Y&Y Global Fellowship Program – Deadline: June 20, 2021 11:59 PM (GMT-3)

Yunus & Youth Global Fellowship Program – Deadline: June 20, 2021 11:59 PM (GMT-3)

Yunus & Youth Global Fellowship Program

7th Cohort

Preguntas Frecuentes

ELIGIBILITY CRITERIA

¿Estoy calificado?

We welcome applicants between 18 and 30 years of age who hold primary decision-making power in organizations created to solve a social or sustainable challenge in their community. We seek applicants who are committed to building a business strategy that makes your organization scalable, financially sustainable, and able to quantify your impact.

Can I apply if I have a social business idea, but my business isn’t operational yet?

No. The Y&Y Fellowship supports organizations that are already operational. The program methodology includes hands-on activities. These activities presuppose that you already have tested your assumptions about the solution you created and the problem you wish to solve.

Can I apply if my organization is registered as a non-profit or traditional for-profit business?

Yes. We understand that only a few countries allow organizations to register as social enterprises, so many social entrepreneurs opt to register their initiatives as non-profits or traditional businesses. For Yunus & Youth, it is essential that you are committed to solving a social or sustainability problem, and are dedicated to developing a financial model that does not depend on grants or donations.

¿Los cofundadores u otros miembros del equipo también pueden participar en el programa?

Yes. Co-founders or other team members are welcome to join all activities conducted during the program.

How many Y&Y Fellows do you select each year?

We invite up to 35 young social entrepreneurs to join each cohort of the Y&Y Fellowship Program.

Y&Y GLOBAL FELLOWSHIP PROGRAM

Do I have to pay any fees for the program?

No. There are no financial costs associated with this program.

Does the program include in-person activities?

No. It is 100% online.

What language do you use in the Fellowship?

The Y&Y Global Fellowship is completely in English. Yunus & Youth also runs the same program in Spanish for Latin Americans. Subscribe here to be notified when applications open for the next Y&Y LATAM Fellowship.

Who will be my mentors?

The mentors are experienced business professionals from Fortune 500 companies who volunteer to help social entrepreneurs reach their full potential.

¿Cuándo empieza el programa?

The program runs once per year. The next cohort starts in late August 2021 and ends in April 2022.

Does the program provide financial support or investment?

No, our program focuses on offering training, tools and connections. We don’t provide direct financial support or investment.

¿Cuánto tiempo debo dedicar al programa cada semana?

Though it varies throughout the program, the Y&Y Fellowship requires, on average, 5 hours per week. This can vary according to your own pace, the status of your social business, and the activity for that week. The time you invest will bring direct benefits to your social business. All the activities are designed to help your business become financially sustainable and scalable, and to measure your impact.

Can co-founders or other team members also participate in the program?

Only Fellows have full access to the entire program. Other team members are welcome to attend the webinars organized by Yunus & Youth.

¿Qué sucede si no puedo cumplir con mis responsabilidades?

We know that Y&Y Fellows contend with different circumstances, time zones and personal challenges, so we aim to keep communication open, trustworthy, flexible. Our approach is to reach agreement and be adaptable. However, if a Y&Y Fellow does not comply with what has been asked for, does not meet deadlines, and does not communicate proactively to find alternatives, we will remove them from the program and the Y&Y network. We won’t share the information with other partners or save records to deny future opportunities, unless the social entrepreneur was removed for ethical or disciplinary reasons.

SELECTION PROCESS

How will I be evaluated during the selection process?

We evaluate all applicants using the following five criteria: business model & social impact, time availability, communication skills, fit with Yunus & Youth, and diversity.

Do I receive any feedback if I am not accepted into the program?

No. We regret that due to the very large number of applications, we can’t provide individual feedback.

How does the selection process work? Which dates are the most important?

The selection process includes three consecutive steps. Each step narrows down the pool of candidates. We have designed the process to be constructive and educational, and we provide resources to help you create the strongest possible application.

Step 1: Online Application Form

If you meet the minimum eligibility criteria described in Section 4 above, we invite you to apply for the 2021 Y&Y Fellowship at http://bit.ly/yyfellowship.

Candidates must submit their applications before Sunday, June 20, 2021 at 11:59 PM (GMT-3). Please confirm your local time zone here. Applications submitted after the deadline will be automatically disqualified.

Step 2: Motivation Challenge

We will contact approved applicants by email. In the email message, we will provide all the details you need to complete the Motivation Challenge, which is a 5-minute video that presents your motivations for joining the Y&Y Fellowship. We will include the submission deadline and instructions on how to share the video in the email.

Step 3: Finalist Interviews

We will invite a small group of finalists for online 30-minute interviews with the Yunus & Youth team by Friday, July 30, 2021.

After the selection process ends (in August 2021), we will communicate the final results individually to you via email.

If you are selected as a Y&Y Fellow, you have up to 24 hours to confirm your acceptance via email.

If you don’t respond within 24 hours, you will forfeit the right to join the 2021 Y&Y Fellowship Program. In that case, we will notify an applicant on the waiting list, who will have 24 hours to confirm their acceptance.

What are the questions in the application form?

