The Hitachi Foundation, which seeks to discover and expand business practices that create tangible and enduring economic opportunities for low-wealth Americans, their families, and the communities in which they reside, has opened the application process for the foundation's Yoshiyama Young Entrepreneurs Program. The program seeks to identify five entrepreneurs, awarding each $40,000 over two years, and providing technical resources to strengthen their businesses.
Eligible applicants must be at least 18 and no more than 29 when they launched their business. Businesses must be one to five years old and have been generating revenue for at least the past twelve months. The award is open to businesses organized as either for- or nonprofit with an earned-income revenue model. In addition, the enterprise must create jobs, supply goods or services, or use internal management practices that offer low-wealth individuals in America an opportunity to improve their economic mobility.
In addition to the cash prize of $40,000 over two years, Yoshiyama Young Entrepreneurs will benefit from a partnership with Investors' Circle — a nonprofit membership organization whose mission is to catalyze the flow of investment to support entrepreneurs that address major social and environmental issues. Investors' Circle will match an IC member mentor with each of the Yoshiyama Young Entrepreneurs, creating relationships based on entrepreneur needs and mentor expertise.
Complete program information and application materials are available at the Hitachi Foundation Web site.
Contact:
Link to Complete RFP
A nonprofit 501(c)3 organization, the RCWE’s mission is to connect people with jobs through collaborative workforce development efforts and strong partnerships with economic development, business, education, and government sectors in the Northwest Pennsylvania region.
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