Here are the top 6 Entrepreneurship Scholarship Programs for the 2024-2025 academic year. Whether you’re seeking fully funded or partially funded scholarships for Postgraduate, Masters, PhD, or Undergraduate programs, you’ll find them listed here.
Top 6 Entrepreneurship Scholarships Program 2024-2025
Be your own boss:
College education leads to job opportunities with businesses and organizations of all sizes, as well as laying the groundwork for entrepreneurial endeavours. Business, economics, organizational management, and other academic majors prepare students to enter the private sector with novel product and service ideas. Entrepreneurs face the risks and uncertainties of self-employment, but they also reap unique benefits.
Check Out: Best Scholarships for High School Students
Top 20 High School Senior Scholarships Overview
Entrepreneurs are critical components of healthy economies because they drive the economy by creating jobs and consuming goods and services provided by other businesses. As a result, some financial aid is directed specifically at students pursuing independent career paths. Individual colleges provide campus-specific financial aid, and associations that serve self-employed people also provide educational assistance.
The following entries highlight some of the financial assistance available to entrepreneurs. Scholarship applicants use good grades, tenacity, and entrepreneurial ability to qualify for financial aid.
#1. 2024 Lily Pabilona Emerging Entrepreneur Award
About the scholarship:
This award aims to recognize motivated students who show strong entrepreneurial spirit and initiative.
Awards:
Recipients can receive between $1,000 and $5,000 to help with school tuition and fees. Funds will be sent directly to the educational institution in the student’s name.
General Eligibility Requirements:
- Must be of at least 25% Asian and/or Pacific Islander ethnicity
- Must be a U.S. citizen, national, or legal permanent resident
- Must be a high school senior or a full-time college student at an accredited U.S. institution
- Open to students of all majors
- Must have demonstrated leadership through community service or extracurricular activities
- Minimum GPA of 3.0 on a 4.0 scale
- Family of ATG Board members are not eligible
Specific Eligibility Requirements:
- Must own and run a small business
- Business must have been operating for at least one year and generating revenue for the past six consecutive months
- Must provide a business plan or link to business website and relevant social media accounts
Selection Criteria: Candidates are judged based on the following categories:
- Quality of essay
- Potential impact of the applicant’s business on the economy
- Academic performance
- Leadership and community service experience
- Letter of recommendation
- Phone or in-person committee interview for finalists
Applicants who meet the requirements can also apply for other scholarships. For any questions or inquiries, please email: atgscholarship@gmail.com.
Deadline information:
- May 31, 2024
Click on official website: https://atgprods.wufoo.com/forms/z1stcvf11foxnfd/
#2. Payroll Vault Franchise Scholarship:
Interested in owning your own business? Here’s your chance to win a Payroll Vault franchise valued at $40,000. This opportunity is open to college seniors, graduate students, or parents who are interested in entrepreneurship. Preference will be given to those with coursework or experience in business, marketing, and entrepreneurship. Applicants must be U.S. citizens.
Winners will be selected quarterly with deadlines on the following dates:
- September 30
- December 31
- March 31
- June 30
Owning a Payroll Vault franchise offers the opportunity to operate a software-based payroll services business. The franchise award includes payroll check writing, payroll tax payment and reporting, independent contractor check writing and reporting, and workforce management services for small, medium, and large businesses (Payroll Services).
For more information, see the Payroll Vault franchise disclosure. Click Here
Deadline information:
- March 31.
How to Apply for Payroll Vault Franchise Scholarship Application Form
Personal Information:
- Name: [First] [Last]
- Birth Date: [MM/DD/YYYY]
- Gender at Birth: [Male/Female/Other]
- GPA: [0.0 – 4.0]
- Email:
- Phone: (XXX) XXX-XXXX
- Address:
- Street Address
- City
- State
- ZIP Code
Experience:
- Do you have experience in any of these fields?
- [Accounting/Yes/No]
Current Status:
- College Senior
- Graduation Year
Essay (500 words or less): Tell us how your school/work/life experience is relevant to owning your own franchise.
