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;
Advancing innovation and access to medicines
Protecting the planet with affordable conservation technology
Expanding human knowledge online
Revolutionising the disaster relief supply chain
Developing openly accessible cell cultures
Building an open and sustainable bioeconomy
Empowering communities to create complementary currencies
Opening human health data
Checking the facts
Making open medical hardware
Fixing our relationship with electronics
For more information about all those previously part of the fellowship program please view our alumni.