Since 2012, the Newman Entrepreneurial Initiative has supported collaborative entrepreneurial projects led by Hertz Fellows.
The Newman Entrepreneurial Initiative provides financial and professional support to Hertz Fellows who propose the most innovative entrepreneurial projects, with particular emphasis on collaboration among fellows.
Awardees receive individual investments up to $25,000 to fund their work for six to 12 months. To improve the chance of commercial success, awardees also receive mentoring and feedback from successful entrepreneurs within the fellows community.
The initiative was established by Harold Newman, an active member of our board of directors and a long-time supporter of and generous donor to the foundation. Through Newman’s substantial endowment, this award has helped enterprising fellows co-found 11 companies and develop new technologies with real-world impact.
How to Apply
All fellows are eligible to submit a proposal for funding, but the selection committee will give preference to in-school or early-career fellows when making awards. While the project team may include non-fellows, the proposing fellow(s) are responsible for the stewardship of funds, leadership and execution of the project, and submitting progress reports. The funds are provided with no strings attached, only the expectation that project leaders will be motivated to share their success with the foundation.
Please contact us to apply or learn more about the initiative.