The Shuttleworth Foundation Fellowship Program funding
consists of two components for each Fellow – the fellowship
grant and the co-investment project funding.
The fellowship grant covers the cost of the Fellow’s time for
a year and is guaranteed to the fellow for that year. The
grant amount varies and is determined by each Fellow’s salary
equivalent outside of the fellowship.
The co-investment project funding is the most unique part of
the Fellowship Program, as Fellows are rewarded for investing
in their own ideas. An amount of $250,000 is set aside per
Fellow per year as potential project funding. This funding is
unlocked through a light weight project pitch process and the
Foundation tops up the Fellow’s own investment by adding at
least 10 times as much funding from their project funding
pool.
Imagine the cost of a Fellow’s time for the year is agreed at
$1000. As the fellowship year progresses, the Fellow realises
that it would be beneficial to spend $100 in order to advance
their idea. The Fellow then takes $900 home for the cost of
her time and reinvests $100 back into the implementation of
her idea, while the Foundation contributes at least another
$1000, giving her a project budget of $1100.
The investment coming partly from the Fellow themselves has
a 2-fold effect;
- Fellows are rewarded for the time and money they would typically invest in their own ideas as a free agent anyway by focusing their time and amplifying their funding.
- Fellows pay closer attention to the relationship between expenses and outcomes.
The Shuttleworth Foundation offers fellowships to individuals
to implement their innovative idea for social change. We are
most interested in exceptional ideas at the intersection
between technology, knowledge and learning, with openness
being the key requirement.
The Foundation funds people from all over the world regardless
of gender, age, nationality or experience. We are looking for
a complete picture of you and your idea.
