Financial Health Fellowship

Incubating the next generation of changemakers in finance.

Are you building a better way to do finance? Apply now to be a 2017 Financial Health Fellow.

Lab Fellowship is a six-month programme developing the leadership capacity and business skills of innovators focussed on financial health. It runs from May to November 2017 and includes monthly business strategy sessions, peer coaching sessions, mentoring, specialist workshops and two residential leadership retreats.

This unique programme, delivered in partnership with anti-poverty charity Toynbee Hall, will boost your strategic know-how, transform your leadership skills and prepare you to scale your business.

You can find out more about the programme structure here.

Unlike intensive classroom-based incubators, the Fellowship programme is focussed on action learning, community development and collaborative leadership. The sessions will build your knowledge of the causes of financial ill-health and your confidence in dealing with the wider financial system.

Applications close 10 April 2017find out more and apply.


Why financial health?

1.7 million adults remain unbanked in Britain today. Only 41% of British households are saving, while 12 million people lack access to affordable credit. Financial exclusion damages mental and physical health, undermines social relationships and can affect households’ ability to fulfil basic needs such as food and heating.

Current approaches to tackling these issues often result in products designed from the top-down, with a focus on providing access to products that don’t work for the reality of many people’s lives. We want to support innovations that work from the bottom-up, with a focus on what people need and want, and an understanding of the wider factors that drive financial ill-health.

Who can take part?

This year we’re looking for ideas that support financial wellbeing, offering access to fairly priced financial products that are easy to understand and control. These ideas might be at an early stage, but they should have the potential to positively disrupt the financial system and challenge the rules of the game in financial health.

The programme is designed for start-up businesses, but we also welcome applications from later-stage innovators facing significant change and innovators within existing financial organisations who want to repurpose a product or service to support financial health.

Read our full selection criteria.

What will I gain?

Become a Financial Health Fellow and you’ll:

  • Build your strategy for scaling your business
  • Deepen your knowledge of the root causes of financial ill-health
  • Transform your self-awareness and leadership abilities
  • Become part of a community of peers who are passionate about improving financial health
  • Connect with influentials across the financial system
  • Access support from an experienced business mentor
  • Gain feedback from community experts – people with lived experience of financial ill-health.

Find out what our 2016 Fellows thought of the programme. 

How much does it cost?

We ask you to contribute to the cost of the programme depending on your ability to pay. Thanks to the generosity of our supporters, we’re able to offer some places completely free of charge.

Contribution levels are based on the size and type of your organisation – download further details here.

How can I apply to be a Fellow?

To apply, you need to complete a short form and send it to us online or by post. We’ll review all applications against the selection criteria and if we think you are a good fit for the programme, we’ll invite you for interview (in person or by Skype) on 20 or 21 April.

In more detail

FAQs

Programme structure and key dates

Selection criteria

Pricing

Our supporters

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“Being part of a community has really been invaluable for me over the past 6 months. It has been a safe environment to share challenges, create common solutions where other fellows may have faced similar hurdles. It has allowed a new side of me to grow around entrepreneurship.”
- 2016 Fellow

Find out more:

FAQs

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How to Apply

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In Their Own Words

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