Consent:
- I acknowledge that, by clicking the checkbox as my official signature, I agree to the Official Scholarship Rules as well as Unigo Privacy Policy.
- I acknowledge that, by clicking the checkbox as my official signature, I have read and agree with Payroll Vault’s Franchise Disclosure.
Apply below:
https://www.myscholarship.app/payrollvault
#3. ICSC Foundation Graduate Scholarships:
General Scholarships Overview
These scholarships are offered directly by the ICSC Foundation and ICSC Foundation Canada for students in the United States and Canada. Applications for the 2024-25 ICSC Foundation Scholarships are now closed.
However, applications for the 2025-26 ICSC Foundation Scholarships will open in mid-January 2025.
Benefits for Scholarship Recipients:
- Tuition grant
- All-expenses-paid trip to ICSC LAS VEGAS for U.S. recipients or a Canadian-based event for Canadian recipients
- Pairing with an industry mentor through the ICSC Foundation’s Mentorship Program
- Complimentary ICSC student membership until graduation
Requirements for All Applicants:
- Minimum GPA of 3.0 (out of 4.0)
- Demonstrated interest in:
- The Marketplaces Industry, focusing on the development and management of marketplaces and spaces where people shop, dine, work, play, and gather
- Entrepreneurship (for the Roslyn & Elliot Jaffe Retail Entrepreneur Prize)
Note: The ICSC Foundation partners with AwardSpring, a third-party vendor, to administer this application. By clicking “Apply,” you will be redirected to the AwardSpring site to begin the formal application process.
Undergraduate Scholarships — United States
All applicants for U.S. undergraduate scholarships must be U.S. citizens or permanent residents.
Award amount:
- $10,000
Deadline information:
- Closed.
#4. Clarkston Scholars Scholarship:
Clarkston Scholars Program
The Clarkston Scholars program is dedicated to providing equitable access and opportunities for low-income, first-generation college students, aiming to nurture future Clarkston stewards.
Application deadline
The application period for 2023-2024 is closed. Stay tuned for details on the 2024-2025 application cycle. Applicants must meet all scholarship requirements and be prepared for an interview with a Clarkston Consulting representative during the finalist selection process.
What Makes a Clarkston Scholar?
A Clarkston Scholar is a motivated, first-generation college student who excels academically, shows interest in consulting or related fields, and demonstrates financial need. The program awards one sophomore at a four-year college/university with a $10,000 scholarship ($5,000 per year for junior and senior years). Beyond financial assistance, the program offers mentoring and networking opportunities through its diverse steward and client network.
Clarkston Scholars participate in a mentorship program with Clarkston stewards to gain exposure to the professional world and refine their strengths and interests.
Eligibility Requirements
To qualify for the Clarkston Scholars Program, each applicant/student must:
- Be a college sophomore enrolled at an accredited institution
- Be a first-generation college student with demonstrated financial need based on the EFC number from FAFSA
- Exhibit interest in consulting and/or the consumer products, life sciences, or retail industries
- Not have any familial relationship with current or former Clarkston Consulting employees
- Be willing to engage in a mentorship program with representatives from Clarkston Consulting, committing 1-2 hours per month.
Application deadline:
January 13,2024
Click on the official website to apply:
https://clarkstonconsulting.com/clarkston-scholars-program/
#5. California Institute of Advanced Management (“CIAM”) Community Scholarship:
Scholarships and Application Process
Please note that acceptance into CIAM is a prerequisite for eligibility for a CIAM scholarship.
CIAM Merit and Achievement Scholarships are granted to students based on academic merit, professional accomplishments, or extraprofessional achievements. These scholarships, exclusively for tuition, are made possible through the generous support of Mr. and Mrs. Shao. Some scholarships are available irrespective of financial need. Prospective students apply for University scholarships via the Scholarship Application. CIAM adheres to all federal and state laws and regulations governing aid programs when awarding scholarships. Our decisions are guided by these regulations, the information provided by applicants, the number of applicants, and the total funds available.
