semester. The student must be enrolled at an accredited American college, university, or trade school.
Application Process: Submit an essay with an online form through the site. The 2021 essay relates to how companies can take advantage of ways to make a profit while the population is mainly indoors.
Application Deadline: June 30th.
5. Grasshopper Entrepreneur Scholarship
Founded by two entrepreneurs, Grasshopper has been making it easier to start and grow a small business since 2003. It was started as just two guys with a dream and to date have served over 300,000 entrepreneurs. The Grasshopper scholarship is worth $5,000 for the winners. The eligibility criteria are that the candidate is enrolled in a US college or trade school with a current GPA of 3.0. The deadline is August 30th and the essay topics vary each year but are based around a current or future business model. Basically, if you are a current undergraduate with an idea to start a business, this could be the perfect start.
Prize Amount: $5,000
Eligibility Requirements: Enrolled in a US university or trade school.
Application Process: Online submission of essay and details.
Application Deadline: 30th August.
6. Insureon Small Business Scholarship
Insureon is an insurance company that offers 2 prizes of $2,500 for winners of its scholarship. To qualify, candidates must be currently attending a 4-year undergraduate. The deadline is 30th April 2021. No GPA average is required for this small business scholarship. The candidate simply needs to have a business idea and pitch it via online submission.
Prize Amount: $2,500 for 2 winners.
Eligibility Requirements: Current US undergraduate.
Application Process: Submissions via email. A short essay between 500 -750 words.
Application Deadline: 30th April
7. GreenPal Scholarship for Tomorrow’s Entrepreneur
The purpose of The GreenPal Small Business Scholarship is to assist a motivated, driven student and future business leader. The program believes that the generation of today’s students is the future employers of tomorrow.
If you currently run a small business while attending college or have a small business idea to start while you plan to attend college, you are invited to attend. The winner is announced in December of each year.
However, the standard for this scholarship is a little higher than most. Applicants must show a lot of ambition and maintain a GPA above 3.5. Further, they have to major in business, economics, or finance. To apply for the scholarship, current or future students must email a short submission essay (500 – 1000 words) along with a photo to a designated email address.
Prize Amount: $2,000
Eligibility Requirements: 3.5 average GPA. Business, economics, or finance major in a US university.
Application Process: Online essay submission via email.
Application Deadline: The deadline to apply is Nov 15th of each running year.
8. National Restaurant Association Educational Foundation Scholarships
The National Restaurant Association Educational Foundation provides multiple merit-based scholarships to students pursuing degrees related to the restaurant industry (to include majors within the culinary, hospitality, and food-service fields). Scholarship award amounts range between $2,500 and $10,000. Deadlines are March 31st, 2021
In addition to the general NRAEF scholarships, several named leadership scholarships are also available through the application portal. Requirements may vary but all applicants must be pursuing a degree related to the restaurant industry. There are some niche scholarships here for those pursuing business majors that are heavily associated with restaurants. Many of these scholarships are run in conjunction with other organizations, such as Choose Restaurants, where you can find a definitive list of culinary scholarships on offer.
Prize Amount: $2,500 – $10,000
Eligibility Requirements: US Students in restaurant-related majors.
Application Process: Varies depending on the particular scholarship in question.
Application Deadline: 31st March.
9. BlueVine Young Entrepreneurs Scholarship
BlueVine, which helps small businesses address their working capital needs with access to fast funding, is offering two $5,000 scholarships to college or graduate students interested in pursuing careers as entrepreneurs. The BlueVine Young Entrepreneurs scholarship program aims to motivate and support aspiring business owners in undergraduate and graduate programs related to entrepreneurship. The scholarships will be offered in the spring and fall semesters.
BlueVine is launching the scholarship program to recognize the contributions of small businesses to their communities, employees, and communities.
Applicants must have a minimum GPA of 3.3 to be considered. One scholarship will be awarded in the spring, and another in the fall. Each applicant must submit a 600 to 800-word essay on what drives his or her passion to start a business. The essay must include details on how the scholarship can help the applicant succeed in school and later as an entrepreneur.
Prize Amount: Two $5,000 amounts to be awarded.
Eligibility Requirements: Current US student with a minimum of 3.3 GPA.
Application Process: Online submissions with an essay.
Application Deadline: Unknown.
