Academy for Young Entrepreneurs

The Need

Traditional education in Australia is struggling to maintain student engagement and prepare young people to be active and resilient citizens. Approximately, 1 in 15 year 5 students do not meet the basic benchmark for literacy and numeracy. For Indigenous students this is significantly higher at 1 in 4.

A lack of school-based programs that value children as innovators, change-makers and entrepreneurs contributes to low levels of financial and business literacy and a limited understanding of diverse vocational pathways.

The Solution

The Academy for Young Entrepreneurs (AYE) enables Australian primary school students in years 5 and 6 (typically 10 to 12 years of age) to dream, invent and change their world by creating micro businesses that support children in developing nations to go to school.

Through the support of trainers and mentors, children learn how to take an idea and turn it into a successful micro-business. Ideas are conceived by the young entrepreneurs, tested for viability, and simple business plans developed and pitched.

Delivered over a school term, the program modules (aligned to National Curriculum and the Business Model Canvas) are highly engaging and enhance financial and business literacy. Layered with concepts of citizenship and philanthropy, nett profits are disbursed to child and education focused international development projects, as identified by the local program partners.

Having delivered two successful pilot programs in 2011 and 2012 we are in the process of developing a comprehensive training package and delivery model that can be licensed by community organisations in partnership with their local school and local businesses.

AYE addresses needs in the areas of:

  • Literacy and Numeracy
  • Alternative and personalised learning pathways
  • Citizenship, Philanthropy and Social Justice
  • Community and Business Partnerships