Nexford University, based in Washington DC, has unveiled an Entrepreneurship Scholarship and $200,000 funding opportunity for scholarships graduates, with a mission to empower next-generation leaders across the world.
Reflecting on the Nexford University scholarships, CEO Fadl Al Tarzi stated: “The world needs more doers. We thought about what we can do to help them. If you’re a doer, you won’t let anything stop you, be it your physical location, lack of experience or even lack of funding.
“Having said that, we want everyone to succeed – we want to empower people with the tools they need to increase their chances of success.”
Entrepreneurs play a key role in the economy
The US Small Business Administration reported that in 2018 small business added 1.9 million net jobs showing that entrepreneurs play a key role in the economy.
The 30.2 million small businesses in the US employ 47.5% of the state’s private workforce.
Since 2017, the global startup economy generated $2.8 trillion in economic value according to Forbes.
This new opportunity will help entrepreneurs launch their business idea, get ahead in their career, improve their prospects and influence those around them.
“Through this initiative, we’re providing entrepreneurs with the skills they need to move forward in life, and we’re not stopping there,” added Mr Al Tarzi.
“While we believe skills are the most valuable currency, you can’t buy ads or hire people with skills along. So we’re taking it one step further and funding the most promising startup ideas we’ll receive.”
100 Nexford University scholarships will be available
There are to be 100 BBA or MBA scholarships announced as part of Nexford’s push to support more entrepreneurs.
Scholarship recipients will practice real-world business concepts that acts as a bridge to entrepreneurship, with specialisations available including Building a Tech Startup, 360° Marketing, Enabling E-|Commerce, and Doing Business Across the World.
Following graduation, scholarship recipients will have the chance to pitch their startup idea, with Nexford funding five scholarship graduates at $10,000 each.
Nexford’s approach to education is away from the traditional, heavily theoretical approach; they believe that education is important not only for startup success but as a foundation on which learners will build for years to come.
Graduates will not only have a range of skills, but have learnt how to learn, something which is essential regardless of one’s career path.
Hari is the Managing Editor of Global Education Times. Hari has clocked nearly a decade working as a communications professional with a focus on the education sector. He has also had stints in journalism and advertising in a career which has seen him live, study, and work, in three countries.
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