One of the things I like about Twitter is that I can choose to follow and read the updates of people with similar interests that I might otherwise never come across.  When they make updates, sharing ideas, news and links, sometimes I find incredibly valuable information for myself.  This happened today when one of my Twitter friends posted a link to a young entrepreneur’s scholarship hosted by the blog I Will Teach You to be Rich.  The scholarship is decribed:

The I Will Teach You To Be Rich Scholarship for Social Innovation is an annual $2,500 award for anyone in their twenties who has demonstrated entrepreneurial excellence and is planning a socially innovative project. The award can be used for a special project, service initiative, founding a company, creating a community organization, or any other entrepreneurial venture that scales to help others.

I’ve decided to apply even though I’m sure there will be some stiff competition given the buzz I’ve heard about the scholarship.  The application is due in a few days and it’s been interesting to consider my answers to the questions “what are your milestones for success” and “how will you get others interested in your business”. This is also an excellent opportunity for me to spend some more time developing an idea I had during the holidays for a new company based upon a number of my interests and that I think might appeal to the nature of the scholarship.  Wish me luck, the semi-finalists are announced Feb 2nd so I’ll keep you updated.