The Emmy Award winning public television series Biz Kids has teamed up with Ernst and Young for a startup contest for kids. Entrepreneurs are getting younger and younger. We’ve seen sixth graders present at major conferences, 10 year olds make hundreds of thousands of dollars in the app store and a plethora of straight from high school to the accelerator stories in the last few years.
What we haven’t seen yet is a targeted entrepreneurial/startup contest for social entrepreneurship. Kids, that want to make a difference.
That’s the theme behind Ernst & Young, and Biz Kids “Build Your Social Biz” contest.
BizKids has put out a call for social kidtrepreneurs to submit their plans for a business that will help the community. While the ideas will most likely be plentiful and abstract Biz Kids reminds interested kids that a social business or “biz” can be anything from a dog walking business to selling cookies. They warn though, that they are looking for a social business not just “fundraising” projects.
There are five cash prizes up for grabs. The grand prize winner will receive $3,000 in cash for their social business along with a mentor from Ernst & Young. The runner up will receive $1,500 along with mentorship from Ernst & Young. There are three “honorable mention” prizes of $500 cash and each also gets a mentor from Ernst & Young.
Participants fill out the online entry form on www.bizkids.com then upload a one-minute video pitch on why their project should win. Entries will not be judged by the quality of the video but by the presentation of the vision for their social enterprise.
Entries are due December 31, 2012. A panel of judges will cull the top five entrants, and the names will be posted on the Biz Kid$ website by mid-February. The winner will be chosen by popular vote, which will take place over four weeks. Winner will be announced by the end of March. First place will win $3,000 and a lunch with a special guest; runner up will win $1,500; and three honorable mentions will win $500 each. All finalists will be paired with an expert mentor chosen to fit the nature of their business.