Savvy Global Fellowship Summer 2023 is for Aspiring and Early-Stage Entrepreneurs who are passionate about solving some of the world’s most pressing problems through innovative and sustainable ways, and who want to build a successful impact-driven business, but didn’t know how to. Who owns early-stage businesses and wants to grow and scale into new markets and verticals. Who are interested in being part of the new generation of impact-driven entrepreneurs
Available in 111 languages, Savvy is a global virtual Fellowship program for passionate and brilliant young individuals seeking to be part of the new generation of impact entrepreneurs. Due to the COVID-19 pandemic and the recent macroeconomic downturn, many have lost their jobs and are now living in an uncertain world. Savvy Fellowship is equipping these individuals with the necessary knowledge and skill they need to start their own impact-driven businesses and succeed as entrepreneurs. As a Savvy Fellow, you will be provided with the knowledge, skills, tools, resources, support network, and community to build a sustainable, innovative, and profitable impact-driven business.
Backed by the Roddenberry Foundation, the United Nations Office for South-South Cooperation, the International Telecommunication Union, and Because International, the Savvy Global Fellowship for Aspiring and Early-Stage Entrepreneurs has received over 114,870 applications from around the world since 2020, and has selected, trained, and supported 9,707 Fellows from 163 countries. For 12 to 32 weeks, no matter what stage your venture is, the Fellowship program helps selected Fellows answer all the relevant questions that they need to kickstart their amazing impact venture, gain early traction, achieve product-market fit, and scale into new markets.
Their Mission this year is to train at least 10,000 passionate individuals from 195 countries, to build successful impact-driven businesses—providing employment to others, creating wealth for themselves, and improving the economy of their nations.
Fellowship Details
Some of the things you’ll learn as a Savvy Fellow include fundraising for your business, building the right team to execute your business strategies, building buzz around your product or service, achieving product-market fit, scaling into new markets and verticals, and building customer loyalty and retention.
E-Learning: Savvy Fellowship kicks off with a rigorous 12-week e-learning experience. As a Savvy Fellow, you will learn everything from ideation to scaling. Some of the things you’ll learn during the program are ‘understanding your customer’, ‘building a product or service that effectively solves their key challenges’, and ‘effectively positioning your solution in the market.’
Week 1: Understanding Your Customer
Week 2: Building the Right Product or Service
Week 3: Leading the Competition
Week 4: Understanding Your Target Market
Week 5: Drafting the Right Revenue Model
Week 6: Your Customer Acquisition, Activation & Retention StrategyWeek
7: Your Operation
Week 8: Setting the Right Business Structure
Week 9: Your Go-To-Market Strategy
Week 10: Building the Right Team
Week 11: Your Fundraising Strategy
Week 12: Securing the Right Partners
After completing the compulsory 12-week training, you can also take optional free courses in business communications (10 weeks) and product design (10 weeks).
Assessment: During the 12 weeks of learning, unlearning, and relearning, you can test your understanding by taking our weekly quizzes. The quizzes are a combination of multiple choices, Yes or No, and True or False. Assessments are the best way to identify your strengths and areas of weakness. Knowing your weaknesses helps you work effectively on them.
Peer Mentorship: The program has introduced peer-to-peer mentorship, which they have found very effective. Their motto at Savvy is: “Be Your Fellow’s Keeper.” So, since all Savvy Fellows don’t have the same level of experience, more experienced and knowledgeable Fellows will help guide the others.
Expert Mentorship: Savvy Fellows get weekly expert mentorship from 1,158 renowned experts across various industries. The Fellows are expected to effectively transform all their learnings from the expert mentorship sessions, into meaningful and measurable societal impact.
Resources: After 12 weeks, you’ll receive a Certificate of Completion to proudly share with your professional network. That’s not all. You’ll still find the Savvy platform useful as we constantly share weekly articles on impact entrepreneurship, personal branding, capacity building, and professional opportunities. So, your Savvy Fellowship account will be useful even after you complete the intensive 12-week virtual Fellowship program.
Certificate: After 12 weeks, you’re able to request a Certificate of Completion to proudly share with your professional network. Fellows whose accounts are up to 12 weeks old are able to request a Certificate of Completion for the Savvy Fellowship program, via the ‘Account’ tab. Accounts that are less than 12 weeks are by default unable to request a Certificate.
Savvy Prize: At the end of every year, Savvy Fellows compete for the $3,000 Savvy Prize, which seeks to recognize and support the efforts of Savvy Fellows working to solve some of the world’s most pressing problems through innovative and sustainable ways. The Savvy Prize comes in cash prizes, product development support, and marketing endeavors. So far, the Savvy Prize has been awarded to 7 Savvy Fellows
Eligibility
Open to aspiring and early-stage entrepreneurs around the world.
There is no geographical, ethnic, or academic restriction.
They accept new Fellows between the ages of 18 – 40, who can demonstrate in their application their passion to learn and create lasting change in their community (and the world.) However, they consider applicants above the age of 40, with at least 5 years of work or entrepreneurial experience.
Benefits
Becoming a Savvy Fellow is an opportunity for you to:
Identify your ideal target customer, and build a product or service that exceeds their expectations.
Make your product or service stand out from competing or substitute solutions in the market.
Draft a solid go-to-market strategy, revenue model, and customer acquisition strategy for your business.
Optimize your business operations, delegate properly, and build a winning team to execute your business strategies.
Identify the right legal structure for your business, raise capital for your business, and forge strong strategic partnerships that will help you scale your business.
Meet and interact with renowned business experts across various industries.
Share your experiences with other Fellows, and learn from them.
Explore industries beyond your daily work and expand your expertise.
Strengthen your work through new connections, skills, and ideas.
Join a global alumni network of nearly 10,000 entrepreneurs, to help you seek innovative solutions to common business challenges.
They have no application deadline. Savvy is a fully-funded Fellowship program, so selected Fellows are not required to pay any fee.
