Thomas Mollick Launches Scholarship for Aspiring Undergraduate Entrepreneurs

The $1,000 award aims to support and inspire the next generation of student founders.

Mar. 16, 2026 at 6:59pm

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Thomas Mollick, a successful entrepreneur and co-founder of Rx Development, has launched a new scholarship program to support undergraduate students pursuing entrepreneurial careers. The Thomas Mollick Scholarship for Entrepreneurs will provide an annual $1,000 award to help student founders focus on developing their innovative business ventures.

Why it matters

By investing in promising undergraduate entrepreneurs, the scholarship aims to remove financial barriers and empower the next generation of business leaders to transform ambitious ideas into sustainable companies. The program reflects Mollick's commitment to fostering innovation, integrity, and community-minded leadership in the entrepreneurial space.

The details

The scholarship is open to current undergraduate students at accredited U.S. colleges and universities who demonstrate a clear passion for entrepreneurship. Applicants must submit a 500-1,000 word essay describing their entrepreneurial journey, the problem they aim to solve, and their vision for making an impact as a future founder. The winner will be selected based on the originality, clarity of vision, and demonstrated entrepreneurial drive.

  • The application window closes on September 15, 2026.
  • The scholarship winner will be announced on October 15, 2026.

The players

Thomas Mollick

A visionary entrepreneur and co-founder of Rx Development who is launching the scholarship to support and inspire the next generation of undergraduate entrepreneurs.

Assumption University

Mollick's alma mater, where he studied business as an undergraduate before becoming a recognized leader in healthcare innovation.

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What they’re saying

“The Thomas Mollick Scholarship for Entrepreneurs is about more than financial support—it's about recognizing and nurturing students who have the courage and vision to build meaningful businesses.”

— Thomas Mollick, Founder (Globe Newswire)

“Supporting undergraduate entrepreneurs is a personal mission. This scholarship reflects my belief that with the right support, today's student innovators can become tomorrow's transformative business leaders.”

— Thomas Mollick, Founder (Globe Newswire)

What’s next

The application window for the Thomas Mollick Scholarship for Entrepreneurs closes on September 15, 2026, and the winner will be announced on October 15, 2026.

The takeaway

By providing recognition and financial resources to support promising undergraduate entrepreneurs, the Thomas Mollick Scholarship aims to empower the next generation of business leaders and foster a culture of innovation that can have a lasting impact on communities.