ACT Capital Foundation invites applications for the ACT Fellowship Program for Young Professionals. The last date to apply for this fellowship is August 7, 2023.
About ACT
ACT Capital Foundation for Social Impact is a not-for-profit company incorporated and registered under Section 8 of the Companies Act, 2013. All donations made to ACT Capital Foundation are eligible for income tax deduction under Section 80G of the Income Tax Act.
Fellowship Details
The ACT Fellowship is an opportunity for young professionals to learn what it takes to leverage venture philanthropy for creating social impact at scale.
If you’re looking to build your career in social impact, pivot your professional journey towards impact investing or hope to become a social entrepreneur, this program will offer you a platform to learn from leading investors and startup founders to help you gain real-world experience in venture philanthropy.
- 9-Month Full-Time Program
- The ACT Fellowship is an intensive experience that enables you to learn what it means to apply venture capital principles to philanthropy.
- 4 Impact Spaces
- As an ACT Fellow, you’ll work with one of our 4 focus areas i.e. ed-tech, public healthcare, climate action or gender inclusivity.
- 40 Hours/Week
- Fellows will work with the ACT team on a wide array of projects including sector research, deal flow sourcing, due diligence, investment pitches, portfolio management, impact assessment, collaborative programs etc.
- 5 Fellows
- We’re highly selective about who we invite into the program to ensure that our Fellows have an incredible peer-learning experience as well.
Program Structure
- 70% of the program is designed to help you learn while simultaneously applying what you’ve learnt to multiple live projects.
- 20% of fellows will have the opportunity to learn from the ACT team as well as ACT’s network of industry experts through masterclasses, in-person retreats, portfolio field visits, quarterly team stepbacks and investment committee discussions.
- 10% of the cohort will be able to access collaborative peer-to-peer learning through a team project that aims to channel their entrepreneurial spirit.
Stipend
All Fellows will be paid a stipend of Rs. 60,000 per month and each graduating Fellow, on successfully completing the program, will receive an experience letter from ACT and, on request, a letter of recommendation from a member of our board of advisors.
Who Are We Looking for?
- Entrepreneurial Self-Starters: Ambitious go-getters who can think on their feet, are hungry to learn, enjoy taking on challenges and can work both independently and as part of a team.
- Passionate About Innovation: Individuals who deeply believe that innovation can accelerate social impact and are abreast of the latest technology trends in the impact space.
- Deeply Invested In Social Impact: Aspiring change-makers who are genuinely interested in the social sector and want to catalyse meaningful change.
- Fascinated By Venture Philanthropy: Sharp thinkers with a bias for action who are intrigued by the idea of applying venture capital principles to social impact.
Note: The minimum eligibility criteria to apply for the Fellowship is to be a resident Indian citizen, a graduate of any discipline from an accredited university in or outside India and have at least 2 years of startup/investing/consulting/social sector work experience.
Application and Selection Process
- Interested candidates will need to complete and submit an online application form before a stipulated deadline – those shortlisted will be invited for an in-person/virtual interview with a member of ACT’s leadership team.
- Interviews will be conducted on a rolling basis and since we have limited spots, we would recommend you apply as soon as possible.
- Selected candidates will undergo reference checks before being matched with an ACT vertical for their Fellowship.
- The program will commence in September 2023.
How to Apply?
Interested candidates can apply directly through this link.
Deadline
The last date to Apply for this fellowship is August 7, 2023.
