Become a High School Entrepreneur and Win $5,000
Over the course of a jam-packed week, think of a new business idea, perform primary market research, build a prototype, speak to investors, work with mentors, and meet friends and future business partners.
Start your first business with us
Young Entrepreneur Challenge Boston
July 9-14, 2018
Boston University, 1019 Commonwealth Avenue
50 Seats Available
Whiteboard Youth Ventures has been running the Young Entrepreneur Challenge for four years, attracting students from every part of the globe to compete in a week long startup challenge. Once students arrive on the campus of Boston University, teams are created and ideas become business concepts. Each business team will compete in a series of challenges throughout the week to gain advantages over other teams.
The YEC week culminates with a final round of presentations in front of family, friends, and community. Our Awards Ceremony is the perfect way to close out an exciting week of work and learning. We award prizes to the top performing students, as well as the teams who comes in first and second place. Winning teams win cash prizes, services, and possibly an invitation to the Whiteboard Incubator.
Day One: Team Building and Ideation
Arrive at Boston University
Meet the students at the YEC
Go through ideation exercises
Form a team and meet your mentor
Day Two: Customers and Prototyping
Understand the relationship between value and customers
Define the relationships between your business and its customers
Conduct real world primary market research
Plan and construct a working prototyping
Take web development and mobile application courses
Day Three: Business Modeling and Audience Building
Build a business model, understanding revenue streams and distribution channels
Create a plan to build an audience prior to launch
Meet with social marketing experts
Decide on a branding strategy
Day Four: Business Expo
Spend the morning preparing your business expo trade booth
Visit Venture Cafe at MIT and take part in a business expo
Get feedback from over 600 potential customers
Day Five: Budgeting and Finance
Construct a P&L Statement and Statement of Cash Flows
Project your first year of revenues and expenses
Meet with a financial expert to review your projections
Apply today before all of our seats run out!
The Young Entrepreneur Challenge immerses you in a working startup environment with all of the tools, experts, and resources to start your entrepreneurial journey.
Meet fellow students from around the world, work with world class founders, learn how to prototype, and bring your idea to the verge of launch. The Young Entrepreneur Challenge will inspire the next generation of startup leaders!
Gain exposure to important business concepts and learn about the building blocks of any new venture. Each morning, work with your team to discuss business cases, take part in business challenges, and consult with founders from the community.
Afternoons are spent developing critical skills that every founder needs: presentation skills, audience building, prototyping, web development, and budgeting and finance.
All teams that complete the Young Entrepreneur Challenge must build a prototype. Work with our mentors to build your product, design your mobile app, or map out your web service. Students will be given a number of digital and physical resources to construct a first version prototype with which to speak to potential customers and conduct market research.
You’ll be refining and updating your product and business model throughout the week. How do you find the perfect target audience? What features do your early adopters crave? What price should you sell your product for? The best way to answer these questions is to conduct business experiments in the real world!
Teams will be presenting their progress daily to the entire class and our panel of mentors for valuable feedback. Every student will hone their presentation and public speaking skills over the course of the GSC. On the last day, teams will give their final presentations to parents, friends, mentors, investors, and the community.
Young Entrepreneur Challenge by the numbers
Years Developing and Testing Our Curriculum
Countries from where our Students, Teachers, and Mentors hail
Students We’ve Worked with
Our goal is to bring 100 student-founded, -driven, -operated ventures to market over the next 5 years.
Combined revenue for companies that our students have launched over the past four years.
Here’s what you’ll be doing for a week:
Day One: Meet Your Team & Mentor, Develop Your Idea
Meet Your Team and Mentor
Spend the first day meeting your team members from around the world! Each team is made up of 5-8 students and is paired with a mentor to work with for the week.
Value Proposition and Presentation Workshops
Work with the instructor and your mentor to complete the Value Proposition and Presentation workshops as you prepare to pitch your new business idea for the first time!
Day Two: Customer Research and Prototyping
Custom Segmentation Workshop and Primary Research
The morning workshop on Day 2 centers around defining your potential customer base. After the workshop, your team and mentor will develop and execute a primary customer research plan.
With the knowledge gathered from your market research, begin to map out your plan to develop your early stage prototype. Mentors will help student teams use different resources for developing web, mobile, or physical prototypes.
Day Three: Revenue Models, Expert Consults, and Audience Building
Business Model Workshop
The morning workshop of Day 3 focuses on discussing and analyzing business models, distribution strategies, and customer relationships.
Student teams will present their progress each day, but the midweek review is the most important. Each team will be given up to 10 minutes to pitch their businesses and then will receive feedback from the mentor team.
Local experts and entrepreneurs will join the class to discuss their businesses and to give student teams important feedback for their own projects.
It’s not all work at the Young Entrepreneur Challenge. Break up the week by taking the afternoon off to explore our host cities. In Boston, teams compete against one another in a citywide photo-scavenger hunt.
Day Four: Business Model Workshop II & Business Expo
Business Model Workshop II
The second Business Model workshop will finish the teaching of business concepts. This workshop will focus on business activities, resources, and key partnerships.
In the evening on the Day 4, teams will design and build business expo booths. Hundreds of people from the community come to give feedback and vote on their favorite businesses.
Day Five: Budgeting, Finance, and Final Rehearsal
Budgeting and Finance Prep
The last workshop of the week will have each team meet with a professional CFO to review their financial projections and cost estimates.
The last chance for teams to practice and perfect their pitches! The final rehearsal is a dry run on the final presentation, which will make up half of the total score for each of our teams.
Day Six: Final Presentations and Awards Lunch
In front of family, friends, our mentors, and the community, each of the student teams will tell the story of building their new company. Final presentations will account for half of the score for each of our teams.
The Young Entrepreneur Challenge concludes with a lunch for all of our final presentation attendees and the awards ceremony. We award winning teams, the school that shows the best performance throughout the week, and individual founder awards, given to one member per team.
PROGRAM COSTS AND SCHOLARSHIPS
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Are You a Teacher Who Wants to Bring a Team of Students?
Each year, we have several schools who bring teams of students from around the world to participate in the Young Entrepreneur Challenge in Boston. This is a great opportunity to showcase real world practice of business theory for IB and AP courses. Please contact frank@whiteboardyouthventures to see how we can make your YEC experience as streamlined as possible. Benefits of bringing a team of students include:
- Reduced tuition prices for team of 6 or more
- No costs for teachers to attend with 6 or more students
- Arrive early or stay after the program to tour Boston and its many universities
- Assistance with visa applications