Potential Scholarship

UPDATE (1/16): I submitted my scholarship application to Ramit Sethi before the deadline last night. I am very pleased with the outcome of the application. Looking forward to February 2 when finalists are contacted.

Yesterday, I was informed of an awesome scholarship opportunity for social entrepreneurs. Cargo Metro fits the criteria of the scholarship to a tee and the award is $2500. Although I’m still working on raising funding for the store, this scholarship award would be used for renovations. I’m submitting my application tomorrow, the actual deadline date. Wish me luck!

Here are a couple excerpts I included in the application (p.s. what do you think?):

Similar to the popularity of online social networks, the store will represent the power of self-organization, allowing local artists access to a bricks and mortar marketplace by creating value through collaboration. Unlike the needle in a haystack model where artists gain exposure and sell their work through large vendors, publishers or labels (e.g., iTunes, Barnes & Nobles, etc.), Cargo Metro will harness public ownership and broaden community participation. The store will educate, promote and display the works of local artists in an exclusive fashion, transforming that needle to a cinder block. For example, Cargo Metro will provide young artists with a stepping-stone to the marketplace that will enable them to transition from secondary education to the real world economy.

Every penny will count to achieve the environment and perception needed for the business. If awarded this scholarship, I will invest it in Cargo Metro, but the return on this investment will be seen not just in terms of supporting the store’s startup costs, but also in supporting local artists. I see this as a unique way to help others drive their business while also improving the overall art economy in Columbus.