Dr. Wade Newman Establishes $1,000 Entrepreneur Award for Undergraduate Students
TL;DR
Dr. Wade Newman's $1,000 award gives undergraduate entrepreneurs a financial advantage to launch ventures that create meaningful change through business innovation.
The Dr. Wade Newman Award requires applicants to submit an essay, transcripts, and enrollment proof by July 15, 2026, with winners announced August 15, 2026.
This award supports students building businesses that serve communities and create positive impact, making tomorrow better through socially responsible entrepreneurship.
A military dentist who served in Africa and founded a dental practice now funds student entrepreneurs who want to build businesses that matter.
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The Dr. Wade Newman Award for Entrepreneurs represents a significant investment in the next generation of business leaders who prioritize social responsibility alongside financial success. Established by Dr. Wade Newman, founder of Eagle Valley Family Dentistry and Lieutenant Colonel in the Air National Guard, this $1,000 prize targets undergraduate students pursuing entrepreneurship careers while emphasizing the importance of community service and ethical business practices.
Dr. Newman's own career trajectory demonstrates the multifaceted approach to entrepreneurship that this award seeks to foster. After earning his Doctorate of Dental Surgery from West Virginia University School of Dentistry in 2000, Dr. Newman built a successful dental practice while simultaneously serving over 20 years in the Air National Guard. His journey from police officer to dental professional to business owner exemplifies the resilience and adaptability required for entrepreneurial success in today's competitive landscape.
The award criteria reflect Dr. Newman's commitment to humanitarian service, which he has demonstrated through extensive volunteer work with organizations like Mission of Mercy and Give Kids a Smile. Applicants must submit an original 500-750 word essay addressing how they plan to integrate social responsibility and community impact into their entrepreneurial ventures. The essay prompt specifically asks students to describe what need or challenge their venture will address and how they will measure success beyond profit metrics.
Eligibility requirements include current enrollment as an undergraduate student at an accredited U.S. college or university, pursuit of entrepreneurship studies or demonstrated entrepreneurial intention, maintenance of a minimum 3.0 GPA, and U.S. citizenship or permanent residency status. The application deadline is July 15, 2026, with the winner announced on August 15, 2026. Students must submit their essay, academic transcripts, and proof of enrollment to apply@drwadenewmanaward.com.
This initiative comes at a critical time when business education increasingly emphasizes the importance of corporate social responsibility and sustainable business models. By supporting students who demonstrate commitment to ethical entrepreneurship and community service, the award addresses growing consumer and investor demand for businesses that prioritize social impact alongside financial performance. For more information about the award program and application requirements, visit https://drwadenewmanaward.com/.
The Dr. Wade Newman Award for Entrepreneurs represents more than just financial support for students—it signals a shift in how society evaluates business success. As Dr. Newman stated, "Throughout my career in dentistry, military service, and business ownership, I've learned that the most rewarding success comes from serving others." This philosophy aligns with broader trends in business education and practice that recognize the importance of creating value for multiple stakeholders, including communities, employees, and the environment, rather than focusing solely on shareholder returns.
Curated from 24-7 Press Release
