Frontier Market Scouts: Fellowship in Impact Investing and Social Enterprise Management

Center for Social Impact Learning
Deadline for Applications
Where to Apply

The Frontier Market Scouts (FMS) is a social venture management and impact investment certificate training and fellowship program founded in 2011 that has trained more than 300 professionals since its inception. FMS received a 2013 Cordes Innovation Award from AshokaU and has now become the flagship program of the newly launched Center for Social Impact Learning at the Middlebury Institute of International Studies at Monterey.
The Professional Certificate in Impact Investing and Social Enterprise Management

The FMS training provides participants with the knowledge and tools required to work effectively in the field of impact investment and social enterprise management. FMS instructors are active practitioners in the impact space and work with leading organizations including Omidyar Network, Accion Venture Lab, Village Capital, Invested Development, and Colorado Capital. Through the combination of lectures and actionable co-creative projects, participants gain a comprehensive understanding of the ecosystem and frame-work for market-based solutions. Training curriculum topics include:

•       Scaling High-Impact Social Enterprises
•       Designing Innovative Business Models
•       Diligence Process and Decision in Impact Investment
•       Profiling Ventures for Impact Investing
•       Fund Management in Impact Investing

Fellowship and Selection Criteria

The goal of the FMS fellowship is to help existing social enterprises or impact-driven investment funds. A fellowship typically looks like a full or part-time position aimed scaling or improving existing processes or addresses pressing business development or sales needs. Since 2011, FMS fellows have worked to grow and improve processes for over 100 social enterprises around the world during field assignments based in such countries as Brazil, India, The Netherlands, Ecuador, Colombia, Vietnam, Tanzania, Kenya, South Africa, and Lebanon.

After completing the intensive, two-week training, FMS participants have the opportunity to become candidates for fellowship positions with social ventures, accelerator programs, or impact funds in positions such as operations management and financial modeling for periods of up to one year.

Successful candidates will have:
•       The ability to clearly communicate practical skills alignment and genuine passion for market-based solutions to poverty alleviation
•       Excellent communications and interpersonal skills
•       Flexibility and openness to learning quickly without direct supervision
•       Past experience living and working in an emerging market or capital-weak region
•       Expertise in at least one of the following areas is desirable: financial modeling, branding and communications, logistics and supply chain management.


*Fellows receive a minimum $250 USD monthly stipend during their field assignment. Additional funding to offset travel, training, and living costs may be available. Please note: stipends can vary depending on placement location.

Interested in enrolling in the FMS certificate training?
Apply Online:

International Applicant Note: The FMS program provides visa support for the duration of the two-week training only.  Non-US citizens are not eligible to pursue US-based FMS fellowship positions. Work authorization and visa sponsorship is not provided by most FMS hiring partners.