Youth Entrepreneurship Competition
FREQUENTLY ASKED QUESTIONS
Who is eligible to apply?
Applicants must meet of the following criteria:
- High school seniors of participating high school districts.
- Must plan to enter an accredited, two- or four-year university, college or vocational/technical institute for the next full academic year or upon high school graduation.
- Must have an GPA of 2.5 (of 4) or higher.
- Must have parent’s signed consent to participate in the program
- Must be able to attend consecutive days at their local selected University.
- Must be able to attend the awards ceremony.
When can I apply?
- Please check your application for dates.
How do I get an application?
- Go to http://www.futureboss.org/ Note: Incomplete applications will not be considered and will not be returned.
What are the details of the awards?
- One First Place Entrepreneurship Award is an educational grant plus an iPad tablet.
- One Second Place Youth Entrepreneurship Award is an educational grant plus an iPad tablet.
- One Third Place Youth Entrepreneurship Award is an iPad tablet.
- All grants must be used in the preceding academic year.
- The grants will be provided to students to utilize for tuition, fees, books, and supplies required for course load.
- Funds must be used for full-time enrollment at accredited, two or four-year colleges/universities in the United States.
- A student may transfer from one academic institution to another and retain the award.
What are the selection criteria?
- An impartial selection committees will be responsible for selecting the participants.
- Regional Diversity within Low Income Neighborhoods will be considered.
- In evaluating applicants as participants, each applicant’s extracurricular activities, leadership activities, and small business experience will be evaluated.
- In selecting participants, the Selection Committee will consider each applicant’s academic record, extracurricular activities, leadership activities, video and essay content. Evidence of entrepreneurial spirit and initiative will be heavily weighted.
- Decisions of the selection committees are final and are not subject to appeal.
How do I know if I was selected?
- You will be emailed with instructions and will require to acknowledge the acceptance in participation. Note: Information regarding how to contact the Youth Entrepreneurship Program member and further details will be provided with participants notification.
How do I upload my 30 second video?
- Record a 30 second video with your phone or camera.
- Save the video file as an mp4 file in you PC.
- Rename the file as your first, last name and high school. example (mike_lopez_sweetwater.mp4)
- Complete the online application form by uploading the video file.
How do I make changes to my application?
- Once your application has been submitted you many not make any changes.
What are my responsibilities as an award recipient?
- Enroll as an undergraduate in the fall of the year in which the grants are awarded.
- Continue in school the entire academic year without interruption unless approved by sponsor.
- Deliver your funds and/or check(s) to the proper office at your institution.
- Keep in touch with the program administrator one time per semester.
How and when are checks issued?
- Checks will be mailed to each recipient’s mailing address.
- Checks will be made payable to the student.
- Checks will be issued in first week of September of the year or preceding year in which the grants are awarded.
How and when will I receive notification?
- Participant notifications are sent approximately two weeks past the application deadline.
- Participant notifications will be sent by e-mail. Note: Be certain to provide us with your most current e-mail address.
- Winners will be announced at the Awards Event.
Are grants taxable?
- In the United States, grants funds used exclusively for the payment of tuition or textbooks are normally not taxable. The scholarship recipient is responsible for taxes, if any, that may be assessed against your granted award. We recommend consulting your tax adviser for more guidance.
Who is eligible to receive the awards?
- Youth Entrepreneurship Awards are open to any graduating high school senior or junior. Additionally, the student must enter their freshman year at an accredited two- or four-year university, college or vocational/technical institute during the Fall of the preceding or graduating year. Children of employees, committees or volunteers associated with this event are not eligible to win awards.
How do students apply for the Youth Entrepreneurship Competition?
- Students are encouraged to apply online at http://www.futureboss.org/.
What happens after the application deadline?
- A selection committee will pick a group of qualified participants. These participants will be informed of their selection via email.
What is required of a participant?
- Once a participant is notified, they will have one week, to confirm their participation. Participants under the age of 18 MUST obtain the signed parent consent to participate in the contest.
How many students will receive the Youth Entrepreneurship Awards?
- Approximately three students will receive one of the Youth Entrepreneurship Awards. All students will receive a certificate of completion.
How are the applicants selected?
The Youth Entrepreneurship Program is developed and administered by the California Foundation Fund. This assures complete impartiality in the selection of recipients and maintains a high level of professionalism in dealing with students, parents, high schools and colleges. The selection committee will consider the applicants’ academic records, extracurricular activities, leadership, and character. Evidence of entrepreneurial spirit and initiative in running their business will be heavily weighted. Financial need is not a factor.
When are students selected/notified?
- A group of 30 participants will be selected to accept and submit their required materials. Participants will be notified of their selection no earlier than two weeks prior to the competition.
What qualities should be identified in an applicant?
- The competition’s goal is to identify bright, articulate, enterprising students who are interested in continuing their education and further developing their interests/skills in running their own business. Our hope is that these students might consider becoming future leaders, and using their entrepreneurial skills to promote the benefits of the free enterprise system.
How does a student win?
- An independent judging panel, comprised of community and business leaders, will be responsible for judging the students’ business plans and selecting the contest winners.
If awarded, how and when are awards issued?
- Scholarship checks are issued on or around the first week of September. All other awards will be given at the closing ceremony.