News
Jesse Chianelli to compete for $10,000 in NFTE National Youth Entrepreneurship Challenge
By Press Release
Sep 26, 2008 - 1:01 PM

National Business Plan Competition to be Held October 23, 2008 in NYC

Jesse Chianelli will join more than thirty of the top finishers from The National Foundation for Teaching Entrepreneurship (NFTE)’s regional high school business plan competitions to vie for the top prize in this year’s NFTE National Youth Entrepreneurship Challenge, Presented by Kathryn W. Davis, on Thursday, October 23rd at the Marriott Marquis, 1535 Broadway, in New York City. The first place winner will walk away with $10,000 in seed capital to fund their business venture or use to further their education goals. Jesse Chianelli, a recent Stamford High School graduate will represent Connecticut.

The students will all present their business plans detailing a market and competitive analysis, an annual income statement with a breakdown of cost of goods sold, a computation of return on sales and investment, along with a civic-minded philanthropy plan and an actual prototype of their product or service, before a group of judges including but not limited to:

David Fialkow, Founder, General Catalyst

Wyc Grousbeck, Owner, Boston Celtics

Kay Koplovitz, Founder USA Network

Ralph Schlosstein, Co-Founder, BlackRock

Tom Scott, Co-Founder, Nantucket Nectars

From phone recharging vending machines, to custom video production, to personalized poetry, to a photosensitive football helmet visor, these students work with their teachers and a group of mentors all year long to develop revenue generating businesses. They will have the opportunity to showcase their business savvy at this year’s annual competition before the prestigious panel of judges.

A leader for 20 years in its field, NFTE provides students in low-income communities with hands-on training in how to launch their own businesses. Through the process, students begin to see the relevance of learning math and reading as real-life essentials. 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. NFTE’s goal is to give young people the skills and confidence to unlock their true potential, so they find their own pathways to prosperity.

The National Foundation for Teaching Entrepreneurship

The National Foundation for Teaching Entrepreneurship (NFTE, pronounced “nifty”) provides entrepreneurship education programs to young people from low-income communities. Our vision is that every young person will find a pathway to prosperity. Since 1987, NFTE has worked with nearly 232,000 young people. NFTE currently operates programs in 22 states and 13 countries outside the U.S., and has over 1,300 active Certified Entrepreneurship Teachers. For more information, visit www.nfte.com.

About NFTE Fairchester

The National Foundation for Teaching Entrepreneurship (www.nfte.com) is a 501(c)(3) non-profit organization, whose mission is to provide entrepreneurship education programs to young people from low-income communities.

The NFTE Fairchester program office was launched in 1999 in order to provide entrepreneurship training to the low-income young people of Westchester and Fairfield Counties. NFTE Fairchester has grown the number of students served by 30% or more in each of the years since the division was established. In its most recent fiscal year, NFTE Fairchester served 1,403 students at 20 sites. For the current school year, 2007-2008, NFTE Fairchester is anticipating growth of near 15%, increasing the number of students served to approximately 1,600.

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