The People's Money (2023-2024)
Decide how to spend part of the city budget!
Changes at "Youth Entrepreneurship Development Program"
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Give your idea a short title:
- +{"en"=>"Youth Entrepreneurship Development Program"}
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- In which borough should your idea take place?
- Manhattan
- Do you have a specific neighborhood(s) in mind?
- Washington Heights and the Bronx
- Which audience(s) does your idea help? Select as many as apply.
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YouthParentsJustice impacted individualsLimited English proficient individualsLow income individualsBlack, Indigenous, and POCUnemployed individualsImmigrants and/or migrantsPeople with disabilities
- Describe the challenge you want to address:
- Here are the key challenges that the project aims to tackle:\n\nLimited Exposure to Entrepreneurship, lack of hands-on experience, insufficient mentorship, limited financial resources, inadequate networking opportunities, underdeveloped presentation and communication skills, limited understanding of market dynamics, lack of social responsibility in entrepreneurship, and absence of continuous support and evaluation.
- Describe your idea and approach to address the challenge:
- Limited Exposure to Entrepreneurship:\nHow the Project Addresses It: The structured entrepreneurship curriculum provides students with a comprehensive introduction to key entrepreneurial concepts, filling the gap in traditional high school education. This exposure helps demystify entrepreneurship and encourages students to consider it as a viable career path.\n\nLack of Hands-On Experience:\nHow the Project Addresses It: The research study opportunities and seed funding for student ventures offer practical, hands-on experience in creating and managing a business. This addresses the challenge of theoretical knowledge without practical application, allowing students to learn by doing.\n\nInsufficient Mentorship:\nHow the Project Addresses It: The mentorship program connects students with experienced entrepreneurs and professionals who can guide and support them throughout their entrepreneurial journey. This direct mentorship addresses the lack of personalized guidance often faced by aspiring young entrepreneurs.\n\nLimited Financial Resources:\nHow the Project Addresses It: The provision of seed funding for student ventures addresses the financial barrier to entrepreneurship. By providing initial capital, the project enables students to turn their business ideas into reality, promoting innovation and risk-taking.\n\nInadequate Networking Opportunities:\nHow the Project Addresses It: Workshops, events, pitch competitions, and community engagement activities create networking opportunities for students. These interactions expose them to a broader entrepreneurial ecosystem, allowing them to connect with industry professionals, successful entrepreneurs, and potential investors.\n\nUnderdeveloped Presentation and Communication Skills:\nHow the Project Addresses It: The pitch competitions and presentation components of the program help students hone their communication and presentation skills. This is essential for effectively conveying their business ideas, attracting support, and building confidence in public speaking.\n\nLimited Understanding of Market Dynamics:\nHow the Project Addresses It: The research study opportunities involve students in practical market research, enabling them to understand market dynamics, consumer behavior, and industry trends. This hands-on experience equips them with valuable insights that are crucial for entrepreneurial success.\n\nLack of Social Responsibility in Entrepreneurship:\nHow the Project Addresses It: The community engagement component encourages students to connect with and contribute to their local communities. This instills a sense of social responsibility, emphasizing the positive impact that entrepreneurship can have on society.\n\nAbsence of Continuous Support and Evaluation:\nHow the Project Addresses It: The mentorship program, ongoing workshops, and a robust program evaluation system ensure continuous support for students. This addresses the challenge of a lack of sustained guidance and feedback throughout the entrepreneurial learning process.\n\nBy addressing these challenges, the Youth Entrepreneurship Development Program aims to create a holistic and impactful learning experience for high school students, fostering a new generation of informed and empowered entrepreneurs.
- Write the zipcode that best represents your New York City community:
- 10032, 10033, 10034, 10040
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Version created at
19/11/2023 21:03