Published on April 5, 2016 um 21:57
Explain your idea in details:
When entrepreneurial learning is provided to youth under age 18, students learn to think creatively, to innovate and to use opportunities surrounding them to their advantage. Entrepreneurship becomes a viable career path for students of all backgrounds and education levels. A lack of post-secondary education is no longer a barrier to financial success as these youth have the knowledge required to create their own business and generate income. Entrepreneurs create jobs and lead to economic stability. Entrepreneur's Academy offers a year long youth program offering entrepreneurial education, experiential learning, exposure to the local entrepreneurial and business communities and creative activities in a non-formal learning environment that will foster the skills required for youth to find or create work thus reducing unemployment through entrepreneurship. The United Nations, Ernst & Young, Accenture and many other organizations recommend entrepreneurial learning be provided at an earlier stage of development. By providing youth aged 11-18 with entrepreneurial experiences, we are better preparing them for future endeavors thus increasing their opportunities to be fully employed or create their own employment through entrepreneurship. Our beneficiaries will receive the following additional benefits from our program Support to build and launch a business, start-up or social entrepreneurship project Access to the programs for marginalized youth nationwide through subsidized membership programs Access to a national network of peers, mentors, advisors and investors Youth who take part in the programs will develop valuable skills that will enhance their ability to find or create work thus reducing levels of youth unemployment. Many learned skills are transferable skills that will assist in future education, careers or entrepreneurial projects. In addition to main youth programs, an annual national boot camp as well as provincial and national workshops will also be provided throughout the year.
Expected impact of your idea on sustainable development
The sustainable development goal Entrepreneur's Academy seeks to contribute to is Quality Education. The specific target we seek to commit to is to substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship by 2030. The Entrepreneur's Academy programs will allow teenagers to get into the entrepreneurship mind-set early. When entrepreneurial learning is provided to youth, students learn to think creatively, take initiative, to innovate and to use opportunities surrounding them to their advantage. This enables them to make better decisions with regards to their future regardless of whether they choose to start their own business or not. Our vision is for all youth to feel empowered to create their own future and positively impact the community. Methods of learning will include in class discussions, collaborative learning with community partners, workshops, camps and youth exchanges. Entrepreneur's Academy will establish a safe, comfortable environment that is conducive to learning, experimentation, creativity and freedom of expression. Our beneficiaries will assist by sharing experiences, highlighting stories and promoting entrepreneurship to youth. Youth will be encouraged to volunteer as future group leaders, to lead educational sessions and to take part in other club activities and special events Due to the nature of entrepreneurship education programs, the success of Entrepreneur's Academy will be measured over numerous years through a variety of methods including feedback from strategic partners and collaborators, participant surveys, interviews with youth post-program, number of youth members, number of schools enrolled, number of businesses started as a result of the program and youth job creation numbers. We will track participants in our programs to assess who has started businesses or used learned skills to succeed in their career path.
Plans for implementation and sustainability
Revenue from Parents & Youth will be generated from membership fees, group entrepreneurial projects, fundraising and donations, and workshop and special event fees. Revenue from Private Investors, Community Groups, Business Organizations, Service Organizations, and Government will be generated through loans, angel investors, fundraising and donations, sponsorship, crowd funding and grants. All profits made from activities are reinvested into the program.
Yearly Membership Fees. US$30.00 per child per year ($10.00 a term) with additional fees for off-site programs/special events. For every paid membership, one scholarship will be available to a youth who cannot afford fees.
Special Events and Workshops Fees. Special Events and Workshops will be priced in accordance with similar events and fees may be waived based on sponsorship. It is estimated that in the first year a minimum of $1,000.00 will come from special events including the annual Entrepreneur's Academy National Boot camp.
Revenue from Community Groups, Business & Service organization & Government. Additional revenue will be obtained through a variety of methods including fundraising, crowd funding, private investors, sponsorship, grants and donations. It is estimated that our campaigns will bring in approximately $1,000.00 in the first year. Sponsorship and Grants from government and corporations are expected to make up approximately $1,000.00 of revenue in first year. Donations (private and corporate) are expected to account for an additional $1,000.00 revenue.
Entrepreneur's Academy will initially seek US$80,000.00 from investors to build our platform and assist with administrative costs.
Membership numbers are expected to rapidly increase over the first few years as additional schools are added and launch the program.
Vongai Cecilia Mudzamba (30 years old), was born in Gweru, Zimbabwe. She studied Financial Accounting at the University of Cape Town. Vongai has a passion for entrepreneurship and small business development. After discovering how hard it was to start a business in Zimbabwe, Vongai founded of Zimbabwe Entrepreneur Zone in 2012. Using this platform Vongai was able to help numerous entrepreneurs get the help they need in order to start a business. In addition to helping business registrations, she was part of the team that organized startup events, training sessions as well as mentor-ship for existing and aspiring entrepreneurs. Vongai is dedicated to the vision and is inspired to inspire the ordinary person to start a business today.
Stage of Idea
conceptual stage, planning stage