2020 Economic Impact Report: Future Founders Fellows Achieve Record-Breaking Milestones

May 12, 2020

Future Founders, a non-profit organization that believes every youth can become an entrepreneur, today shared its 2020 Fellowship Impact Report. This report details the tremendous economic impact achieved by its Fellowship cohorts of millennial entrepreneurs from 2016-19:

• Created 543 jobs
• Generated $32.8 million in gross revenue
• Raised $34.9 million in outside capital
• 6 company acquisitions

2019 was an incredible year for our Fellows:

• Created 226 jobs and now employ 543 people total
• Generated $15.1 million in gross revenue, with 7 founders generating $500,000 or more
• Raised $22.5 million in outside capital, with 7 founders raising $1 million or more

The Fellowship, now in its sixth year, is a prestigious year-long program designed to accelerate the nation’s top young entrepreneurs and their businesses. The goal of the program is to develop both the founders and their startups, giving them the greatest foundation for future success. Fellows benefit from mentoring, skill development, entrepreneurship retreats, a peer community, and volunteer opportunities through Future Founders programs. See all current and alumni Fellowship companies here.

The Fellowship is generously supported by Motorola Solutions Foundation (organizational founding sponsor), Capital One, The Coleman Foundation, Keywell Foundation, The John E. & Jeanne T. Hughes Foundation, and Jack and Goldie Wolfe Miller Fund.

Of the 60 entrepreneurs who graduated from our last four Fellowship cohorts:

• 80% of the Fellows are still running businesses today
• 43 Fellows are working on their businesses full-time; 5 Fellows are working part-time

Additionally, 16 Fellows made their first business revenue while participating in the program.

“For the fifth straight year, our Fellows and their businesses have grown at a truly remarkable rate,” said Scott Issen, President & CEO, Future Founders. “Now more than ever, we need entrepreneurs like our founders to create sustainable businesses and jobs to get our economy back on track.”

For more information or to nominate yourself or a collegiate entrepreneur for the Fellowship, visit here or contact Katie Sowa, COO, at katie@futurefounders.com.

To sponsor the Fellowship, contact Emily Summers at emily@futurefounders.com.

Note: This data was compiled from a February 2020 study of Future Founders Fellowship companies.