As Stanford Graduate School of Business’s Class of 2020 heads out into the world to put the lessons from their studies into practice, two members of the class looking to start social ventures are getting a boost.
That boost comes in the form of the school’s Social Innovation Fellowship and Social Entrepreneurship Fellowship, each of which offers a $110,000 stipend plus support, coaching and networking opportunities.
Stanford GSB awards its Social Innovation Fellowship annually to a student looking to start a nonprofit that addresses a social or environmental issue. Starting this year, the school is also awarding the Social Entrepreneurship Fellowship to a student founding a for-profit with a social impact.
With the fellowship, Ladejobi is founding a venture that will work with Nigerian health agencies on the country’s response to COVID-19 and its plans for reopening workplaces.
Ladejobi plans for that work to become the first step toward a mobile app that provides a variety of health services in Nigeria and eventually other countries, including diagnosis, prescriptions, and coordination of infectious disease responses.
Meanwhile, the inaugural Social Entrepreneurship Fellowship is going to Kimberly Schreiber, who is founding a company with the mission of supporting people with developmental disabilities.
The company will help people access services in their areas as well as government support programs that can be difficult to navigate. By offering personalized services, it will aim to connect families with the resources that align with their goals.
Besides awarding the two fellowships, Stanford GSB named 13 recipients of the Frances and Arjay Miller Prize in Social Innovation.
These graduating MS and MBA students will each receive a $20,000 stipend in support of work with a social or environmental impact.
Stanford GSB dean Jonathan Levin said that the school’s “social innovation awards underscore the power of insightful and purposeful leadership to improve lives and communities throughout the world.”
The awards also highlight the significant resources that top MBA programs like Stanford’s have to support students with a social mission.
For MBA applicants with experiences and career goals involving social entrepreneurship, putting together an application that emphasizes the unique perspective and strengths you can bring to an MBA program is critical.
If you’d like personalized feedback on how you can do that as well as how your profile lines up at schools like Stanford GSB, contact us and request a free MBA application assessment!