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EnTEENpreneur Challenge

What is the enTEENpreneur challenge?

The enTEENpreneur challenge is, essentially, a pitch contest similar in format to one seen on a reality TV show about entrepreneurship. JAWM has various sponsoring organizations that provide members of the judging panel, and students have 90 seconds to convince the panel to fund their company. The judging panel determines 1st, 2nd and 3rd place by numerical score based on the rubric that can also be found in this packet and among the email attachments. The top three teams will receive cash prizes in the following amounts:

  • 1st place wins $500 ($100 per person, assuming a team of 5 students)
  • 2nd place wins $350 ($75 per person, assuming a team of 5 students)
  • 3rd place wins $250 ($50 per person, assuming a team of 5 students)

Though students do not need a ready-for-sale product to participate in the challenge, those students who opt to create a product are eligible for extra awards. Each student on a Team awarded for the Best Trade Booth or Most Innovative Product will receive a personal trophy to commend their achievement. In addition, the winning Student Teams that have a ready-for-sale product to showcase will be eligible to submit their plan to the JA USA National Student Leadership Summit slated to take place in Washington DC in mid-June of 2017. Fifteen finalists from around the country will be selected to attend the Summit. If a Western Massachusetts Student Team is selected for the Summit, JAWM will help prepare the team for competition.


JA USA National Student Leadership Summit

What are students supposed to learn from it?

A Student Team is a group of 2 to 5 students that creates a plan and possibly a product for a small business. Physical materials that a Student Team requires are a presentation of some sort (such a poster or PowerPoint) including a business plan to be used during the team’s pitch to the judging panel. The Team’s business plan must include plans for financial structure, targeted customer group(s), key resources and other information. The full list of planning aspects to consider can be found in the Presentations section of this packet. Also, the rubrics that the judging panel will be using are in the Scoring Rubrics section of the packet.

While students DO NOT need a ready-for-sale product to participate in the enTEENpreneur challenge, those that choose to make one have the opportunity to participate in a trade show on Tower Square’s general walkway. Personal trophies will be awarded to each student on the winning Team for the categories of Best Trade Booth and Most Innovative Product.

On what criteria will Student Teams be judged during the Challenge?

Students will be judged on the written/visual presentation (such as poster boards, brochures, and/or their trade fair booth), verbal presentation (speaking and language), and actual content (the product and business plan). Each category has a total numerical score that is comprised of multiple subcategories. The subtotal for each category – written and verbal presentation, as well as content – will be added and their sum will be the Team’s overall score. The overall score will determine 1st, 2nd and 3rd place ranking in the Challenge, with the highest overall score being 1st place, the second-highest score being 2nd place, and so on.

This year, the Special Guest Judge will be Ryan Kelly from Ry’s Ruffery (rysruffery.com); Ryan competed on Shark Tank Season 4 at just 11 years old. He struck a deal with Barbara, $25,000 for 25% of the business.

How Can I Support This Event?

Title Sponsorship $7,500 (1 Available)

  • One of the five positions on the judging panel
  • Opening remarks
  • Free marketing: press release, large company logo on t-shirts, social media shout-out, signage at the event, full page ad in program, recognition in all media coverage
  • On stage during Awards Presentation to congratulate teams
    o Meet and greet with teams
  • Final remarks

Trade Show Sponsor $5,000 SOLD

  • One of the five positions on the judging panel
  • Opening remarks before the open-to- the-public trade show
  • Company signage at trade fair
  • Free marketing: press release, large company logo on t-shirts, social media shout-out, logo on signage at the event and all marketing, full page ad in program, recognition in all media & coverage

Pitch Camp Sponsor $5,000 SOLD

  • One of the five positions on the judging panel
  • Opening remarks at the Pitch Camp (February 17, 2017)
  • Company signage at Pitch Contest
  • Free marketing: press release, large company logo on t-shirts, social media shout-out, logo on signage at the event and all marketing, full page ad in program, recognition in all media coverage

 

Award Sponsor $2,500 SOLD

  • Remarks before awards presentation
  • Present awards to the winning teams
  • Sponsorship of the prize money
  • Free marketing: press release, company logo on t-shirts, social media shout-out, logo on signage at the event and all marketing, half-page ad in program, recognition in all media coverage

Venture Sponsor $1,000 (10 Available)

  • Sponsorship of a Student Company Program Team which could have the opportunity to continue to the JA USA Student Leadership Conference
  • Free marketing: t-shirt logo, social media shout-out, logo in program, press release

Seed Sponsor $500 (20 Available)

  • Sponsorship of student team with an idea only pitch
  • Free marketing—recognition in program and post-event press release

Student Sponsor $100 (100 Available)

  • A lottery chance randomly attached to a student competitor
    o If the student competitor is on the winning team, the sponsoring individual/company gets included in ½ page ad in The Republican following the event

Sponsors

Volunteers

Being a part of JA has been a wonderful experience!
It’s teaching me how to become a young entrepreneur, how to manage a business, and build on my communication skills. JA serves great purpose in the Springfield community, just happy I am a part of it! Participating in the Entrepreneurial Challenge is a great opportunity!” —Tmyra, student, The High School of Science & Technology

It was a life-changing experience
“Last year we had the opportunity to compete in the JA USA Student Business Plan Challenge in Washington, D.C. and it was a life-changing experience. Being a part of JA has helped us learn about ourselves and who we can be in the future. Every student should have a chance to be a part of JA.” —Dajah Gordon (Putnam Vocational), Lindsey Sullivan (West Springfield High), Tess Godbout and Destiny Ware (The High School of Science and Technology)

Last Year’s Challenge was AWESOME! 
“Last Year’s Challenge was AWESOME! My students had a tremendous learning experience and they can’t wait to come back again this year!”
— Thomas LaMondia, Teacher, Putnam Vocational

A special thanks to our

Trade Show Sponsor
($5,000 Value:)

Pitch Camp Sponsor
($5,000 Value:)

Award Sponsor
($2,500 Value:)