The UBC Mastercard Scholarship is a prestigious program designed to support academically talented and community-driven students from Sub-Saharan Africa. Offered by the University of British Columbia (UBC) in partnership with the Mastercard Foundation, the scholarship is not just a financial aid package but a transformative opportunity aimed at fostering the next generation of African leaders.
This guide will walk you through every aspect of the scholarship, including its benefits, eligibility criteria, application process, and how it can help you secure a full ride at UBC.
What is the Mastercard Foundation Scholars Program at UBC?
The Mastercard Scholarship Program at UBC is part of a broader initiative by the Mastercard Foundation, launched in 2012, to provide educational opportunities to talented but economically disadvantaged young people from Sub-Saharan Africa. UBC joined this program to help nurture the next generation of African leaders by offering undergraduate and graduate scholarships to students who demonstrate outstanding academic ability, leadership potential, and a commitment to giving back to their communities.
The program is more than just a Mastercard Scholarship; it’s a holistic education experience designed to develop scholars both academically and personally. UBC’s commitment extends beyond just tuition coverage—it involves comprehensive support systems, leadership training, mentorship opportunities, and community engagement activities that ensure scholars are well-prepared to return to Africa and contribute meaningfully to the socio-economic transformation of their home countries.
What are the Benefits of the Mastercard Scholarship?
The benefits of the UBC Mastercard Scholarship are extensive, offering a wide array of resources and support to ensure scholars can thrive in their academic and personal lives. Here’s a breakdown of what the scholarship covers:
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Full Financial Coverage:
- Tuition and Fees: The scholarship covers full tuition fees for the duration of the scholar’s program.
- Books and Supplies: All necessary academic materials are provided.
- Travel Expenses: Round-trip airfare from the scholar’s home country to UBC, as well as visa and immigration support.
- Accommodation and Meals: On-campus housing and meal plans are fully covered, ensuring that scholars have a stable living environment.
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Living Stipend:
Scholars receive a monthly stipend to cover personal expenses, which helps ease the financial burden of living abroad.
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Health Insurance:
Comprehensive health insurance is provided to all scholars, ensuring access to medical care during their stay in Canada.
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Academic and Social Support:
- Academic Advising and Mentorship: Scholars have access to dedicated academic advisors and mentors who guide them throughout their academic journey.
- Leadership Development: The program includes various workshops, seminars, and practical experiences designed to cultivate leadership skills.
- Community Engagement: Scholars participate in community service projects both in Canada and Africa, allowing them to apply their knowledge and contribute to societal improvement.
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Career Development:
- Internships and Job Placement: The scholarship provides opportunities for internships and job placements, particularly in sectors that align with the scholars’ career goals and community needs.
- Global Alumni Network: Upon graduation, scholars become part of the Mastercard Foundation’s global alumni network, which offers continued support and opportunities for collaboration with like-minded individuals committed to positive change in Africa.
Who is Eligible for the UBC Mastercard Scholarship?
Eligibility for the UBC Mastercard Scholarship is highly competitive, with specific criteria that applicants must meet. The scholarship targets students who not only excel academically but also demonstrate leadership potential and a strong commitment to improving their communities. Here are the main eligibility requirements:
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Citizenship:
Applicants must be citizens of a Sub-Saharan African country. The program is specifically designed to address the educational disparities faced by this region.
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Academic Excellence:
- Undergraduate Applicants: Must be among the top performers in their secondary education, with strong academic records.
- Graduate Applicants: Should have an impressive academic record in their undergraduate studies and meet the specific entry requirements of their chosen graduate program at UBC.
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Leadership Potential:
Candidates must demonstrate leadership abilities through involvement in community service, social enterprises, or leadership roles in educational or local organizations. The program looks for individuals who are passionate about leading initiatives that address critical social and economic challenges in Africa.
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Financial Need:
Applicants must demonstrate a lack of financial means to pursue higher education without the support of a scholarship.
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Commitment to Returning Home:
A crucial aspect of the scholarship is the commitment to returning to Africa after completing studies at UBC. Scholars are expected to apply their education to benefit their communities and contribute to the development of their home countries.
How Can I Get a Full Scholarship at UBC?
Securing a full scholarship at UBC through the Mastercard Foundation Scholars Program is a rigorous process, but with careful preparation, you can increase your chances of success. The first step is to thoroughly research the program. Understanding its goals, values, and the type of scholars it seeks to support will help you tailor your application to align with what the selection committee is looking for. Delve into the program’s mission and consider how your personal ambitions and experiences fit within this framework.
