National
Youth
Entrepreneurship
Challenge

Sponsored by:


Featuring Students From:






2024 NYCE OVERVIEW


Objective:

The National Youth Entrepreneurship Challenge is intended to give students in JK - Gr 12 an opportunity to demonstrate a practical and extendable understanding of concepts that are fundamental to Entrepreneurship. 


Format:

In a virtual assembly, finalists from each grade level will pitch their product/service ideas, following the guidelines outlined, below.  Guest judges will observe student pitch presentations, and students will be asked questions about different aspects of their proposed business plans. Judges will independently assign scores to each presenter for various categories at the end of each grade level's presentation round. Once all grade levels have presented, the virtual audience of student peers, school/organization administrators and family members will vote for a Popular Choice Winner. 


Note: presentations will be recorded and may be shared through various social channels. 



Date:

May 31, 2024


Awards:

Winners will be featured in the Brilliant Youth Series of Winner Magazine, an online editorial series published through www.BNS-News.com. Certificates of Participation and Distinction will also be awarded. 


2024 Guest Judges:

For this TV-show inspired Entrepreneurship Challenge we will be joined by esteemed guest judges, to be announced soon.


Important Dates for Mensa GYG Applicants

April 30 Elevator Pitch Submission Deadline:

Mensa GYG applicants must submit a 1-minute elevator pitch via video recording (can be a phone recording) as a shareable link through the form emailed to the GYG community.   


May 5 Finalist Selection:

Mensa GYG finalists for each grade-level will be contacted by May 5, with the opportunity to request guidance from GYG mentors.  


May 31 Official NYEC Event:

All finalists must be present in the virtual NYEC Google Meet conference at 2:00pm EST for live presentation of business pitches in ascending grade order.

*Note: If the time for this event changes, participants will be notified prior to the event


Important Dates for SLI Applicants:

May 26:

All applicants must present in class and have a grade-level finalist delegated by their teacher and principal. 


May 31 Official NYEC Event:

All finalists must be present in the virtual NYEC Google Meet conference at 2:00pm EST for live presentation of business pitches in ascending grade order.

Grade Level Categories, Time Limits, Group Size, and Recommended Format (format may be changed by the presenter):

JK/SK -  up to 3 minutes, Individual or group presentations, spoken presentation with craft or other clear description of product/service and optional bristol board

Gr 1/2 - up to 5 minutes, Individual or group presentations, spoken presentation with Google slides presentation, bristol board or website screen-shared via Google Meet

Gr 3/4 - up to 5 minutes / groups of 1 - 3 (GYG members may partner with non-GYG members of the same age category) / spoken presentation with slideshow or website screen-shared via Google Meet

Gr 5/6 - up to 7 minutes / groups of 1 - 3 (GYG members may partner with non-GYG members of the same age category) / spoken presentation with slideshow or website screen-shared via Google Meet and optionally, 3D-modelled prototype

Highschool Presenters - same requirements as Gr 5/6, however you may use up to 10 minutes


JK - SK

Presentations of finalists should include all of the following elements:

- Verbal description of the product or service (purpose and use)

- Picture, prototype (craft), or live demonstration of product or service

- Example of who might buy the service

- Accurate proposition of price a customer might pay for the product/service

- Adherence to the 5-minute time limit (there is no minimum time)


Gr 1 - Highschool

Presentations of finalists should include all of the following elements:

- Verbal description of product or services (purpose and use)

- Picture, prototype (craft), or live demonstration of product or service (for Gr 3 and above, a Google Slides presentation or website that can be screen shared is preferred)

- Explanation of who customers are expected to be and why

- Break-down of materials cost to create one product/ set-up one service

- How much the product/service will be sold for and what the profit is expected to be

- A description of the marketing plan (this could be as simple as sharing information with friends and family for younger students)

- Adherence to the time limit 



Who can watch?

Friends and family of participating finalists, as well as any and all members of the respective SLI and GYG communities are welcome to join the virtual competition to view, send messages of encouragement during scoring periods, and to vote.  The assembly link will be sent to all GYG and SLI members, and friends and family may request this link directly from participating finalists.  


Past Winners and Judges in the Media:

Browse Winning Presentations From Past Years