A stipend is provided to sponsor faculty leaders for student entrepreneur clubs at each DeKalb County high school. Clubs will meet regularly during the school year to establish a school-based youth entrepreneur community and help LaunchTank competitors prepare for competition. Learning Link will help schools and students connect with mentors from the local and regional business community.
Round 1: School Level
First, each school will hold its own internal competition (if required). The top two student businesses from each school will advance to Round Two. All competitors will receive feedback and be encouraged to continue building their dream.
Round 2: County Level
In April 2019, the top businesses from each school will compete at LaunchTank. The teams will have had two additional months to polish their business plans and pitches and gain more traction for their businesses. The top three businesses will receive scholarships to local colleges and universities, connection with a mentor, and a bundle of services and products from local businesses. All will receive additional constructive feedback.
Student business teams will compete by submitting a business plan and pitching their plan to a panel of judges. The competition will favor real businesses that the student teams intend to launch or have launched. The criteria for winning the competition will be consistent with that used by investors.
Product Market Fit
Are customers willing to pay for what the business is making?
Does the business’ team have what it takes to launch and operate the business?
Can the business be started for a reasonable amount and make a good profit?
Can the team articulate the business’ vision and story to give investors confidence?