We recently closed the application process for the Acumen Fund Fellows Program, and our initial count shows more than 600 applicants to the program, far exceeding expectations. A preliminary analysis (of about half the applicants) lifted some interesting statistics about the diversity and range of applications:
* More than 52 countries are represented in the applications we’ve received.
* The leading nations are: United States, with 28% of the applicants, India with 14%, United Kingdom with 14% and Pakistan with 10.5%.
* All continents are represented, and countries are wide-ranging, including Gambia, Philippines, Moldova, Argentina, Costa Rica, Congo and the Czech Republic.
* Of the U.S. applicants, while New York represents the largest share (30%), representation is wide, with Kentucky, Arizona and Georgia all making a showing.
Needless to say, this will be a very competitive process, and we will have to make a lot of hard decisions to narrow our field down to a final cohort of 10 fellows. (We will keep you posted on the process.) But overall, the numbers are a testament to the extreme interest in this kind of work and to the promise of these smart, inspired individuals.
Acumen Fund Launches Blog…
We’ve talked about Acumen Fund before here at NextBillion – the non-profit venture fund that supports BOP enterprises delivering critical goods and services to the world’s low-income communities through investments. Like us, they too believe in u…