Young Entrepreneur Challenge FAQs

Student FAQs

Do I need a business idea before I arrive?

Having a business idea is not a requirement to attend the Young Entrepreneur Challenge. We’ve designed a unique ideation process designed to help you and your team come up with 4-8 viable business ideas. If you happen to have a business idea, pitch it to your team to see if they’re interested in working on it for the week.

How are teams decided?

Students and staff work together to create teams. While students will have a high degree of input, all of the YEC teams must have equal representation of parts of the world, when international students are attending, and roughly an equal split of guys and girls.

How do I apply?

Easy! Go to http://whiteboardyouthventures/apply and select the YEC Student button. Or click on any of the Apply buttons throughout the site.

Are there resources and support available after the program?

After the Young Entrepreneur Challenge, our mentors are all available to support you by answering questions and serving as information sources. If you are interest, you can also apply to the Whiteboard Youth Ventures Incubator, the world’s only high school student startup incubator. The Incubator is a revenue-first, no-equity incubator.

Who are the mentors?

Young Entrepreneur Challenge mentors are always active, engaged entrepreneurs. With Boston as our home base, every YEC has a approximately half of our mentors from Boston, USA and half from our local host. Many mentors hold degrees from the best universities in the world, including MIT, Harvard, the University of Pennsylvania, Brown, Yale, and the University of Chicago, to name a few. All of our mentors have been involved with the launch of their own company or brand, and they are committed to helping the next generation of startup founders!

Why should I attend?

The Young Entrepreneur Challenge provides many advantages to high school students. First, it acts as a gateway into the world of business, startups, and entrepreneurship. Beyond that, we a skills-based program, meaning the public speaking, writing, teamwork, communication, and self-management skills are transferable to any field of study or potential career path. We take great pride in being the heroes for our students, with many students continuing to seek advice and guidance from our mentors and coaches for years after the conclusion of the program.

Are there resources and support available after the program?

After the Young Entrepreneur Challenge, our mentors are all available to support you by answering questions and serving as information sources. If you are interest, you can also apply to the Whiteboard Youth Ventures Incubator, the world’s only high school student startup incubator. The Incubator is a revenue-first, no-equity incubator.

Parent FAQs

Who are the mentors?

Young Entrepreneur Challenge mentors are always active, engaged entrepreneurs. With Boston as our home base, every YEC has a approximately half of our mentors from Boston, USA and half from our local host. Many mentors hold degrees from the best universities in the world, including MIT, Harvard, the University of Pennsylvania, Brown, Yale, and the University of Chicago, to name a few. All of our mentors have been involved with the launch of their own company or brand, and they are committed to helping the next generation of startup founders!

Is this program residential or commuter?

Each program may be different. Please make sure to look at the location page for the Young Entrepreneur Challenge in which you are interested. Our flagship program in Boston is residential only.

Is there airport dropoff/pickup?

Yes, drop-off and pick-up from the local airport, train station, or bus terminal are included in the program fee.

Where will the students stay overnight?

Please check with the location of the program in which you are interested. For Boston, students will stay in suite style dorms at Boston University. Each suite has three double-occupancy rooms with a shared bathroom and common area. Housing assignments are completed by the staff and cannot be changed.

Why should my son or daughter attend?

The Young Entrepreneur Challenge provides many advantages to high school students. First, it acts as a gateway into the world of business, startups, and entrepreneurship. Beyond that, we a skills-based program, meaning the public speaking, writing, teamwork, communication, and self-management skills are transferable to any field of study or potential career path. We take great pride in being the heroes for our students, with many students continuing to seek advice and guidance from our mentors and coaches for years after the conclusion of the program.

Are there any scholarships or financial aid?

Yes, we have limited, need-based aid available. You will receive the application package for aid with your acceptance.

Can I come to the final presentations? Can I bring guests? What if I can’t make the final presentations?

Yes! Yes! We extend a warm invitation to you, your family, and your friends to come to the final presentations, where student teams will present their findings and work. We provide each family with two complementary tickets, and you may purchase additional tickets for $10 each. After the presentations are complete, there will be a catered lunch and awards ceremony.

If you cannot join us for final presentations, you can view them live from our YouTube channel!

Educator FAQs

How much free time do students have? Will there be time to explore the host city?

We have a few opportunities for the students to explore the city during the Young Entrepreneur Challenge but the large majority of time is booking with workshops and other activities. Many of our schools choose to arrive a few days early or depart a few days late to explore more, which we can help to arrange.

Can you clarify the tuition and fee schedule?

Our total fees are all inclusive, so they cover breakfast and dinner, transportation in the city, insurance, lodging, and all programmed events. Discounts are offered based on the number of students a school registers. Please contact frank@whiteboardyouthventures.com for more information about school discounts.

And do you cover the expenses for teachers? What about flights for teachers?

For schools bringing 10 students or more, we will cover the flight up to $1800USD for one teacher. The expenses for a teacher are $800; however, we will cover those expenses for every 10 students a school brings and will pro-rate from there.

How long has the Young Entrepreneur Challenge existed? Who has attended in the past?

Whiteboard Youth Ventures, our parent company, has run this program for four years as the Young Entrepreneur Challenge. We have worked with over 400 students and many schools from over 15 countries, including China, Korea, Taiwan, Hong Kong, Viet Nam, India, the UAE, Australia, Italy, Belgium, Brazil, Costa Rica, Argentina, the Philippines, Canada, and the USA.

What types of schools have attended in the past?

We host a wide range of schools, including international schools, IB diploma schools, sixth form schools, Cambridge schools, American overseas schools, British overseas schools, and Scottish Schools.

Who are the mentors and who leads the workshops?

All our mentors are seasoned entrepreneurs who have launched at least one company each. Their biographies and LinkedIn profiles can be found on the location pages on the website. Our mentors teach and lead each workshop. We also bring in guest speakers to lend their insights.

Do students earn a certificate? What about awards?

All students who successfully compete the YEC receive a Completion Certificate. We also recognize one member for each student team that exemplifies the characteristics of a founder.

What types of business idea do students typically develop?

Each year, the products were all feasible, realistic businesses that could have easily moved forward into the marketplace. The winning team was a company called OnTrack: “Capitalizing on the success of extreme fitness challenges, OnTrack hosts a series of outdoor and indoor obstacle courses designed specifically for families with children under the age of ten.”

Do students work in teams from the same school or from different schools?

All the teams are cross-cultural. We think this is an important learning opportunity for students to get hands on experience working with peers from all around the world.

What is the registration deadline?

There is no official registration deadline. We will continue to accept applications until all our seats are reserved. The website will display an updated count of the remaining seats. We encourage schools to register no later than March 10th at the very latest to ensure their participation.

Will the Young Entrepreneur Challenge help in the visa application process?

If you are coming from a country that requires an entry visa before entering the United States of America, the YEC will provide each person attending from your school with a letter of invitation to satisfy a tourist visa application. It is your responsibility to apply for the appropriate visa. We do not guarantee the US State Department will grant your visa request; however, we have never had a visa application rejected by a US consulate or embassy in the past.

Still need help? Send us a note!

For any other questions, please write us at ask@whiteboardyouthventures.com or call us on +1 816-226-6940.

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