NFIB Young Entrepreneur Foundation 2016 Scholarship Application Now Open with Increase in Scholarship Amounts

The National Federation of Independent Business (NFIB) Young Entrepreneur Foundation announced that its scholarship application for the 2016 NFIB Young Entrepreneur Awards is now available.

High school seniors who run their own business and plan to attend a two- or four-year university, college, or vocational institute during the fall of 2016 are eligible to apply.

“These ambitious young business owners continue to impress us with their innovation, spirit and work ethic each year,” said Director of the Young Entrepreneur Foundation Molly Young. “It is so important that we support tomorrow’s business leaders and encourage them to fulfill their entrepreneurial dreams.”

The NFIB Young Entrepreneur Foundation offers scholarships that recognize high school seniors who have demonstrated entrepreneurial spirit and initiative through having established and run their own businesses. The scholarship program’s goal is to raise awareness among the nation’s youth of the critical role that private enterprise and entrepreneurship play in the American economy.

As an added bonus this year, VISA Inc. has agreed to double the Awards. Ninety five of the scholarship winners will now receive a $2,000 award and five students will be chosen as Young Entrepreneur of the Year Award finalists. The finalists will qualify for NFIB’s two top scholarship awards and attend a ceremony in Washington, D.C., where the winners will be named.

The Young Entrepreneur of the Year recipient will receive $25,000, the Dan Danner Leadership Award winner will receive $15,000 and the remaining three finalists will each receive $10,000.

“The increase in the amount of money we will be providing to young entrepreneurs across the country shows NFIB’s and VISA’s commitment to supporting youth entrepreneurship and the future of small business” said Young.

What do students need to know?

  • Students are able to apply October 1, 2015 thru December 18, 2015.
  • The independent selection committee will review all applications and select semi-finalists. Semi-finalists will be notified by mid-January.
  • Semi-finalists must be interviewed by an NFIB member, who will be assigned to each semi-finalist.
  • The Award recipients are selected by an independent scholarship organization. Scholarships are merit-based, not based on financial need.

Since 2003, the NFIB Young Entrepreneur Foundation has awarded more than 2,700 scholarships totaling $2.7 million. Last year the Foundation awarded 100 deserving student entrepreneurs $145,000.

“Any high school senior who runs their own business and plans to further their education is encouraged to apply for this scholarship,” Young continued.  “We could not be more excited to open this year’s application and see what wonderful things the class of 2016 has to offer.  We wish all of the applicants the best of luck!” 

More information about the YEF scholarship program and past recipients is available here.

Follow NFIB on Twitter @NFIBYEF.

Categories: Career Advice, College, College Career Advice, Entrepreneurship, Financial Aid & Scholarships, Job Advice

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