Metro Area Students Split $3000 in Business Pitch Competition

PHILADELPHIA (PRWEB) June 25, 2020

Schools may be closed, but that didn't stop these highly motivated young entrepreneurs from refining their business plans and preparing their pitches for the Network for Teaching Entrepreneurship (NFTE) Philadelphia Metro Youth Entrepreneurship Challenge. Despite logistical obstacles stemming from the pandemic, this annual competition, the culmination of NFTE's yearlong entrepreneurship curriculum, took place on time--and online. Participating students presented their original business ideas by video to a panel of esteemed judges, who named three winners. The first and second place winners, who will receive $1500 and $1000, respectively, advance to NFTE's National Youth Entrepreneurship Challenge in September, where they will compete for a grand prize of $12,000. The third-place winner will receive $500.

• 1st Place: Andrew Lober, 13, from Brandywine Springs School, won with a business pitch for re-T, reusable bags that are long-lasting, compact, durable and eco-friendly.
• 2nd Place: Clare McManus, 17, from Lansdale Catholic School, won with her pitch for PR Hockey Scouting, a website that provides daily articles on NHL teams, prospects and league news, as well as highlights and analytical stat packages.
• 3rd Place: Elysia Young, 14, from Penn Hills Charter School of Entrepreneurship, won with a pitch for Toddler Town Daycare & Virtual Learning Center, a high-quality daycare affordable to people with less money.

"In the current uncertain climate, young people are realizing more than ever that entrepreneurship offers an opportunity for personal empowerment," said NFTE president and CEO, Dr. J.D. LaRock. "Employers look for candidates with an entrepreneurial mindset, which the NFTE curriculum fosters. Whether or not they ultimately run their own companies, our students are being set up to succeed, and we are eager to support their endeavors." Student business pitches were judged by a panel of experts that included:

• Megan Connolly, PayPal
• Vincent Halleran, EY
• Mitchell Kick, SAP
• Ned Myers, Moody's
• David Thompson, Santander Bank

The NFTE Philadelphia Metro Youth Entrepreneurship Challenge was presented by EY and Santander, with signature support from Evergreen Apartment Group, associate support from Microsoft, Alcove Media, AB Bernstein, and NewSpring Capital, and additional support from Klehr Harrison Harvey Branzburg, LLP.

About NFTE
Network for Teaching Entrepreneurship (NFTE) is a global nonprofit that activates the entrepreneurial mindset and builds startup skills in young people from under-resourced communities. Reaching more than 100,000 middle and high school students annually, NFTE works with schools and community partners in 25 U.S. states and 10 countries around the world. Leveraging classroom teachers and volunteers from top-tier companies, NFTE's research-based model teaches students how to identify a business opportunity and launch a business; helps them learn about the range of jobs and occupations available to them; and develops their "entrepreneurial mindset" -- a set of skills including creativity, adaptability, communication, and collaboration that leads to success in any career. Since 1987, NFTE has educated 1.2 million young people worldwide, helping thousands launch businesses and companies of all sizes. Learn more at nfte.com.

Read the full story at https://www.prweb.com/releases/metro_area_students_split_3000_in_business_pitch_competition/prweb17219895.htm

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