1st Formations Business Scholarship- Eligibility, Deadline, Application Process, Selection Criteria

1st Formations Business Scholarship

Karia Kiritbhai's profile photo

Karia Kiritbhai

Study Abroad Course Expert | Updated 3+ months ago

1st Formations Business Scholarship is presented by 1st Formations, a leading UK company formation agent, to fund the next generation of entrepreneurs. This Scholarship provides additional funding to students who are studying UG and PG programs in recognised UK or US academic institutions.

It intends to provide additional funding to develop the skills required to become a future industry leader. The scholarship bursary amount of 750 USD is given to 5 students.

Benefits of 1st Formations Business Scholarship

Recipients of the 1st Formations Business Scholarship can use the award amount for costs of studying, like a textbooks and other living expenses. Some significant benefits of this Scholarship are:

Details  Benefits
Award Amount  500 GBP ($750)
Award Duration  One year 
Applicable Programs  All UG programs at Universities in the U.K. and the U.S 

1st Formations Business Scholarship assists the budding entrepreneurs in accessing the education, skills, and knowledge required to run their own business in the future.

The deadline for 2025-26 applicants is 31st January 2026.


Highlights

Scholarship TypeMerit-Based
Offered byInstitution
OrganizationN/A
Application Deadline Jan 31 ,2026
Number of Scholarships5
Amount₹68,903 ($750)
RenewabilityNo
International Student EligibleYes
Scholarship Website Linkhttps://www.1stformations.co.uk/business-scholarship/

Eligibility Criteria

1st Formations Business Scholarship is open to students who are currently studying in UG and PG degrees in universities in the U.S and the U.K.

To secure the benefits of the 1st Formations Business Scholarship, applicants need to fulfil the eligibility criteria listed below.

  • Applicants should show a desire to run his/her own business.
  • Should demonstrate academic excellence by providing a LOR from a tutor or course co-ordinator. It should be from the current course, i.e. from your current academic institution, not even a past course or an overseas academic institution.
  • Should not be a previous recipient of the 1st Formations Business Scholarship.
  • Should demonstrate personal circumstances that make them a suitable candidate for additional financial support.

The deadline for the scholarship is January 31,2026. Applicants who want to enjoy the grant provided for Ist Formations Business Scholarship are advised to apply at the earliest.


Application Process

The application process for the Ist Formations Business Scholarship is easy. Applicants have to send their entries through emails with the required documents listed below:

  • LOR from a tutor or course co-ordinator. Also, include a contact email address or telephone number for your sponsor.
  • A note of recent grades/exam results from the current course. The grades should be a current course of study at UK/US academic institutions.
  • A written submission of 500 words that explains what makes them a good candidate for the Scholarship. They can outline any circumstances which they feel may aid their application.
  • Include detail on how they would use the funds to assist their studies if successful.

500 words statement should be simple and sound arguments presented in a neat and clear way. The statement should also include a plan to build a product or business that will help to improve the conditions of other needy and poverty.

Completed applications should be mailed at scholarship@1stformations.co.uk

Note: Grades from the past institution will not be accepted. Grades and exam results from overseas courses will only be accepted if they relate to studies undertaken as part of an exchange program on your current course and are verified by the UK or US institution.


Selection Process

Applications for the 1st Formations Business Scholarship will be assessed on the documents and write-up submitted during the application process. The application will be evaluated on the basis of :

  • A 500-word Statement showcasing enthusiasm for studying and pursuing a career in business.
  • The quality of the academic letter of recommendation and grades provided.
  • Demonstration of their circumstances and need for further financial support

All the required documents and 500-word statement will be evaluated and then 5 students will be selected for the scholarship. Recipients of the scholarship will be contacted via email.


Grant Details

As part of the ongoing dedication to supporting new business, 1st Formations is helping all the students studying UG and PG programs at Universities in the UK and the US.

The amount given for scholarship is 500 GBP to 5 selected students. The scholarship amount can only be used for the cost of course materials, textbooks, and other living expenses. Applicants have to submit a 500-word statement demonstrating enthusiasm for studying and pursuing a career in business. After the evaluation of the documents and statements submitted by the applicants, winners will be selected.

The deadline for the 1st formation Business Scholarship for applications of 2024-2025. is January 31, 2026, the successful candidates will be contacted and announced by February 27, 2026.

Similar Scholarship


Stanford Reliance Dhirubhai Fellowship Program


  • International Student Eligible: Yes
  • Amount: ₹13,780,500 ($150,000)
  • Type: College-Specific
  • Level of Study: Bachelor
  • Number of Scholarships: 5

Goa Education Trust Scholarships


  • International Student Eligible: Yes
  • Amount: Variable Amount
  • Type: Merit-Based
  • Level of Study: Master
  • Number of Scholarships: N/A

Sussex MBA Scholarship


  • International Student Eligible: Yes
  • Amount: ₹459,350 ($5,000)
  • Type: College-Specific
  • Level of Study: Master
  • Number of Scholarships: N/A