Young Entrepreneurs Program

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Young Entrepreneurs Program

 

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Established as a result of the passage of HEA 1251 in 2011, the Young Entrepreneurs Program assists young entrepreneurs in making their business plans become a reality in Indiana. The Indiana Small Business Development Center (ISBDC), in partnership with the Office of Community and Rural Affairs (OCRA) and the Indiana Economic Development Corporation (IEDC), works with local and regional communities to provide incentives to the college-aged entrepreneurs who dream of owning their own business. These incentives can include but are not limited to: free rent, grants, loans, utility support, etc. in exchange for the Young Entrepreneur agreeing 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.

Event Details

We have decided to take the program in an ongoing and digital direction and have therefore cancelled the Thursday, April 17th Expo.

Please note that we will still be submitting business plans of participants to interested communities and working to facilitate communication to the entrepreneurs they are interested in pursuing through the program.

This programmatic pivot will allow us to better serve the goals of the program and work with entrepreneurs and communities more directly to form the right relationships. We will continue to offer workshops both virtually and in-person to participate in and will facilitate networking opportunities for the entrepreneurs and communities alike. More details to come.

For information on the Young Entrepreneurs Program, contact Noelle Dunckel, Program Coordinator, at 317-232-0160 or ndunckel@isbdc.org . The Young Entrepreneurs Program is presented by the ISBDC, in partnership with OCRA and the IEDC.

Selection Process

Participants will be required to submit business plans to the ISBDC for consideration in the program. Once approved, the participants will have an opportunity to attend a pre-event workshop in their area where coaching and feedback will be given by community leaders and business professors. 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

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 »