Student entrepreneurs graduating from the Yale School of Management this year have a new opportunity to help them manage the costs of launching a startup. The Yale SOM Entrepreneurship Fellowship will allow students to defer their student loan payments for the first two years after graduation. The school pays the interest accruing on the loans, up to $7,000/year. The goal is to help entrepreneurs funnel more time and money into their startups during the critical early years.
Up to five fellowships are available each year. A committee of Yale SOM alumni, entrepreneurs, and investors will select the recipients. The fellowship joins a variety of existing grants for entrepreneurs, including:
The Nancy Pfund ’82 Social Impact Award: The Nancy Pfund ’82 Social Impact Award promotes social entrepreneurship by supporting first-year students pursuing summer internships at mission-driven, social sector organizations with double bottom lines.
The Henry F. McCance Entrepreneurial Award: The Henry F. McCance Entrepreneurial Award summer internship funding for first-year students, new venture seed financing for second-year students, and funding for Yale SOM students joining an early-stage startup.
The Morris and Miriam Pozen Entrepreneur Award: The Morris and Miriam Pozen Entrepreneur Award, which provides summer internship funding for first-year students, new venture seed financing for second-year students, and funding for students joining early-stage startups.
The Fuad El-Hibri ’82 Entrepreneurial Award: The Fuad El-Hibri ’82 Entrepreneurial Award provides summer internship funding for first-year students, new venture seed financing for second-year students, and funding for students joining early-stage startups.
The Marshalla and Jay S. Yadav, M.D. ’79 B.S. Entrepreneurial Award: The Marshalla and Jay S. Yadav, M.D. ’79 B.S. Entrepreneurial Award provides summer internship funding for first-year students, new venture seed financing for second-year students, and funding for students joining early-stage startups.