Sparkseed.org is taking applications from 1st and 2nd year undergraduates interested in launching social ventures. The deadline is March 1, but the application is not too long, so if you have been thinking about something, take a shot. In addition to funding, participants received mentoring, training, and other support during the 2 year program.
This ‘micro’ model of financing social ventures is attractive in my mind and allows many new firms and social entrepreneurs a chance to test their assumptions and products/services.
Sparkseed.org itself is a hotbed of social innovators and they claim to have helped launch 23 social ventures thus far. In a way, this is like an Ashoka focusing on collegiate social entrepreneurs. Cool stuff. Check it out and get involved.