The Network for Teaching Entrepreneurship (NFTE) ended a successful BizCamp for student entrepreneurs on Aug. 4.
For two weeks, teenagers created business ideas, complete with business plans. At the conclusion of camp, students presented their business plans to a panel of judges in a competition to win capital funding for their projects and to further their educational goals.
The camp also focused on developing their entrepreneurial mindset, with focus on recognizing opportunities and overcoming obstacles. BizCamp covers a myriad of topics including return on investment, supply and demand, opportunity recognition and marketing. They had an opportunity to learn from guest speakers and entrepreneurs at their workplace.
The Network for Teaching Entrepreneurship (NFTE) is an international nonprofit that activates the entrepreneurial mindset in young people and builds their knowledge about business startup.
NFTE BizCamps are offered free of charge to students, ages 13 to 18, from under-resourced communities. Citi Foundation is the Newark community partner, and BizCamp is sponsored by Rutgers University and the MCJ Amelior Foundation.