Scholarships at the Tariq Farid Franchise Institute

Franchise Leadership Scholarship sponsored by TFFI

Award $5,000 to 6 students.
The award is for the ‘24/’25 academic year.

To Qualify:

For undergraduates who have an interest in franchising education and leadership in the franchising world.

Candidates for the scholarship are evaluated using the information in their scholarship applications. Per the donor’s request, recipients must also demonstrate financial need and be a current recipient of need-based financial aid at Babson. Student Financial Services will confirm. Must apply each year.

Scholarship Requirements:

Commitment to the Tariq Farid Franchise Institute with participation in meetings, events and assisting in ways the Institute can better reach the students to make franchising accessible to all.

All applicants must be located on the Babson Wellesley campus during the academic year, in order to apply. Deadline is Monday, January 27, 2025.

Meet the Scholars

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Aleksander Culbert ’28

I have always been interested in starting my own business, and franchising is a topic I had only briefly explored before applying to Babson. However, once accepted, I had an opportunity to attend a seminar about Babson’s centers and institutes at the admitted students’ day back in April of 2024. I resonated with the idea of being able to explore specific parts of the business world through these organizations and was curious to learn more. I have since discovered the many opportunities presented by franchising, which led me to apply for the Leadership Scholarship. My goals are to continue to learn more about the industry and all it has to offer.

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Christine Agyare ’25

I became interested in franchising after researching the entry of Burger King and KFC into Ghana. I believe franchising can bridge local innovation with global opportunities, especially in food services and construction. My leadership experience and business background have prepared me to scale ventures in Ghana. This scholarship will help me deepen my understanding and support aspiring entrepreneurs.

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Joselyn Armas ’28

I grew up immersed in the world of entrepreneurship, watching my father build and scale his remodeling business from the ground up. Working alongside him, I gained firsthand experience in business operations, from project management to leveraging AI tools that streamlined processes and improved efficiency. Now a first-generation college student and Presidential Scholar at Babson, I am passionate about international business, consulting, franchising, and tech entrepreneurship. I envision franchising as a powerful vehicle for global business expansion, not only empowering entrepreneurs but also creating a lasting impact on communities worldwide. Recognizing that many business owners may not know the steps to scale internationally, I am dedicated to providing them with the necessary resources and strategic guidance to bridge the gap between ambition and execution, ensuring sustainable and innovative growth on a global scale.

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Juan Grullón ’27

My passion for business and operations stems from my upbringing in the Dominican Republic and my experiences navigating new cultures in the U.S. Before attending Babson, I knew little about franchising. It wasn’t until I immersed myself in my business studies that I discovered how powerful franchising can be as a vehicle for economic growth, entrepreneurship, and community development. Learning about franchise models has broadened my perspective, showing me how they can create accessible pathways to business ownership—especially for those who might not have traditional opportunities.

This realization has inspired me to not only pursue a career in franchise operations and financial strategy but also to educate underrepresented communities about franchising. Many individuals, like myself before college, may not even know this path exists. My goal is to bridge that gap by ensuring more people—particularly in Latin America have the knowledge and resources to explore franchise ownership as a means of economic empowerment.

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Luciana Gomez ’27

I am pursuing a career in entrepreneurship and finance. My passion for franchising stems from my family's small business—a Spanish catering company inspired by my father's birthplace. Our dream is to open a restaurant in the next few years and, eventually, explore opportunities to expand our business through franchising.

My goal is to gain as much experience as possible during my college career to apply the knowledge and skills I acquire to our family business. This summer, I am excited to be joining Inspire Brands as a Franchise Finance Intern under Dunkin' Brands. I look forward to learning about the restaurant and franchise industry, gaining insights into financial operations, and connecting with professionals in the field.

Sebastian Rosing Headshot

Sebastian Rosing ’25

Hometown: Miami, Florida

Sebastian Rosing, the founder of Loans Academy, is dedicated to transforming financial decision-making using AI. As an Entrepreneurship student, he has gained expertise in AI, startup management, lead generation marketing, crypto, and fintech, providing him with a unique perspective on innovation in today’s world. He is passionate about franchising, implementing the franchise model into his family business, and aspires to support innovative startups as a future venture capitalist.

Fyzical Therapy and Balance Franchise Scholars

  • Value:​ $5,000 per year
  • Criteria: Must be located on the Wellesley campus during the academic year 24-25.
  • Program: Recipients are required to take part in programs and events offered by the Tariq Farid Franchise Institute and will be required to participate in efforts to advance Babson College and the Institute as thought leaders in the franchising space.
  • Apply: Separate application required.
  • Application Deadline: TBD
  • Scholarship Requirements: Commitment to the FYZICAL Scholarship program and participation in bi monthly meetings, events and a group project during the semester is required as part of the scholarship award. 

We will be offering 4 undergraduate and 4 graduate scholarships for the academic year 24-25.

The Fyzical Therapy and Balance Franchise Scholars are merit scholarships offered to current undergraduate and graduate students who have an interest in franchising as a possible career path, and others who have an interest in the field of franchising.

FYZICAL Therapy and Balance Scholarship Program

The FYZICAL Therapy and Balance Franchise Scholarship program offers merit scholarships to a diverse pool of current undergraduate and graduate students.  These scholars have an interest in and passion for franchising as a possible career path.  In 2022, we received 35 applications for this scholarship, including 25 undergraduate and 10 graduate students. Four undergraduate and four graduate students were selected out of the 35 applicants for the 2023-2024 academic year.

