Capitalism Camp for Kids – The New York Times

A New York-based nonprofit, the Network for Teaching Entrepreneurship, or NFTE, additionally runs in-faculty and summer season packages for college students in sixth via 12th grades. One of the choices — referred to as “BizCamp: Business Ideation and Crafting the Pitch” — consists of lessons on “Opportunity Recognition” and “Delivering Value to Customers,” and culminates in a pitch competitors that’s structured like an episode of the TV present “Shark Tank.” (Winners are eligible to compete in a National Youth Entrepreneurship Challenge, additionally sponsored by NFTE.)

The aim of the group — based nearly three many years in the past with help from billionaire philanthropists, multinational banks and company consultants — has been, because the starting, to “activate the entrepreneurial mind-set and build start-up skills in youth,” mentioned Sophia Rodriguez, the director of analysis and analytics at NFTE. (“We actually pronounce it ‘nifty,’” she clarified.)

And as a result of it’s not sufficient to activate the entrepreneurial thoughts-set — one should measure it, as nicely — all NFTE college students are assessed, by the tip of their packages, on “noncognitive skills” and on one thing referred to as the Entrepreneurial Mind-set Index. That examination, which was written in collaboration with Ernst & Young, one of many world’s largest accounting agencys, and the Educational Testing Service, which administers the SAT, is supposed to advertise “a very talented pipeline of young people that employers desperately need and are increasingly not finding,” Ms. Rodriguez mentioned.

“We look at NFTE youth as future model employees,” Ms. Rodriguez mentioned. They at present attain about 25,000 college students in colleges and about three,000 youngsters at camps within the U.S. “We’re talking about high school students, but we definitely see interest from our corporate partners on wanting to kind of leverage the learning that our young people are developing.”

Juan Casimiro, the founder and chief govt of Biznovator and a former Bronx public-faculty trainer, believes kids are by no means too younger to start out studying about enterprise. “For more than 31 years, I’ve been running entrepreneurship, innovation, leadership camps — typically during the summers,” Mr. Casimiro mentioned. “When I got involved, it was harder to convince parents, funding sources, organizations, that kids can learn business very early. They couldn’t believe that a kid, at 10, can pick up these business principles and literally start their own little micro business.”

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