The Shuttleworth Foundation was established in January 2001 by South African entrepreneur Mark Shuttleworth as an experiment with the purpose of providing funding for people engaged in social change. While there have been various iterations of the foundation, its structure and how it invests in social innovation, the current model employs a fellowship model where fellows are given funding commensurate with their experience to match a year's salary, allowing them to spend that year developing a particular idea. The Foundation announced that it is shutting itself down "by the beginning of 2024."