THIRTY-SEVEN INDIVIDUALS TO RECEIVE A COLLECTIVE TOTAL OF OVER $2 MILLION IN SEED FUNDING TO AFFECT SOCIAL CHANGE.
New York, June 11, 2013 – Echoing Green today announced that Enstitute co-founders Kane Sarhan and Shaila Ittycheria are recipients of an Echoing Green 2013 Fellowship. Sarhan and Ittycheria are among 37 Fellows that will receive $2 million in seed funding as well as training, mentorship and consulting opportunities to affect positive social change. Selected from a pool of 2,872 applications, the 2013 Fellows represent just one percent of all applicants.
“We’re very excited and humbled to be Echoing Green Fellows,” said Sarhan. “Echoing Green’s support will help us drive Enstitute’s mission to redefine higher education forward.” Echoing Green’s funding will enable Enstitute to increase its number of teaching hubs in support of its mission to graduate 500,000 students from its entrepreneur apprenticeship program by 2025. “We expect Echoing Green’s funding to be catalytic,” remarked Ittycheria. “The support and resources Echoing Green gives to its fellows is unprecedented.”
“The 2013 Fellowship classes are the outcome of the twenty-five years of growth in the social entrepreneurship sector since the birth of Echoing Green,” said Cheryl L. Dorsey, president of Echoing Green and 1992 Fellow. “The organization is behind some of the most successful, innovative social change organizations in the world. In our anniversary year, we continue to invest in bold new solutions to our world’s greatest challenges.”
“The potential for our new class of Fellows is limitless,” remarked Dave Hodgson, managing director of General Atlantic, Echoing Green co-founder and current board chair. “These key influencers are a true testament to the impact that innovative problem-solving can have on our world’s greatest challenges”
For a complete list of Echoing Green’s 2013 Fellowship class click here.
About Echoing Green:
Founded in 1987 by global growth equity firm, General Atlantic, Echoing Green unleashes next generation talent to solve the world’s biggest problems. To date, Echoing Green has invested over $31 million in seed funding in more than 500 social entrepreneurs (Echoing Green Fellows) and their innovative organizations across the globe. Recognized Echoing Green Fellows include the founders of Teach For America, City Year, College Summit, Citizen Schools, One Acre Fund, and SKS Microfinance. Further, Echoing Green drives social innovation by taking the stories, frameworks, research, and lessons of its Fellows and the field of social innovation in order to inspire a generation of young people to build meaningful, impact-driven careers. Additional information can be found by visiting www.echoinggreen.org.
Enstitute is a competitive, affordable and scalable model of apprenticeship-based higher education that is building a pathway to success for students who do not excel in a traditional college environment, or cannot afford college tuition. Enstitute’s apprenticeship-based model turns startups and small businesses into classrooms. The two-year program pairs students with established entrepreneurs at high-growth companies in technology, digital media and the non-profit sector. Enstitute successfully completed the first year of its New York pilot. The program will open three new hubs next year and is on track to graduate 500,000 students by 2025.