• Frequently Asked Questions

    The following is a list of frequently asked questions (FAQ) regarding the Graduate Fellowship. If you have a question that is not included in the FAQ, please email impactentrepreneur@newschool.edu.

  • What is the target audience for the Graduate Fellowship?

    The Graduate Fellowship is open to prospective master’s students at The New School who are committed to creating positive change through entrepreneurship. Fellows may come from a variety of backgrounds, including design, media, the arts, nonprofit management, education, policy, and community development. Because we believe talent is equally distributed, even if opportunity is not, we seek to attract high-potential leaders from diverse, interdisciplinary backgrounds who are committed to addressing an unmet social, economic, or environmental need. While these innovations may take different forms, they must improve the quality of life of people in measurable ways, be financially sustainable, and demonstrate the potential for scalable impact. To be selected for the Graduate Fellowship, individuals must be admitted to a participating two-year master’s degree program at The New School for fall entry. For additional information about eligibility, please visit the Graduate Fellowship webpage.

    What if my venture is not based in the United States? Can I still apply for the Graduate Fellowship?

    Priority selection for the Graduate Fellowship will be given to individuals who are committed to building ventures in the United States. The fellowship is aimed at supporting students from diverse backgrounds who are developing ventures with the potential for scalable impact, so it is possible that ventures developed domestically may also have the potential for broader geographic impact. We believe it is important for students to have developed the relationships needed to validate their venture concepts with target customers while at The New School. Currently matriculated students who are building ventures outside the United States may wish to apply for the Venture Lab course or take advantage of the Curricular Pathways resource, both of which can be found on the IEI website.

    What is the time commitment and structure of the Graduate Fellowship?

    The Graduate Fellowship is designed to complement the course schedules of students enrolled in multiple master's degree programs at The New School. For more information about specific components of the fellowship, please visit the Eligibility and Requirements page. Students selected for the fellowship must attend courses on campus in New York City with the fellowship cohort. Additionally, fellows are expected to maintain regular communication with a mentor throughout the fellowship and apply to the Venture Lab during their second year. They must enroll in at least 6 credits per semester and be willing and able to spend an average of eight to ten hours per week building an enterprise.

    Can part-time students participate in the Graduate Fellowship?

    Yes; as long as fellows are enrolled in at least 6 credits per semester, maintain satisfactory progress toward the master's degree in which they are enrolled, can meet the requirements of the fellowship cohort, and are willing and able to spend an average of eight to ten hours per week building an enterprise, they don’t need to be full-time students. 

    Can I apply for the Graduate Fellowship if I’m applying for a dual degree BA + MA program?

    No; only prospective students who are applying to a participating two-year master’s degree program at The New School may apply to the Graduate Fellowship.

    Can I apply for the Graduate Fellowship if I’ve already started a master’s degree program at The New School?

    No; current students may not apply for the Graduate Fellowship, as this opportunity is designed for prospective students who are applying to a participating two-year master’s degree program for fall entry. Current students at The New School are eligible for other opportunities offered through the Impact Entrepreneurship Initiative (IEI). For more information about these opportunities, please visit the IEI website.

    What is the deadline for the Graduate Fellowship, and how do I apply?

    The priority deadline for the Graduate Fellowship is January 30, 2019. Individuals who wish to apply for this opportunity should review the application information and selection criteria on the Graduate Fellowship webpage. The application for the Graduate Fellowship is currently live, so individuals may start applying now. In addition to submitting a completed application for the Graduate Fellowship, applicants must also submit a completed application to a participating two-year master's degree program at The New School. For more information about the deadlines of participating programs, please review the application information on the Graduate Fellowship webpage.

    Does the application process for the Graduate Fellowship include an interview? Do I need to provide references?

    Selected candidates may be invited to schedule an interview with the Impact Entrepreneurship team and/or provide the names and contact information of individuals who are familiar with their work. 

    Do I need to have started a business or validated my idea when I apply for the Graduate Fellowship?

    No; individuals who apply for the Graduate Fellowship are not required to have started a business or validated their idea by the time they apply. If they have already started a business or validated their idea, however, we invite them to share what they have learned, including any obstacles they have overcome, as they continue to develop their venture. Our intention is to create a supportive environment in which students can take positive risks and engage in peer-to-peer learning while testing, refining, and executing their ideas. In addition to responding to seven short-answer questions, applicants are required to submit a brief video (three minutes maximum) of themselves responding to specific prompts. For more information about the application requirements, please review the application information on the Graduate Fellowship webpage.

    I have an existing venture. How would I benefit from the Graduate Fellowship?

    The Graduate Fellowship is intended to support students at different stages of the entrepreneurial journey. Individuals who have already started a business or validated their idea will receive additional support that enables them to further strengthen and develop their venture. In addition to receiving a partial scholarship, bi-weekly skill-building workshops, peer mentorship, and a cohort experience, Fellows will also benefit from individual mentorship, advising, and networking activities with members of the broader entrepreneurship ecosystem in New York City.

    What happens if I’m selected as a Graduate Fellow but not admitted to The New School?

    To be accepted to the Graduate Fellowship, individuals must also be admitted to a participating two-year master's degree program at The New School for fall entry. 

    Do I need to apply for the Graduate Fellowship every year?

    No; individuals only need to apply for the Graduate Fellowship once, when they apply for a participating two-year master's degree program at The New School. Once accepted to the fellowship, students are expected to meet all requirements of the program and maintain satisfactory progress toward the master's degree in which they are enrolled. 

    How many fellows will be selected for the cohort?

    We intend to select between 14 and 16 incoming students for the two-year Graduate Fellowship.

    Can online students participate in the fellowship?

    At this time, the Graduate Fellowship is not open to online students. Students selected for the fellowship must attend courses on campus in New York City with the fellowship cohort.

    If I am selected for the Graduate Fellowship, will I receive an additional 50 percent scholarship on top of any funding I have received from my home department?

    Students selected for the Graduate Fellowship are guaranteed a 50 percent merit-based scholarship for their course of study at The New School. If a participating master’s degree program offers the student less than 50 percent, the Impact Entrepreneurship Fellowship will contribute funding to ensure a total scholarship of 50 percent. If a participating master’s degree program offers the student 50 percent or more, the Impact Entrepreneurship Fellowship will not supplement the student’s total funding package.

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