Raymund Flandez, a contributor to the WSJ’s Independent Street Blog, has a nice posting on the National Youth Entrepreneurship Challenge; an entrepreneurship contest for kids 18 and under put on by the National Foundation for Teaching Entrepreneurship. From the blog post:
One of the most interesting ideas I came across was making football-helmet shields with photo-chromatic paint that allows them to change color when the lights change. Macalee Harlis, of Ft. Lauderdale, Fla., came up with the concept, having experienced the problem of seeing the football field at dusk as a senior varsity linebacker.
The winner won $10,000 in seed capital or for education.
The contest is sponsored by Oppenheimer Funds Inc. and the National Foundation for Teaching Entrepreneurship, a New York-based nonprofit. With a budget of $19 million, NFTE has a mission to teach entrepreneurship and small-business skills to high school students in low income areas.
Since 1987, the NFTE program has been a part of the curricula of some high schools around the country, providing a way for students to learn what it means to be an entrepreneur and picking up valuable skills. Careful planning, strategizing, critical thinking, collaborating and calculated risk-taking are picked up, along with the basic principles of opening a business.
I really wish that my high school had offered this program — not to mention a basic financial literacy program (this is more a matter of public/education policy).