Venture for America is doing their part to create jobs for the U.S. economy. Today VFA announced the offering of new entrepreneurship fellowship opportunities for recent college graduates. VFA’s goal is for its fellows to contribute to the creation of 100,000 jobs by 2025.
Here is a bit of information about how the program works:
“Start-up companies within the target cities will be identified within industries of great potential or future importance (e.g., energy, biotech, materials sciences, infotech, education innovation, etc.). These start-ups will be presented with VFA fellows to hire for two years, at a discounted salary of $32- $38,000 per year. At the end of the 2-year period, the company can hire the fellow under new terms”.
VFA fellowships are for two years, and upon the conclusion of the fellowship the highest performing fellow is awarded $100,000 for seed investment for a new venture or funding for their existing company. VFA is working with established venture capital and angel networks to be able to extend multiple awards like this, as well as vendor services, in the coming years.
To learn more about Venture for America fellowships please visit their website: http://ventureforamerica.org