SOURCE: NFTE

Network for Teaching Entrepreneurship (NFTE)

February 02, 2010 11:01 ET

DC-Area Teenage Entrepreneurs' Focus, Commitment and Passion Impress Local Business Leaders During NFTE's Regional Business Plan Competition

Prince William County High School Student Wins $1,500 of Capital to Grow Business

WASHINGTON, DC--(Marketwire - February 2, 2010) - Nina Maniphak, a senior from Gar-Field Senior High School in Woodbridge, VA, will be getting much more "exposure" than usual these days, since she captured top honors during the Network for Teaching Entrepreneurship, Greater Washington, DC's (NFTE-GW) 30th semi-annual Regional Final Business Plan Competition.

Nina's business plan for her start-up, Plum Porcupine Photography, edged out her five other teenage entrepreneurial peers to win first place -- a $1,500 cash prize of seed capital investment to jump start her business. Nina, age 18, was the only female out of six DC-area students presenting and defending business plans before a panel of 12 local business/community leaders during the January 28th regional competition.

NFTE, a nonprofit organization that teaches entrepreneurship and business skills to high school students from low-income communities, holds this competition at the end of each school semester as the culmination of its 80-hour "Mini-MBA" entrepreneurship curriculum. Throughout the year, NFTE provides school-based and after-school programs to teach youth from low-income communities how to start and operate their own businesses. At the end of each semester, all students are required to write a business plan, and they participate in an "In-class Business Plan Competition." Those winning students go on to compete first in the Semifinals, then regional competition, where the top six finalists compete to win $150 to $1,500 in seed capital investment.

The other teen entrepreneur winners were:

Second Place Winner -- $750
Kenneth Peters, Jr., KenE's Production (composing/ production),
 Duke Ellington School of the Arts (DC)

Third Place -- $500
Andre Robinson, Klassic Kernels (gourmet popcorn),
 Gar-Field Senior High School (Woodbridge)

Runners-Up -- $150
Alexander Mallory, M.O. A. Styles (fashion),
 Croom Vocational High School (Cheltenham)
Francisco Claros, Art-Of-Fliction (gothic T-shirts),
 Northwestern High School (Hyattsville)
Abhishek Dohare, ABCO (bicycle repair),
 Gar-Field Senior High School (Woodbridge)

As depicted in the recently-released film, "Ten9Eight - Shoot for the Moon," winners of NFTE's regional business plan competition are eligible to compete nationally for up to $10,000 in New York City.

Recently, NFTE received more notoriety as respected New York Times columnist and best-selling author Thomas L. Friedman singled out NFTE for its good work and encouraged President Obama to use the NFTE program in high schools to inspire America's youth in his January 23 Op-Ed.

"Students in schools are looking for real-life skills and to be more engaged in learning; many youth feel bored in education as they do not see the relevancy of what they are learning to their lives. In a time of economic turmoil and unemployment, it is crucial that we prepare kids to make it in the market economy with an entrepreneurial mindset and key financial literacy skills," said Julie Silard Kantor, Executive Director of NFTE-Greater Washington.

NFTE's mission is to teach entrepreneurship education programs to young people from low-income communities. Since 1987, NFTE has reached over 280,000 youth.

Contact Information

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