For any inquiries, please contact the CIAM Scholarship Committee at (626) 350-1500 or email scholarships@ciam.edu.
CIAM Scholarships 2024 External Scholarships Application for Academic Year 2024:
Any new or current CIAM student is eligible to apply. To qualify, students must have applied and fulfilled the following three criteria, as well as the criteria specified for each scholarship, and adhere to the published deadlines. Only one scholarship per student will be awarded, and it is non-renewable.
- Students must have received acceptance into CIAM.
- Complete the Scholarship Application form by the published deadline.
- Students must meet the eligibility requirements for the scholarship they are applying for.
Click the link below to begin your application: Scholarship Application Form
#6. Grasshopper Entrepreneur Scholarship:
Grasshopper Entrepreneur Scholarship
Number of Awards: 1
Grasshopper has been facilitating the establishment and growth of small businesses since 2003. From humble beginnings, we’ve served over 300,000 entrepreneurs and continue to expand our services.
As a part of LogMeIn, our dedication to supporting entrepreneurs remains steadfast. We are delighted to collaborate with our corporate social responsibility program, Mission Possible, to present the 6th annual Grasshopper Entrepreneur Scholarship.
Scholarship Award
Grasshopper will grant one (1) $5,000 scholarship to the top entry chosen by our judges. The scholarship will be provided in the form of a check, payable directly to the university where the winner is currently enrolled or will be attending for the 2019 school term.
Amount: $5,000.00
Deadline: August 30
Eligibility:
- Age: Not specified
- GPA: Not specified
- Applicants must attend an accredited American college, university, or trade school.
- An essay of 500-700 words on the entrepreneurial-related topic provided is required.
Sponsor: Grasshopper
Contact Information:
- Office: 197 First Avenue, Needham, MA
- Phone: (800) 820-8210
- Website: http://www.grasshopper.com/entrepreneur-scholarship
- Email: scholarships@grasshopper.com/
Entrepreneurship Scholarships: Conclusion
The characteristics of a good entrepreneur are mostly self-evident. You must be self-assured, Well-spoken, Aggressive, Single-Minded and decisive.
All of these characteristics are common among successful entrepreneurs. To be heard, you must first get your product/service out there, negotiate, and be able to respond well to criticism. One of the worst characteristics an entrepreneur can have is passivity.
And, if you want a scholarship, your business idea must be aggressive and confident. Free money does not just fall into your lap; you must demonstrate why you are the best. Consider the scholarship application (and all other applications) as a way to improve your entrepreneurship skills. After all, if you can’t justify it, why should anyone else?
Nothing is lost if you don’t succeed. Continue to apply for grants, scholarships, and competitions, and your abilities will improve.
Frequently Asked Questions (FAQs)
What are the common requirements for a scholarship?
There is a wide range depending on the scholarship you seek. However, there are some patterns in business scholarships. To be eligible, you must maintain a minimum GPA of 3.0 in majority of programs. In addition, you must submit an essay on a specific topic. You must make a compelling case for why you should be considered, and one or two letters of recommendation are always a good choice. Even if letters of recommendation are not required, they should be submitted. Financial need is also considered. In an ideal world, you would be an exceptional student who cannot afford university as it is. If you can easily afford a scholarship, you are unlikely to receive one.
What are the factors I Should consider when applying for a Entrepreneur scholarship?
Put yourself in the shoes of the application’s judging panel. They are looking for bright, eager, and motivated students who want to change the current system with new ideas at a good university. To be successful, your application must stand out in competition. At the same time, you must do your homework and recognize that the competition will be difficult to overcome. Have letters of recommendation from people other than family members, and make sure your essay is unique to the school of application rather than a copy-and-paste job. You can use a similar structure, but the essay must be tailored to the institution.
What are the most common scholarship interview questions?
There are numerous questions that can be asked during a scholarship interview. However, the ones for which you must be prepared are simple and obvious.
They are as follows:
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