UM Entrepreneurship Students Help Miami-Dade Youth Prepare for Regional Competition
February 08, 2011
Business students assisting Booker T. Washington
Young entrepreneurs from Miami’s Booker T. Washington High School have an edge heading into a regional business plan competition, thanks to the University of Miami Entrepreneurship Club. The high school students visited the School of Business earlier this month to work on their business plans as part of a program sponsored by the Network For Teaching Entrepreneurship (NFTE), a national organization that provides programs that inspire young people from low-income communities to stay in school, to recognize business opportunities and to plan for successful futures.. The high-school students, who have been working on their business plans for NFTE’s annual business plan competition, toured the UM campus and then worked with members of the Entrepreneurship Club to further develop their plans.
“The NFTE partnership is important to our entrepreneurship program because we believe in strong engagement with our community, and NFTE is serving a very valuable function in the Miami Dade area,” said Ken Colwell, the School’s director of Entrepreneurship Programs. “Many of the kids they work with are from disadvantaged backgrounds, and don't have a lot of economic opportunities. Coupled with the prolonged weak economy, there are even fewer than there were just a few years ago. Many of these students will be forced to create their own job opportunities. Exposing them to the entrepreneurial process and teaching them how entrepreneurs think will have an enormous impact on many, many lives. “
The School of Business will sponsor and host NFTE’s regional business plan competition on May 18. The NFTE program is part of the School’s longstanding commitment to fostering student entrepreneurship and entrepreneurial thought leadership. The School offers a robust entrepreneurship curriculum which includes and entrepreneurship major and supports numerous programs to nurture student-run businesses, such as its own annual Business Plan Competition. For more information, visit the Entrepreneurship Programs website.