Founded by business professional Nicholas Bonito, the initiative seeks to identify students who prioritize perseverance, adaptability, and disciplined execution. The scholarship committee will evaluate submissions based on creative thinking and the candidate's ability to articulate a practical vision for venture creation. The winner will receive a one-time award of $1,000 to support their academic and entrepreneurial pursuits.

Applicants must submit their full contact information, proof of current enrollment, and their original essay to the designated email address. The recipient of the award will be announced on April 15, 2027. This program reflects Bonito’s broader focus on fostering organizational growth and problem-solving skills among the next generation of business leaders.