Before submitting an application, please confirm that you meet all eligibility requirements.
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START-UP PROPOSAL

Eligible students are required to write a well-argued and data-informed proposal (“idea”) on how to address a problem or opportunity in one of the applicable industries:

  • Science
  • Technology
  • Engineering
  • Math
  • Healthcare
  • Finance
  • Infrastructure / Civil
  • Education
  • Literacy
  • Business

The start-up proposal must:

  • Identify a problem or opportunity (“need”) that may directly impact you or members of a community that you identify with.
  • Explain why this need exists; what quantifiable or qualitative harm is being caused or unrealized potential by the need being unaddressed, and how matters will get worse if a resolution is not implemented.
  • Identify potential stakeholders and a plan to collect ongoing feedback from them.
  • Identify resources or access (and associated costs) that you will need to develop a prototype of your idea.
  • Argue for a solution that is feasible and can be prototyped using the resources you’ve identified above.
  • Be no longer than three pages and must include relevant sources in APA format.

REQUIRED DOCUMENTS

We look for bright, well-rounded students with organic, solution-oriented instincts that will make them great students of entrepreneurship. All documents must be converted into PDF format to be submitted via the application portal.

MENTOR LETTER

At least one or more mentor(s) that will commit to helping you realize your idea must write a recommendation letter. In their letter, your mentor(s) should argue why you deserve this scholarship and what qualifies them to mentor you and your idea. Here’s what we look for in a good mentor(s).

STAKEHOLDER LETTER

At least one or more individuals that will be impacted by the idea presented in the start-up proposal (“stakeholder”) must write a letter arguing why your idea is important to them. Each stakeholder must explain how your idea will improve their quality of life.

COVER LETTER

Write a compelling, one-page summary of you and what drives your entrepreneurial curiosity to realize the idea presented in your start-up proposal. Why are you compelled to help your stakeholders achieve a better quality of life?

TRANSCRIPT

A copy of the latest official transcript from your post-high school institution.

SELECTION PROCESS

Upon submission, applications will be pre-screened for eligibility and basic criteria. Screened applications are sent to a committee that will select the finalists. Finalists will be required to conduct a video interview with our Founder as the last step. Based on the recommendation of the selection committee and the results of the interview, the best three to five applicants will be announced as the 2020 IP Scholars.

POST SELECTION

Recipients are expected to provide bi-weekly updates on their ideas with the guidance of stakeholder feedback and their mentor(s), complete a business model canvas by the end of their first semester in the program, and develop a prototype by the end of their second semester. Second-year students are encouraged to apply for additional local funding opportunities and provide communal mentorship for first-year students.