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CIE Sponsors Camp BizSmart 2010
Inspiring Young Entrepreneurs
Santa Clara University, CA August 2-13, 2010
About the Program
This summer, universities in the US hosted the annual Camp BizSmart, an innovative leadership academy. This energizing two-week immersion in economic entrepreneurship education principles and practices allowed students ages 11-15 to join in exploring real world business concepts, from leadership and critical thinking to concept design and cost analysis. Together, the sharp young minds learned to compete in a global economy and developed the skills needed to launch a venture.
Each day of the week, the students are mentored and educated on various business-related topics, allowing for the development of critical real-world business and personal skills. They work on their own authentic inventions addressing a real business problem provided by successful top company CEOs. The students are mentored by Silicon Valley business leaders from companies including Google, Apple, and Cisco as coaches, judges, and topic leaders. Inventors from the creative services firm WAGIC, the special effects creators of Transformers and Ironman, also work with the students to build original prototypes of their solutions.
Camp BizSmart also presents an especially wonderful opportunity for team-building, as groups of students team up to collaboratively create a business plan and pitch their idea to venture capitalists, entrepreneurs, and potential investors among other competing teams. These teams compete in one of the three regional "Tweenpreneurs of the Year" competitions, and the winners go on for a final round at Microsoft.
A challenging and intense experience, everyone was left inspired, rewarded, and ecstatic!
Santa Clara University Session
This past August, Santa Clara University was proud to host the annual Camp BizSmart, a once-in-a-lifetime experience for burgeoning young entrepreneurs. Santa Clara's camp of 35 middle school-aged students comprised teams who took on two major issues facing our country today: energy efficiency and childhood obesity. These teams focused on tracking and reducing the use of resources and obesity in today's youth, and had to come up with a solution to the business problems they were presented in just ten days. Companies who provided these specific problems were Tigo Energy and Hara, who focus on energy efficiency solutions, and Hope Lab and Club One Fitness, who focus on health and fitness solutions.
Also unique to the SCU Camp BizSmart session was the connection of students not only in California and Hawaii, but around the world. Fostering diversity and using the advantages of globalization, the SCU teams had the opportunity to connect with entrepreneurial students from the Indian School for Business' Butterfly Fields program in Hyderabad, India through Skype. This universal experience allowed students to share their creative business solutions across borders while listening to creative ideas presented by different students working toward the same goal.
To help guide the teams in their education and skill-building along the way, the SCU Camp BizSmart session was fueled by several other students as well, including interns, leaders in training, and team facilitators. One of the team facilitators, SCU student Angelique Parsons, shared,
Thank you to everyone involved with Camp BizSmart 2010!
Congratulations 2010 Tweenpreneurs of the Year
Team Hara 2 from Santa Clara University won the final competition of Camp BizSmart 2010 Tweenpreneurs of the Year! At the Microsoft executive conference center, the Hara 2 students pitched against fellow SCU teams as well as teams from Stanford University and the Punahou and Iolani Schools in Oahu, Hawaii. Their venture tackled Hara's request to create an iPad application aimed at helping Fortune 500 businesses conserve their resources in order to save money and be more energy-efficient. Designers from WAGIC met with the students and created a rendering of their proposed product, which they used while pitching at the Biz Plan Competition. On September 2, Hara's co-founders, Amit Chatterjee and Udo Waibel, invited the honorary winners to present and discuss their business solution with the executive team of Hara, and may possibly take steps to execute their idea. Representatives from one of Hara's client companies believed the team's product was practical, interesting, and feasible to develop.
Hara 2 Team Members:
The second place winner and judges choice award for "Most Innovative Idea Ready to Go to Market" went to Santa Clara University's own Hope Lab 1 team! The team was challenged by Hope Lab to reduce childhood obesity so that the students ages 11-14 would be motivated to become active and healthy for a lifetime. Team Hope Lab 1 tested, evaluated, and improved on a prototype of an activity tracker named Zamzee, which aims to effectively engage tweens and provide incentives to encourage them to stay active.
Hope Lab 1 Team Members:
Thank you to the judges and panelists for the final Biz Plan Competition!