SOURCE: National Foundation for Teaching Entrepreneurship

February 07, 2007 09:30 ET

From Retail to New Product Innovations, Teens Making an Impact in Starting New Businesses

Young Biz Builders Participate in Entrepreneurship Expo

NEW YORK, NY -- (MARKET WIRE) -- February 7, 2007 --

EVENT: Retail, fashion accessories and companies built around new product innovations are among the student business ideas to be featured at The Goldman Sachs Foundation Youth Entrepreneurship Expo, to be held on March 1, 2007, from 4:30 p.m. - 7:00 p.m., at Goldman, Sachs & Co. in New York City. A select group of talented students from around the country who have excelled in entrepreneurship education programs offered by some of the nation's top non-profit organizations will showcase their businesses in the annual exposition.

The Expo concludes months of diligent and creative work by hundreds of students in entrepreneurship competitions. The students represent the "best of the best" from organizations serving high potential as well as low income and underrepresented youth, including the National Foundation for Teaching Entrepreneurship, the Next Generation Venture Fund, Prep for Prep, Sponsors for Educational Opportunity, and A Better Chance.

Students will showcase their business ventures in Expo booths. Student businesses will be evaluated on different competition criteria by a team of Goldman Sachs executives. Top competitors will be awarded cash prizes ranging from $250 to $1,000.

WHY: The Expo comes at a time when interest among young people in owning and operating a small business is growing. A series of Gallup Polls found that nearly seven out of 10 youth (aged 14-19) were interested in becoming entrepreneurs.

Furthermore, compelling evidence from researchers at Harvard University indicates that youth who are taught about entrepreneurship show a positive change in attitude and strong success orientation, and are more likely to be focused on academic and professional achievements and aspirations and leadership.

DATE: Thursday, March 1, 2007

TIME: 4:30 - 7:00 p.m. -- Students will set up their Expo booths at 2 p.m.

LOCATION: Ricker Auditorium, Goldman Sachs, 180 Maiden Lane, NYC, 2nd Floor

Contact Information

    Tom Phillips
    Communication Partners
    Email Contact