1st Formations Business Scholarship

Abhilasha Garg Abhilasha Garg
Study Abroad Expert

1st Formations Business Scholarship is presented by 1st Formations, a leading UK company formation agent to fund the next generation of entrepreneurs. This Scholarship provides additional funding to students who are studying UG and PG programs in recognized the UK or US academic institution.

It intends to provide additional funding to develop the skills required to become a future industry leader. The scholarship bursary amount of 800 USD is given to 10 students.

Benefits of 1st Formations Business Scholarship

Recipients of the 1st Formations Business Scholarship can use the award amount for costs of studying like a textbook and other living expenses. Some significant benefits of this Scholarship are:

Details Benefits
Award Amount 800 USD 
Award Duration One year 
Applicable Programs All UG programs at Universities of the U.K and U.S 

1st Formations Business Scholarship assists the budding entrepreneurs in accessing the education, skills, and knowledge required to run their own business in the future.

The deadline for 2020 applicants is May 29, 2020.


Highlights

Scholarship Type Merit-Based
Offered byInstitution
Organization1st Formations
Application DeadlinePassed
No. of Scholarships10
Amount$800
Renewabilityno
International Students EligibleYes
Scholarship Website Linkhttps://www.1stformations.co.uk/business-scholarship/

Eligibility Criteria

1st Formations Business Scholarship is open to the students who are currently studying in UG and PG degrees in universities in the U.S and the U.K.

To secure the benefits of the 1st Formations Business Scholarship, applicants need to fulfill the eligibility criteria listed below.

  • Applicants should show a desire to run his/her own business.
  • Should demonstrate academic excellence by providing a LOR from a tutor or course co-ordinator. It should be from the current course, i.e. from your current academic institution not even past course or overseas academic institution.
  • Should not be a previous recipient of the 1st Formations Business Scholarship.
  • Should demonstrate personal circumstances that make them a suitable candidate for additional financial support.

The deadline for the scholarship is May 29,2020. Applicants who want to enjoy the grant provided for Ist Formations Business Scholarship are advised to apply at the earliest.


Application Process

The application process for the Ist Formations Business Scholarship is easy. Applicants have to send their entries through emails with the required documents listed below:

  • LOR from a tutor or course co-ordinator. Also, include a contact email address or telephone number for your sponsor.
  • A note of recent grades/exam results from the current course. The grades should be a current course of study at UK/US academic institutions.
  • A written submission of 500 words that explains what makes them a good candidate for the Scholarship. They can outline any circumstances which they feel may aid their application.
  • Include detail on how they would use the funds to assist their studies if successful.

500 words statement should be simple and sound arguments presented in a neat and clear way. The statement should also include a plan to build a product or business that will help to improve the conditions of other needy and poverty.

Completed applications should be mailed at scholarship@1stformations.co.uk

Note: Grades from the past institution will not be accepted. Grades and exam results from overseas courses will only be accepted if they relate to studies undertaken as part of an exchange program on your current course and are verified by the UK or US institution.


Selection Process

Applications for the 1st Formations Business Scholarship will be assessed on the documents and write-up submitted during the application process. The application will be evaluated on the basis of :

  • A 500-word Statement showcasing enthusiasm for studying and pursuing a career in business.
  • The quality of the academic letter of recommendation and grades provided.
  • Demonstration of their circumstances and need for further financial support

All the required documents and 500-word statement will be evaluated and then 10 students will be selected for the scholarship. Recipients of the scholarship will be contacted via email.


Grant Details

As part of the ongoing dedication to supporting new business, 1st Formations is helping all the students studying UG and PG programs at Universities of the U.K and US.

The amount given for scholarship is 800 USD to 10 selected students. The scholarship amount can only be used for the cost of course materials, textbooks, and other living expenses. Applicants have to submit a 500-word statement demonstrating enthusiasm for studying and pursuing a career in business. After the evaluation of the documents and statements submitted by the applicants, winners will be selected.

The deadline for the 1st formation Business Scholarship for applications of 2019-2020. is May 29, 2020, The successful candidates will be contacted and announced by June 30, 2020.

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