About the Company

FYZICAL Therapy & Balance Centers offers an exciting franchise opportunity for entrepreneurs, physical therapists, and current physical therapy practice owners. Their clinics provide a wide range of services in high demand, from physical therapy to balance and vestibular retraining, audiology, and beyond. Every day, they empower private practice owners to take control of their business and their life through knowledge, relationships, and support only available through FYZICAL.

We would like to thank the FYZICAL leadership team

and members of the board who made this scholarship possible and especially,

Brian Belmont – CEO of FYZICAL Therapy and Balance Centers
Bill Capraro – President of Cap Capital, FYZICAL franchisee
Eric Thompson – Chief Financial Officer, FYZICAL Therapy and Balance Centers
Scott Wendrych – Growth Development Officer, FYZICAL Therapy and Balance Centers
Stephen Spinelli, Jr. – President of Babson College

Meet the Scholars

Mateo Acosta-Rubio Headshot

Mateo Acosta-Rubio ’27

Hometown: Miami, Florida

Mateo Acosta-Rubio grew up surrounded by the hustle and bustle of the franchise environment. He was born just 8 years after the founding of CHURROMANIA®, his family’s legacy brand, now the largest churro franchise in the world. Aside from his lifelong involvements in the company, Mateo founded Stuvi alongside his brother Tadeo in 2023, aiming to democratize music creation. At Babson Mateo remains avidly involved in his family's franchise, his start-up, and his scholarly activities within the college.

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Tadeo Acosta-Rubio ’24

Hometown: Caracas, Venezuela

Tadeo Acosta-Rubio has been involved with franchising since day 1, as he grew up learning from and working with his family business, CHURROMANIA®, which is now the largest churro franchise in the world. He also co-founded Stuvi with his brother Mateo in 2023, which aims to democratize music creation. Before Babson, he earned a BA in Entrepreneurship from the University of Miami.

Manraj Bains '24

Manraj Bains ’24

Hometown: London, United Kingdom

Manraj Bains is an undergraduate student with a passion for quantitative finance and machine learning. He is the founder and CEO of Social Trade Inc., a social media platform uniting the finance community onto one platform.

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Victor Berny ’24

Hometown: Merida, Yucatan, Mexico

Victor is passionate about bringing incredible brands to new markets.

Rodrigo Cavenecia MBA'23

Rodrigo Cavenecia MBA’23

Hometown: Lima, Peru

Rodrigo Cavenecia is a passionate entrepreneur: activator, achiever, and strategic thinker. He seeks to make a meaningful impact in the community while he jump-starts his career in Amazon and explores opportunities in franchising. He is married and just debuted as a father. He also loves playing the piano.

Kousalya Lanka MBA'23

Kousalya Lanka MBA’23

Hometown: Vijayawada, India

Kousalya Lanka has a franchise family business and is experienced in operations. She is passionate about creating employment opportunities for underprivileged women through expansion of her family business.

Shivam Lohiya MBA'23

Shivam Lohiya MBA’23

Home country: India

Shivam Lohiya has over 10 years of experience in the IT and Hospitality industry, driving initiatives across Business Strategy, Marketing Strategy, and Product Management.

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Nyaradzo Mapfumo ’24

Hometown: Harare, Zimbabwe

Nyaradzo is a full-time MBA student specializing in Business Analytics and Machine Learning. She is eager to contribute her skills and knowledge to the team.

Namratha Narayanan MBA'23

Namratha Narayanan MBA’23

Hometown: Bangalore, India

Namratha Narayanan has over two years of experience in marketing—online and offline, developing brand partnerships and managing on-ground event experiences, primarily across the luxury and food and beverage sectors. She is hoping to start a venture in franchising, relating to the food and beverage and hospitality industry.

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Mariaclara Ordonez ’24

Hometown: Miami, Florida

Mariaclara is a Colombian-American student at Babson College and would like to develop a career within the marketing or public relations sphere. Her academic journey and cultural background have ignited a passion for exploring the dynamic world of franchises, particularly due to the opportunities she perceives in South America. She is deeply motivated by the potential for growth and innovation in these sectors and is eager to contribute her skills and insights to make a meaningful impact.

Rohit Pratapagiri '24

Rohit Pratapagiri ’24

Hometown: Shirley, Massachusetts

Rohit Pratapagiri is an undergraduate student at Babson College concentrating in Finance and Strategic Management. Focusing his future on a career in Corporate Finance, he has an interest in shifting to various career directions, including consulting or internal strategic positions with interests in franchising.

Sebastian Rosing Headshot

Sebastian Rosing ’25

Hometown: Miami, Florida

Sebastian Rosing, the founder of Loans Academy, is dedicated to transforming financial decision-making using AI. As an Entrepreneurship student, he has gained expertise in AI, startup management, lead generation marketing, crypto, and fintech, providing him with a unique perspective on innovation in today’s world. He is passionate about franchising, implementing the franchise model into his family business, and aspires to support innovative startups as a future venture capitalist.

Bam Sukamongkol '24

Bam Sukamongkol ’24

Hometown: Bangkok, Thailand

Bam Sukamongkol is very grateful for this opportunity and hopes to learn a lot from the institute.

Reina Yohoros ’24

Reina Yohoros ’24

Hometown: Panama City, Panama

Reina Yohoros currently studies entrepreneurship with a concentration in finance and accounting. She is really excited and grateful to be part of this amazing program and is looking forward to learning a lot about franchising.