Young Entrepreneurs Program

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Young Entrepreneurs Program

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The Young Entrepreneurs Program assists entrepreneurs in seamlessly transitioning from college student to small business owner. The Office of Small Business and Entrepreneurship (OSBE) works with local and regional communities to provide incentives to the college-aged entrepreneurs who are passionate about owning their own business. In exchange, young entrepreneurs agree to locate their start-up business within the community. Qualified participants must be enrolled in an educational institution located in the state of Indiana or graduated from an educational institution located in the state of Indiana within the last three years.

 

Community incentives can include but are not limited to:

  • Free or reduced rent
  • Loan and/or grant opportunities
  • Utility support
  • Legal services
  • Marketing services
  • Much more

The Young Entrepreneurs Program was established as a result of HEA 1251.

Check out how young entrepreneurs are impacting the city of Huntingburg.

Selection Process

Participants are asked to submit business plans for consideration in the program. Once approved, the participants will have access to resources like business consulting at no cost, a network of like-minded individuals, and the opportunity to connect with communities throughout Indiana looking to bring new businesses into their area. Business plans should include the following:

  • 1-2 Page executive summary
  • Product description
  • Development roadmap
  • Market analysis
  • Profile of targeted customers
  • Competition / Competitors
  • Competitive advantage
  • Business model
  • Revenue model
  • Pricing
  • Sales and distribution model
  • Financial analysis
  • Capital needs
  • Anticipated cash flows
  • Job descriptions
  • Targeted workforce
  • Applicant’s contact information
  • Startup needs
  • Preferred community placement
  • Timeline for implementation

Young Entrepreneur Community Field Guide

This Young Entrepreneur Community Field Guide is intended to be a companion, a guide, for communities that want to participate in the Young Entrepreneur Program. This field guide is intended to provide guidance and to provoke thought and discussion for community leaders who want to actively recruit young entrepreneurs through the YEP program.

In High School or Middle School?

Do you know a middle or high school student in central Indiana who’s interested in starting their path toward entrepreneurship? Perhaps they are a candidate for the Young Entrepreneurs Academy presented by the National Association of Women Business Owners.

Interested in Partnering with the ISBDC? Find out more »