Country Focussed
UK and USA Universities
Scholarship Type
Merit Based
Organising Entity
1st Formations Ltd
Scholarship Coverage
Partly Funded
1st Formations Business Scholarship – Supporting Future Business Leaders
Are you a passionate student dreaming of starting your own business? The 1st Formations Business Scholarship is your chance to gain both recognition and financial support for your academic journey and entrepreneurial ambitions. Offered by one of the UK’s leading company formation agents, this scholarship is designed to encourage young minds with a flair for innovation and enterprise.
This scholarship reflects the ethos of 1st Formations, which has been at the forefront of helping entrepreneurs establish and grow their businesses in the UK. Through this award, they aim to give back to the academic community and support the next generation of business leaders.
Scholarship Link – Official Website – 1st Formations Business Scholarship
Why Study in the UK or USA?
Studying in the UK or USA offers a world-class education, globally recognized degrees, and access to some of the oldest and most prestigious universities. With a strong emphasis on research and innovation, UK and USA institutions foster critical thinking and academic excellence. The multicultural environment, wide range of courses, and post-study work opportunities like the Graduate Route – make the UK and USA an attractive destination for Indian students seeking quality education and career growth on a global scale.
Everything You need to Know about the 1st Formations Business Scholarship
Eligibility Criteria
To be considered for the 1st Formations Business Scholarship, applicants must meet the following criteria:
1. Demonstrated Passion for Entrepreneurship
Applicants must show a genuine interest in starting their own business. This is a key aspect of the scholarship and will be assessed based on the 500-word personal statement.
2. Academic Excellence
You must submit a Letter of Recommendation (LOR) written by a tutor or course coordinator from your current academic institution. The university does not accept recommendations from previous courses or overseas institutions.
3. First-Time Applicants Only
Only students who have never previously received this scholarship are eligible. This ensures a fair chance for new applicants every year.
4. Demonstrated Financial Need
Applicants should also explain their personal circumstances to highlight why they would benefit from financial support. This adds a need-based dimension to the merit-based selection, ensuring that funds go to those who will truly benefit.
Organising Entity
1st Formations Ltd
Established as a trusted provider of UK company registration and corporate support services, 1st Formations has a deep understanding of what it takes to start and run a successful business. With this scholarship, the organisation extends its commitment beyond corporate services to invest in talented students who share the same entrepreneurial vision.
Is it Country Focused?
Yes – United Kingdom and United States
The scholarship is open to students currently enrolled in a UK or US educational institution. It encourages cross-border participation while focusing on two of the world’s leading education hubs.
Students from other countries are not currently eligible unless they are studying in the UK or US.
Is it University Focused?
No – Institution Agnostic
Unlike many scholarships that are tied to specific universities, the 1st Formations Business Scholarship is open to students from any recognized college or university in the UK or US. This inclusivity allows a broad range of applicants to benefit.
Whether you’re in a business school, community college, or university undergraduate/postgraduate program, you can apply as long as the institution is accredited.
Type of Scholarship
Merit-Based
While the scholarship is primarily merit-based, evaluating your passion for business and academic performance it also takes into account financial need. The dual criteria make the program more accessible and inclusive, rewarding not just high achievers but those who need an extra push toward their goals.
Number of Students Selected
Five (5) students are selected each year
Every application cycle, 1st Formations selects 5 outstanding candidates based on the strength of their application. These five students are chosen for their:
- Entrepreneurial mindset
- Academic achievements
- Well-articulated goals
- Clear demonstration of how the scholarship will aid their journey
What are the Benefits Available
Each selected student will receive a scholarship award of £582 GBP, which can be used for the following:
- Course materials
- Textbooks
- Educational resources
- General living expenses (e.g., accommodation, food, travel)
While the amount may seem modest, it is a useful contribution to reduce the day-to-day costs associated with higher education, especially for students managing tight budgets.
The funding is non-repayable and does not restrict you from applying for other scholarships or grants.
Why Choose the 1st Formations Business Scholarship?
Flexible Use
Funds can be used for a variety of essential academic and living expenses
Open Access
Available to students across any UK or US institution
Prestige
Being selected is a mark of entrepreneurial promise and academic excellence
Low Entry Barrier
No complicated forms—just a well-written statement and recommendation
How to Apply for the 1st Formations Business Scholarship?
Here’s a step-by-step overview to guide your application:
- Write a 500-word statement that outlines your passion for business, your academic goals, and how you plan to become a successful entrepreneur.
- Obtain a letter of recommendation from a current tutor or course coordinator at your present institution. This should highlight your academic strengths, motivation, and integrity.
- Demonstrate financial need by including brief details in your personal statement that explain your current situation and how the scholarship would help.
- Submit all required documents through the official scholarship portal or email address listed on the 1st Formations Scholarship Page.
- Await evaluation. If selected, you’ll receive official communication and instructions on how the funds will be disbursed.
Planning to Study in the UK or USA?
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Final Thoughts
The 1st Formations Business Scholarship is a valuable opportunity for aspiring entrepreneurs looking to fund their education while sharing their dreams of building something impactful. If you’re studying in the UK or the US, have a passion for business, and need a bit of support to push forward, this scholarship could be your stepping stone.
Start early, craft your best 500-word statement, and don’t forget to request that recommendation letter on time.
Let your entrepreneurial journey begin – with the right support behind you.
