The current number of entrants into the competition stands at 20 in the youth category. By August 1st, these 20 must have a business plan and financial projections completed, some of which have used the business development software, Monocle, to complete and proceed on.
Ideas submitted to the competition range from custom designed skateboards to sports-themed cupcakes, a new and revolutionary locking mechanism to a job search website specialized for Hispanic communities, and even a personalized laundry service coupled with sandwich delivery. The ideas of these students spans far and wide. Each student has had to complete a 25 question submission form, must submit a business plan and financial projections and must design an exhibit booth displaying their idea at the competition. Each student will also deliver a 10 - 12 minute pitch presentation to a panel of judges in a private room covering their idea in full.
Winners of the competition will be announced at the MADE Competition, August 12, 2014 at the conclusion of the event. Winners of past events have been awarded Seed Funding for their businesses and can expect the same this year.
The MVCAA website speaks on the competition saying, "This project and event is a step toward economic stability in Missouri by helping locally owned businesses reach toward success. These new business owners become leaders and reinvest in the communities that support them. They create an economic footprint, hire local people and make a difference in the communities."
When it comes to why the Missouri Alliance for the Development of Entrepreneurship (MADE) think this program is important, the site goes on to state "The purpose of this competition is twofold: to build character and the entrepreneurial spirit for youth, and to develop and launch new businesses in the state of Missouri. Creativity, critical thinking, understanding the role of entrepreneurship in one's community, starting a new business, and ultimately new jobs will build out of this competition. Participants will find the experience educational and rewarding, and some will develop and operate their own new businesses!"
Take a look to the MADE Competition this year, the amount of students pursuing entrepreneurship at such young ages is catching fire. It is our duty as supportive communities to cultivate, nurture, mentor, and spread these dreams of youth entrepreneurship. If you make it to the State Fair in Missouri this year and are available, seek out the competition in Lowell Mohler Assembly Hall at the Missouri State Fair in Sedalia, Missouri on August 12, 2014.
For more information, visit: http://mvcaa.net/ .
NEWS SOURCE: Missouri Alliance for the Development of Entrepreneurship :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.