Next, focus on preparing a strong application. Your academic records should be exemplary, reflecting your dedication and ability to succeed in a demanding academic environment. Gather all required documents, including letters of recommendation and personal statements, ensuring that each piece of your application contributes to a cohesive narrative about your qualifications and aspirations. In addition to academic excellence, the program values leadership experience and community engagement.
Highlight any leadership roles you’ve held and the initiatives you’ve participated in or led. Make it clear how these experiences have shaped your commitment to making a positive impact in your community. Your personal statement is your chance to showcase your passion, goals, and the unique qualities that make you an ideal candidate for the scholarship. Craft this narrative carefully, emphasizing how the scholarship will enable you to achieve your long-term objectives and contribute to the program’s mission.
Timing is also crucial. The application process for the UBC Mastercard Scholarship typically begins in late August and closes by the end of October. To avoid any last-minute issues, it’s important to start your application as early as possible. This will give you ample time to refine your materials and address any unforeseen challenges. If you make it to the shortlist, you will be invited to participate in interviews.
This stage is an opportunity to further demonstrate your leadership potential and commitment to the program’s goals. Prepare by reflecting on your experiences and how they align with the program’s mission, ensuring that you can articulate this clearly during the interview.
Finally, if you are selected, UBC will extend an offer and guide you through the visa application process and preparations for moving to Canada. The university provides comprehensive support to ensure that scholars are well-prepared for their transition, helping you settle into your new environment and focus on your studies.
How to Get Funding from Mastercard
Mastercard provides several avenues for funding, especially targeted towards fostering growth and innovation across Africa. The Mastercard Foundation Africa Growth Fund (MFAGF) is one such initiative designed to support early-stage, growth-oriented, and female-focused small and medium enterprises (SMEs) in Africa. This fund is not only a financial resource but also a platform for developing the entrepreneurial ecosystem across the continent.
To secure funding from the Mastercard Foundation, particularly through the Africa Growth Fund, here’s what you need to know:
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Understand the Mission and Criteria:
The MFAGF aims to promote gender equity by focusing on businesses that are either led by women or have a significant impact on women in Africa. It also seeks to catalyze economic growth by supporting SMEs that can scale their operations and create substantial employment opportunities.
Your business should align with these goals, demonstrating potential for scalability and a commitment to creating jobs, particularly for women and young people.
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Eligibility Requirements:
The fund targets early-stage growth businesses that are seeking capital to expand. These businesses must have a solid track record, innovative business models, and a clear path to profitability.
Your enterprise should be based in Africa and demonstrate a capacity for significant social impact. Preference is given to businesses in sectors such as agriculture, health, education, and financial services, which are key to driving sustainable development in the region.
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Application Process:
- Applications are typically submitted through the MFAGF’s official website or through partnered local venture capital firms that work with the fund.
- The application process involves submitting detailed business plans, financial projections, and a clear strategy for scaling and impacting your community.
- Successful applications are those that not only meet the eligibility criteria but also present a compelling vision for how the funding will be utilized to drive growth and impact.
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Post-Funding Support:
Beyond financial investment, the MFAGF offers extensive support, including mentorship, networking opportunities, and access to global markets. This support is designed to help funded businesses overcome common challenges in scaling and sustaining their operations.
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Key Considerations:
Ensure that your business is well-prepared to meet the fund’s due diligence requirements, which may include audits of your financials and operations.
Building a strong case for how your business will contribute to economic growth and social transformation in Africa is critical. This includes showcasing your team’s expertise, the uniqueness of your business model, and your ability to achieve sustainable impact.
To learn more and start your application, visit the Mastercard Foundation Africa Growth Fund website. This resource provides detailed guidelines and eligibility criteria, helping you prepare a strong application for funding that can take your business to the next level.
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It’s a Wrap!
The UBC Mastercard Scholarship is more than a financial aid package; it’s a life-changing opportunity that equips scholars with the tools, knowledge, and network they need to become catalysts for change in Africa.
If you meet the eligibility requirements and share the program’s commitment to leadership and community service, this scholarship could be your pathway to an exceptional education and a future as a transformative leader. Apply today and embark on a journey that could shape not only your future but the future of your community as well.
For further information or to begin your application, visit the Mastercard Foundation Scholars Program at UBC and explore the possibilities that await you.
