The Herald Bulletin

Afternoon Update

Local Business

April 20, 2013

Classroom to boardroom

Building the next generation of entrepreneurs

ANDERSON, Ind. — They develop revolutionary products and conduct international business deals — so long as they finish their homework, first.

Mini moguls in grades six through 12 will converge on Madison County this year for Young Entrepreneurs Academy, a crash course in product development, strategy and marketing that culminates in an actual, student-run business.

YEA began in 2004 at the University of Rochester, then in 2008, spun-off as its own not-for-profit corporation, launching local programs in colleges, universities and high schools around the country.

This year is its first in Madison County, a partnership between the Madison County Chamber, Purdue University College of Technology-Anderson and local business leaders, who will work one-on-one with the students to develop their business plans, pitch to a team of investors and present the finished product in a trade show.

“Some of the projects that have come out of this are pretty incredible,” said Corey Sharp, director of Purdue’s local extension. “They’re real, functioning businesses.”

And they’re run by kids as young as 11. For example, take Ani Patel, who was a seventh grader when he enrolled in YEA and founded Intel4India, a company that provides telecommute English lessons for kids in rural India. In 2009, his sophomore year in high school, Ani’s company had over 500 students enrolled.

Others have developed products that make it easier to hang holiday lights, jewelry that time-releases perfume and multimedia campaigns to combat texting and driving.

That’s a learning experience you just can’t get in the classroom.

“One of the most interesting components of the program is the actual behind-the-scenes knowledge the students are given from local business leaders, who were at one time standing in their shoes,” said Sandra Hudson, Assistant Superintendent of South Madison Community Schools. She and other local school  representatives attended a meeting this month to help launch the program.

“The experience is something they will be able to apply to whatever field they choose to enter,” she said, “Giving them the necessary skills to become future leaders of industry.”

And hopefully they’ll keep those businesses right here in Madison County, boosting the local economy.

Given the results of similar programs across the county, YEA has the “potential to make a dramatic impact on our community, in both business and education,” said Chamber chairman Jack Harter, “Then, we as a community get to benefit from all the enterprises these students are creating. It sets our community up for a thriving future for years to come, and provides the training our next generation of CEOs need to steer our county towards innovation and prosperity.”

But it will take the entire community, working in partnership, to help that happen, said Chamber executive vice president Angela Barbosa — from educators, to volunteers to local business leaders.

As for the tiny titans of industry, they’ll need to be dedicated, motivated and effective time managers, since the program is after school from September to May.

“It’s really about recruiting the right students,” Barbosa said, “Energetic, talented, driven kids who understand what an awesome opportunity this is to learn business from the ground up from business people and are ready to commit to a year-long process to do it.”

Applications and nominations can be downloaded on the Chamber’s website. Class size is limited to 24, so early application is recommended.

Classes begin this September and run through May 2014, Wednesday evenings from 4 to 7 p.m. at the Purdue Anderson campus in the Flagship Enterprise Center, 2705 Enterprise Drive. Tuition is $295 per student, but scholarships are available.

Find Baylee Pulliam on Facebook and @BayleeNPulliam on Twitter, or call 648-4250.

1
Text Only
Local Business
  • Charo Boyd: 'My Social Security' simplifies your life So many people buzz through extremely busy and complicated schedules these days. A smartphone in one hand, a computer in front of you, and a digital task list that never seems to end. In addition, to complicate things just a little more, there’s another event you need to add to your list — National Simplify Your Life week.

    July 28, 2014

  • nws - hb0725 - colts - jc - 4.jpg Colts camp's impact: pricey or priceless?

    Football fever is here and the city is flooded with fans eager to catch a glimpse of a favorite player. But officials say they are unclear what kind of economic impact the Indianapolis Colts training camp has on the area.

    July 26, 2014 1 Photo

  • BIZ - HB0727 - Skill gap 2 Seeking a solution today, not tomorrow Tina Warner-Morton says she wants to open her own healthcare business because it is too difficult to work for an employer with unclear employee expectations.

    July 26, 2014 1 Photo

  • BIZ - HB0727 - Cathy Cupboard Biz Profile Business Profile: Cathy's Cupboard focuses on customer satisfaction Cathy McPhearson opened her first storefront in June, but this is not her first venture into business. “I have always wanted to have my own business,” she said. “The problem was finding what people like, but everyone seems to like candles.”

    July 26, 2014 1 Photo

  • IU Health Ball Memorial Hospital named Level III trauma center The Trauma Center at Indiana University Health Ball Memorial Hospital has been verified as a Level III Trauma Center by an ad hoc committee of the Committee on Trauma (COT) of the American College of Surgeons.

    July 26, 2014

  • Clark, Big Joe mug 'Big Joe' Clark: Beat the market or meet your goals? True or not, my experience tells me that goals – especially when written down – undoubtedly serve as catalysts for success. However, danger arises when a goal does not properly focus on the long term result you expect.

    July 25, 2014 1 Photo

  • DSC_8125.JPG Auction teaches in business, farming

    After 10 years of 4-H, saying goodbye to his animals has become a simple matter for McKennon Heald. But he said he wouldn't be surprised to see some tears from some of the younger participants. He's been there.

    July 25, 2014 2 Photos

  • Anderson, Alexandria and Elwood receive grants to tear down abandoned houses Three Madison County cities — Anderson, Alexandria and Elwood — received state grants that will be used to tear down abandoned, dilapidated houses.

    July 25, 2014

  • NWS - HB0715 - Chuck Pagano Pagano breakfast sold out A breakfast with Indianapolis Colts head coach Chuck Pagano is sold out, organizers said Wednesday.

    July 23, 2014 1 Photo

  • Cellular Connection to host backpack giveaway Residents in Anderson will benefit from a national backpack giveaway campaign on Aug. 2.

    July 23, 2014

Stocks
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide