Students from nine high schools across San Diego used their wits and ingenious business ideas to secure a place to compete at the 2017 TiE Young Entrepreneurs (TYE) Global Business Plan Competition.
Competitors in grades 9 through 12 from Pacific Ridge, Westview, Mt Carmel, Scripps Ranch, Ranch Bernardo, Francis Parker, River Valley Charter School, Del Norte, and Canyon Crest High School first faced off in a local competition hosted by TiE South Coast, a local non-profit business networking organization.
The program, which is sponsored by Doing What Matters For Small Business (DSN), exposes the students to the exciting world of entrepreneurship, teaching and equipping them with real life lessons from local entrepreneurs.
"This program fosters an insatiable appetite for entrepreneurship at an early age. It allows our high schoolers to learn from the best local business people and prepares them for future success," said Joe Molina, DSN program director.
The competition, which is an offshoot of the TYE program, allowed students to be primed in all aspects of leadership and entrepreneurship, giving them realistic and valuable insights into running their own businesses. Professor Rob Fuller from the Rady School of Management at UC San Diego taught sessions including financing, marketing, business law, business models, and idea generation. Students worked in teams with guidance from their mentor, on a product idea and presented this at the local TYE competition.
The first place winners of the local competition hailed from River Valley Charter School, Mt. Carmel, Canyon Crest, and Pacific Ridge schools. They will go to the TYE Global Competition on June 23 and 24, competing against 20 TYE teams from TiE chapters worldwide.