Business

No limits for next generation of entrepreneurs

Image supplied by the City of Sydney

Primary school kids and would-be teenage tycoons will soon have the chance to showcase their start-up business ideas at workshops designed to support budding entrepreneurs.

Backed by the City of Sydney as part of the 2017 October Startup Sydney Festival, Initiate 48 will teach teenage students how to build a real business, connect them with industry leaders, investors and fellow young entrepreneurs in just 48 hours.

For the first time a two hour workshop will be held for primary school students aged five to 14. Generation Entrepreneur: Kid’s Business Workshop will offer educational workshops, hands-on activities and an opportunity to showcase ideas to judges as part of October 2017’s Startup Sydney Festival.

Initiate 48 and the kids’ business workshop will be run by Generation Entrepreneur, a not-for-profit organisation that was itself founded by two high school students in 2014 because they wanted to encourage an entrepreneurial spirit among their peers.

Lord Moore Clover Moore said it’s terrific to see a program that will give Sydney’s youngest and brightest the opportunity to develop their business ideas.

“Sydney has developed a global reputation for supporting innovation and we are excited to support a program that will offer this to young people,” the Lord Mayor said.

“Generation Entrepreneur events and the Spark Festival will help us build the skilled and connected community we need to make that happen.”

Mateo Baskaran, from Redfern, and Oliver Martin, from Glebe, are among more than 1,400 high school students who took part in a recent Initiate 48 ‘hackathon’. At just 13, they are the youngest students to attend an Initiate event.

The two Fort Street High School students were part of a team who successfully pitched a tech startup businesses – creating audio textbooks for schools.

“Before doing the course I didn’t think launching my own business was an option, but now I do. Doing the workshop has really expanded my horizons,” Oliver said.

School friend Mateo agreed: “Now the idea of running my own business appeals to me as a possible career path. Before I thought it wasn’t possible because it would be too difficult and I wouldn’t have known where to begin.

“Another thing I came away with is that there really are no limits – it’s about being creative and knowing that there’s nothing you can’t do, which is a great lesson.”

The City has awarded Generation Entrepreneur a $10,000 grant to deliver four workshops during 2017 aimed at high school students.

Jack Leung is a 19-year-old university student and the managing director of Generation Entrepreneur. He says Initiate 48 aims to empower and support teenagers keen to become entrepreneurs.

“There is a new generation adapting to technologies that are emerging in the business landscape. We need to empower high school students to do it for themselves and define their own destiny by creating and launching their own businesses,” Jack said.

“The workshop for primary school children is a tester event to see how receptive younger kids are to an idea like this. If we don’t try, we won’t know. The emphasis of the event will be fun, but it will also open their eyes to how technology can benefit their communities.”

Initiate 48 – Build Your Very Own Startup
Friday 20 October to Sunday 22 Oct 2017
Fishburners, 608 Harris St, Ultimo
Final Presentations at the Sydney School of Entrepreneurship
Tickets: $45–$60

Generation Entrepreneur: Kid’s Business Workshop
Saturday 14 October 2017, 3pm to 5pm
Sydney Town Hall, Lord Mayors Reception Room
Cost: $10
For information on the events, visit the Generation Entrepreneur website

Source: City of Sydney

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