DURHAM, N.H.--(BUSINESS WIRE)--Emerging entrepreneurs from high schools in southern New Hampshire and Massachusetts will vie for funding to help to launch their ventures in a business ideas competition June 7, 2014, at the University of New Hampshire’s Peter T. Paul College of Business and Economics. BizGen, an organization designed to support entrepreneurship among today’s youth, is sponsoring the competition based on its vision of building the next generation of entrepreneurs.
“Small businesses provide 55% of all US jobs, and 66% of all net new jobs since the 1970's,” said Ken Johnson, BizGen Founder. “We believe that by promoting entrepreneurship at the high school level, we can ensure the success of our economy and the American way of life.”
High schools participating in BizGen’s first competition are: Pinkerton Academy, Derry; Triton Regional, Newbury, Mass.; Portsmouth High School, Portsmouth; Oyster River High School, Durham; Souhegan, Amherst; and Central Catholic, Lawrence, Mass.
Six teams consisting of one-twenty students will pitch their business ideas to a panel of experienced entrepreneurs. The winning ideas will be supported with a $5,000 first prize and a $3,000 second prize. Winning teams will use this award money to help make their ideas into actual businesses.
Leading up to the June 7 award competitions, participants will develop their ideas into business plans with the help of volunteer coaches and mentors from the area’s business community. For-profit and non-profit business plans will be judged on key factors such as revenue, market share, change in conditions, or social impact. The students will learn how to build businesses and how to overcome the challenges faced by business developers.
“These students are learning how to build businesses and how to overcome challenges faced by business developers. We want to encourage high school students to think big,” Johnson said. “While our educational systems teach students the skills that add value for existing companies, BizGen strives to show students that they can apply their knowledge to create new entities.”
“The University of New Hampshire Research Office and the Peter T. Paul College of Business and Economics are proud to be a founding partner and host of the BizGen competition,” said Arnold Garron, interim dean of the Paul College. “Our vision of preparing individuals to excel in their careers, engage in their communities, and meet the challenges of the global business world through innovative research-based education and outreach is in synch with the goals and spirit of BizGen.”
Founding partners of BizGen include the Peter T. Paul College of Business & Economics at UNH; the Office of the Vice Provost, Research at UNH; Bank of America, and Kirk Communications.
BizGen was founded to encourage and support next generation business developers. BizGen provides a platform for business- and creative-minded high school students to compete on a winning idea with help from mentors and coaches, and evaluated by qualified judges. Winners receive both in-kind and financial help to launch their ventures. The mission of BizGen is to support the spirit of entrepreneurship among today’s youth. Learn more at www.Biz-Gen.org.
The University of New Hampshire, founded in 1866, is a world-class public research university with the feel of a New England liberal arts college. A land, sea, and space-grant university, UNH is the state's flagship public institution, enrolling 12,300 undergraduate and 2,200 graduate students.