EACH TiE YOUNG ENTREPRENEUR HAS THE OPPORTUNITY TO:
Build a real startup with a team
Participate in a rigorous business curriculum
Develop confidence and leadership skills
Learn directly from startup founders and industry experts
Collaborate with other students passionate about STEM
Connect with a dedicated mentor who will coach their team
Participate in Global workshops
Compete for $15k in cash prizes or seed funding at the TYE Global Competition
TYE Global recommends a Course Curriculum that spans the 9 months, from September to April of the next year (check with your local chapter for the specific dates). The Curriculum incorporates both theory and practical aspects of learning about entrepreneurship. It culminates with an International Startup Competition at the end of the school year, in June.
The curriculum in based on the Lean canvas method. Lean startup is a methodology for developing businesses and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning.
Students learn about Design Thinking, which provides a solution-based approach to solving problems. It’s extremely useful in tackling complex problems that are ill-defined or unknown, by understanding the human needs involved, by re-framing the problem in human-centric ways, by creating many ideas in brainstorming sessions, and by adopting a hands-on approach in prototyping and testing.
The lean canvas model is a business model template that allows you to organize your business plan in a logical way. Typically used for startups, the lean canvas business model has 9 building blocks: Unique Value Proposition, Unfair advantage, Channels, Customer Segmentation, Problem, Solution, Key Metrics, Cost Structure, and Revenue Streams.
“Startup success can be engineered by following the process, which means it can be learned, which means it can be taught.”
– Eric Ries
The program starts with 8 sessions on Entrepreneurship and Leadership. The students then brainstorm an idea and prepare for a Business Plan Competition under the guidance of an expert mentor. Teams first compete at the regional level, and the winning team gets the opportunity to compete in TYE Global Finals for cash prizes and recognition.
The first part of the program is focused on the professional development of each participant. By starting with the development of the individual before the on-going development of the companies, each participant is able to nurture a professional persona that they can leverage during the program.
These topics include:
- Professional Communication
- Creating a LinkedIn profile
- Conducting an informational interview
- Building a professional network
The program then enters a stage where participants pitch ideas, form teams and build companies. By leveraging the experiential learning environment created by building a company, participants grow their professional competencies while also taking and idea and creating a viable startup. The finalized curriculum and dates for each cycle is announced at the beginning of the program year and past topics have included:
What is a Good Business Opportunity?
- Design Thinking
- Customer Validation
- The Art of the Perfect Pitch
The TYE Program has been preparing the next generation of young leaders for over 15 years. The program has impacted over 15,000 high school children from 25 chapters around the world. It provides a stepping stone for students to develop a growth mindset and experience the startup world.
Phase 1 Workshop Topics:
- Introduction to Entrepreneurship
- What is entrepreneurship, what to expect from the journey and tools to help you along the way.
- Bugs and Passion
- Identify things that are bothersome (bugs) and connect them with your passions.
- Customer Empathy and Design Thinking
- What is Design Thinking, why it is important and how to use it to solve a “bug”.
- Rapid Prototyping
- What is Rapid Prototyping, why it is important and how to research and validate an idea.
- Skills Assessment & Team Building
- Access skills and identify skills needed to create a successful team.
- Startup Math
- How companies acquire revenue.
- Lean Canvas
- What is a lean canvas, why it is important and how it is used.
- Presentation Skills
Implement the skills learned in Phase 2 to create products or services that can be turned into business ventures. Students hone-in on their presentation skills and develop prototypes to compete in the Regional and Global Competitions.
During these sessions, the teams will formalize their business concepts, validate their products and/or services and create a prototype with help from experienced mentors. They will also work on putting together presentations that describe their concepts in great detail.
Phase 2 Workshop Topics:
- Team Contracts & Roles and Expectations
- Design Thinking & Product Market Fit
- Customer Interviews/Validation
- Minimum Viable Product (MVP) & Product Development
- Business & Financial Modeling
- Tying It All Together & Storytelling
- Presentation Practice
The winning team from the regional competition will get the opportunity to compete in the TiE Young Entrepreneurs Global Competition. Phase 3 workshops will be dedicated to getting the team prepared.
HOW IT BENEFITS TEENAGE YOUTH
- Sparks creativity
- Builds children’s confidence
- Increases problem solving skills
- Teaches them to work effectively as a Team
- Hands-on learning about Startup concepts like – Lean canvas thinking, design thinking, customer discovery, product-market fit
Along the way, students are matched with curated mentors from the TiE Network to assist them on their journey!
MILLENNIALS CONNECT WITH MENTORS
- Professors from leading universities and colleges teach the kids
- Experienced Professionals and Innovators at Accelerators and VCs give an real-life perspective of startups
- Sought-after Speakers and Mentors from Reputed companies are invited to speak to the kids
As part of the TYE program, students receive complimentary TiE membership for one year.