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School Enterprise Challenge 2020 For Next Generation Of Entrepreneurs

School Enterprise Challenge 2020

The School Enterprise Challenge 2020 is now open to applications for another set of program. This is an initiative that aims to inspire and support the next generation of entrepreneurs. It is open to students and teachers in any school from every country.

See Also: ZeroToOne High Impact Leaders Fellowship 2020 For Young Africans

About The School Enterprise Challenge 2020

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

The School Enterprise Challenge is a free educational program that teaches business and life skills. It supports teachers and students to set up a real business at their school. It is an international business program for schools and run by the educational charity Teach A Man To Fish.

Overall, there is $50,000 in prizes available for the most entrepreneurial schools, teachers and students. And, school from any country can take part.

A School Business:

  1. Is a real business that is owned by the school and is staffed, operated, and managed by students with the support of their teachers.
  2. Teaches essential skills and creates young entrepreneurs.
  3. Is sustainable, growing year on year.
  4. Generates real profits for your school or important causes in your community.  

School Enterprise Challenge 2020 Benefits

There are so many benefits to taking part in the challenge. Students and teachers get the chance to develop essential skills for the 21st century such as;

  1. Communication
  2. Teamwork
  3. Leadership
  4. Problem solving

Specifically, benefits for students include;

  1. Getting practical experience running a REAL business
  2. Learning essential life skills
  3. Being part of a global movement of young entrepreneurs.

Then, benefits for Teachers include;

  1. Learning business skills
  2. Developing new teaching techniques
  3. Boosting your CV
  4. Chance to win prizes.

Moreso, the whole school and your community can benefit too. All you need is to use your profits to improve your school or help your local community.

Certificates And Prizes.

There are prizes stated in Bronze, Silver, and Gold. Then, all schools that achieve their Award Level (Bronze, Silver, or Gold) will receive a certificate to recognize their achievement!

Then, the initiative has $50,000 worth of prizes for the most enterprising schools around the world. They will also be rewarding the most enterprising schools, students, and teachers with a range of cash prizes, conference places, laptops, and cameras.

See Also: FG/CAC Free Business Names Registration For 250,000 MSMEs In Nigeria

School Enterprise Challenge 2020 Eligibility Criteria

Go from idea to starting your business in 30 days
Go from idea to starting your business in 30 days

This challenge is open to all schools, including; pre-primary schools, primary schools, secondary schools, and technical/vocational colleges. However, universities are not eligible to take part in the School Enterprise Challenge.

See Also: Seedstars World Competition 2020 – Gender Equity Track For Female-Led Startup

How To Get Involved

Once you register, you’ll have access to all of the School Enterprise Challenge educational materials, and your own online account to upload your submissions. A teacher at your school will be responsible for facilitating participation in the challenge and guiding students to complete these steps;

Step 1: Coming up with a business idea; using the business guides 1,2,3,4 and the business idea template.

2: Writing a business plan; using the business guides 5,6,7,8,9 and the business plan template.

3: Launching the school business, making sales and writing an annual report; Using the business guides 10,11,12,13,14 and the annual report template.

Facebook Digify Virtual Bootcamps For Young Africans – Apply Now

The deadline for application for the School Enterprise Challenge 2020 is November 20, 2020. You can advise your students or tell teachers to apply for the program. Read more and apply using this link; https://www.schoolenterprisechallenge.org/

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