Before beginning your application, we strongly encourage you to thoroughly read the complete program overview we have prepared. It will help you fully understand the Y&Y Fellowship and prepare your application. You can download it here.

ELIGIBILITY CRITERIA

¿Estoy calificado?

We welcome applicants between 18 and 30 years of age who hold primary decision-making power in organizations created to solve a social or sustainable challenge in their community. We seek applicants who are committed to building a business strategy that makes your organization scalable, financially sustainable, and able to quantify your impact.

Can I apply if I have a social business idea, but my business isn’t operational yet?

No. The Y&Y Fellowship supports organizations that are already operational. The program methodology includes hands-on activities. These activities presuppose that you already have tested your assumptions about the solution you created and the problem you wish to solve.

Can I apply if my organization is registered as a non-profit or traditional for-profit business?

Yes. We understand that only a few countries allow organizations to register as social enterprises, so many social entrepreneurs opt to register their initiatives as non-profits or traditional businesses. For Yunus & Youth, it is essential that you are committed to solving a social or sustainability problem, and are dedicated to developing a financial model that does not depend on grants or donations.

¿Los cofundadores u otros miembros del equipo también pueden participar en el programa?

Yes. Co-founders or other team members are welcome to join all activities conducted during the program.

How many Y&Y Fellows do you select each year?

We invite up to 35 young social entrepreneurs to join each cohort of the Y&Y Fellowship Program.

SELECTION PROCESS

How will I be evaluated during the selection process?

We evaluate all applicants using the following five criteria: business model & social impact, time availability, communication skills, fit with Yunus & Youth, and diversity.

Do I receive any feedback if I am not accepted into the program?

No. We regret that due to the very large number of applications, we can’t provide individual feedback.

How does the selection process work? Which dates are the most important?

The selection process includes three consecutive steps. Each step narrows down the pool of candidates. We have designed the process to be constructive and educational, and we provide resources to help you create the strongest possible application.

Step 1: Online Application Form

If you meet the minimum eligibility criteria described in Section 4 above, we invite you to apply for the 2021 Y&Y Fellowship at http://bit.ly/yyfellowship.

Candidates must submit their applications before Sunday, June 20, 2021 at 11:59 PM (GMT-3). Please confirm your local time zone here. Applications submitted after the deadline will be automatically disqualified.

Step 2: Motivation Challenge

We will contact approved applicants by email. In the email message, we will provide all the details you need to complete the Motivation Challenge, which is a 5-minute video that presents your motivations for joining the Y&Y Fellowship. We will include the submission deadline and instructions on how to share the video in the email.

Step 3: Finalist Interviews

We will invite a small group of finalists for online 30-minute interviews with the Yunus & Youth team by Friday, July 30, 2021.

After the selection process ends (in August 2021), we will communicate the final results individually to you via email.

If you are selected as a Y&Y Fellow, you have up to 24 hours to confirm your acceptance via email.

If you don’t respond within 24 hours, you will forfeit the right to join the 2021 Y&Y Fellowship Program. In that case, we will notify an applicant on the waiting list, who will have 24 hours to confirm their acceptance.

What are the questions in the application form?

Before beginning your application, we strongly encourage you to thoroughly read the complete program overview we have prepared. It will help you fully understand the Y&Y Fellowship and prepare your application. You can download it here.

Y&Y GLOBAL FELLOWSHIP PROGRAM

Do I have to pay any fees for the program?

No. There are no financial costs associated with this program.

Does the program include in-person activities?

No. It is 100% online.

What language do you use in the Fellowship?

The Y&Y Global Fellowship is completely in English. Yunus & Youth also runs the same program in Spanish for Latin Americans. Subscribe here to be notified when applications open for the next Y&Y LATAM Fellowship.

Who will be my mentors?

The mentors are experienced business professionals from Fortune 500 companies who volunteer to help social entrepreneurs reach their full potential.

¿Cuándo empieza el programa?

The program runs once per year. The next cohort starts in late August 2021 and ends in April 2022.

Does the program provide financial support or investment?

No, our program focuses on offering training, tools and connections. We don’t provide direct financial support or investment.

¿Cuánto tiempo debo dedicar al programa cada semana?

Though it varies throughout the program, the Y&Y Fellowship requires, on average, 5 hours per week. This can vary according to your own pace, the status of your social business, and the activity for that week. The time you invest will bring direct benefits to your social business. All the activities are designed to help your business become financially sustainable and scalable, and to measure your impact.

Can co-founders or other team members also participate in the program?

Only Fellows have full access to the entire program. Other team members are welcome to attend the webinars organized by Yunus & Youth.

¿Qué sucede si no puedo cumplir con mis responsabilidades?

We know that Y&Y Fellows contend with different circumstances, time zones and personal challenges, so we aim to keep communication open, trustworthy, flexible. Our approach is to reach agreement and be adaptable. However, if a Y&Y Fellow does not comply with what has been asked for, does not meet deadlines, and does not communicate proactively to find alternatives, we will remove them from the program and the Y&Y network. We won’t share the information with other partners or save records to deny future opportunities, unless the social entrepreneur was removed for ethical or disciplinary reasons.

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