Eligibility Requirements: High school juniors and seniors and college students who have an idea for a product, service, business, or other innovation.
Scholarship Award: USD $1,000 scholarships
Business Idea: A brief description of your proposed idea, business, or product explaining what it is, why there is a need for it, how it is different from others in the same category, how you would make (or have made) a prototype, and what is your plan for turning this innovation into reality. Let us know how you got the idea and what you have done about it thus far.
Business Plan: Applicants are also required to include a business plan outlining strategies for launching their idea. A business plan outlines how you plan to grow your business and explains your strategic vision.
Visit websites such as Small Business Administration for information and guidance and tips for creating your plan. The Small Business Administration website provides free information for young entrepreneurs and for guidance. You may also take 30-minute free online courses for young entrepreneurs to assist you with starting a business, as well as creating a business plan, which also contains a sample business plan template:
Your business plan should include the following components in a document:
Open Date: June 1, 2019
Close Date: October 1, 2019