Merit-based scholarships are awarded to eligible candidates who demonstrate the strongest potential. Competition for scholarships increases as the year progresses. Candidates are therefore encouraged to apply early. The Social Impact scholarship is for applicants who have held an internship or who have done volunteer work at a non-governmental organization (NGO,) charity, or multilateral or who have their own social startup organization. The Global Professional scholarship is awarded to aspiring business leaders who have worked full-time for a minimum of one year in a large global corporation. The Entrepreneurial Impact scholarship is for professionals who have had an internship or volunteer experience and demonstrated involvement, leadership, or had a role in the outcome of an entrepreneurial project.