10. Triadex Services Scholarship
The Triadex Services Scholarship Program supports college students each year with scholarships for recipients who excel academically and in service to others. Most Triadex Services Scholarship recipients share a passion for marketing, entrepreneurship, technology, and helping to make their communities better places to live, work, and grow.
This scholarship is available to those currently enrolled in a US college or their last year of high school with enrollment awaiting. Students must be attending a course in marketing, business, entrepreneurship, or technology to qualify. The minimum average GPA is 3.3 and the scholarship is not available to temporary residents or international students. Besides, applicants cannot have friends/family who work at Triadex. Up to 5 awards are given every year. Individual awards range from $250-$750.
Prize Amount: $250 – $750, 5 times a year.
Eligibility Requirements: Current or future US student in marketing, business, entrepreneurship, or technology.
Application Process: Email the application form online.
Application Deadline: Anytime. Awards granted quarterly.
11. Lily Pabilona Emerging Entrepreneur Scholarship
The Lily Pabilona Emerging Entrepreneur Scholarship is funded by entrepreneurs Grace and Ranier Pabilona. The Scholarship recognizes Asian American high school, graduate, and post-graduate students pursuing a career in entrepreneurship. Applicants must be U.S. citizens, nationals, or permanent residents.
Applicants must also be either a high school senior or a college student currently enrolled full-time at an accredited U.S. vocational, junior college or four-year college/university and must be a full-time, associate/bachelor/master degree-seeking student by the upcoming academic calendar year. The minimum GPA is 3.0 and the applicant must be at least 25% Asian and/or Pacific Islander ethnicity. Applicants must demonstrate an entrepreneurial spirit and the applicant must also be a small business owner.
Prize Amount: $1,000 – $5,000 depending on the quality of the application.
Eligibility Requirements: Students with at least 25% Asian/Pacific Islander ethnicity. Must also be a small business owner.
Application Process: Online essay submission, along with letters of recommendation and phone/video interview.
Application Deadline: 31st May 2021
12. Al Schuman Ecolab Entrepreneurial Scholarship
Ranging in value from $3,000 to $5,500 annually, the Al Schuman Ecolab Entrepreneurial Scholarship is granted through the National Restaurant Association Educational Foundation (NRAEF) to highly ambitious, dedicated, innovative, and creative undergraduate students who clearly demonstrate an entrepreneurial spirit. Eligible candidates must be U.S. citizens or permanent residents, be enrolled in a partnering accredited university in a food service management-related program, carry at least nine credits per term, and have a minimum GPA of 3.0. Students will present a 750-word describing their future innovative entrepreneurial goals and how they’ll impact the restaurant or food-service industry.
Prize Amount: $3,000 – $5,000 annually.
Eligibility Requirements: US students in a food service management field, average GPA of 3.0 or above.
Application Process: 750-word essay describing their vision. Two recommendation letters with the application form.
Application Deadline: March 14th.
13. Media Fellows Scholarship
The Washington Media Scholars Foundation (WMSF) provides the opportunity for college students to gain firsthand knowledge of the public policy advertising world through scholarship and networking opportunities. The primary majors would include Advertising, Marketing, Communications, Business, Political Science, and Strategic Media. The financial details of the scholarship are unknown, but the WMSF also runs media case competitions with prizes of $5,000, $2,500 given out to the winners.
The Media Fellows program is the Foundation’s essay-based scholarship program, striving to provide financial assistance to undergraduate college students with interests at the intersection of advertising and public policy. Successful Media Fellows Scholarship submissions include an essay that includes the student’s personal financial need statement as well as a description of their academic achievements and career aspirations. Only current students may apply, not future students.
Prize Amount: Not specified.
Eligibility Requirements: US major student in related area (mainly Advertising, Marketing, Communications, Business, Political Science, and Strategic Media).
Application Process: Online form with attached essay.
Application Deadline: July 16 & November 16, 2021.
14. Hostgator Website Scholarship
Hostgator are a well-known provider of web services, particularly web hosting and design. HostGator’s annual scholarship program aims to help aspiring entrepreneurs pay for their education while sharing their thoughts and visions for a world shaped by the internet. HostGator itself was founded in a college dorm room back in 2002 and the founders are eager to help out undergraduates. A $1,500 prize is given to 3 winners after answering an essay question. Students of all majors are welcome to apply.
Prize Amount: $1,500 for 3 winners.
Eligibility Requirements: Current US undergraduate student.
Application Process: Submit a 500-word essay along with your personal details.
Application Deadline: 30th November.