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

Date: October 01, 2015

www.nfib.com
For Immediate Release
Contact: Kelly Klass 609-713-4243 or
[email protected]
Follow NFIB’s Young Entrepreneur Foundation on Twitter @NFIBYEF

High school seniors that
run their own business are encouraged to apply for this prestigious national
scholarship  

Washington, D.C. (October 1, 2015) — 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, DC 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

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