The Academy for Young Entrepreneurs (AYE) enables children (primarily 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.
Delivered over a single school term, AYE is a highly engaging, fun and comprehensive learning program that empowers children to activate and develop their ideas, skills and confidence.
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 are developed and pitched. The young entrepreneurs are then supported to develop and run their micro-businesses.
Underpinned by concepts of citizenship and philanthropy, nett profits are disbursed directly to child and education focused international development projects, as identified by the local program delivery partners.
- Conceive, develop and run a micro-business
- Develop financial and business literacy skills
- Demonstrate an understanding of global citizenship and some of the challenges faced by children in developing nations
- Continue to apply and grow their passion for creativity, innovation, and social entrepreneurship
Through the support of a National Program Team, AYE equips organisations and/or schools to run this engaging and comprehensive learning program in their own community.
Read more about being a community delivery partner here.
The Learning Modules
Each module includes an animated video that introduces the concept being covered by that module. The videos are designed by a leading and awarded animator and produced by a team that develops documentary and children’s television product for ABC2 and SBS/NITV. Here’s a sample of the video for learning module – “Change Your World”.
Each module and associated business planning and practical activities are contained in an engaging workbook. Facilitators and mentors also have a workbook that informs and guides each workshop / session.
The program techniques, videos and learning materials present the content in such a way that children can understand and actively engage with the key learning concepts. AYE teaches children financial, business and entrepreneurial practices and terms that will directly translate into the business world and lifelong learning.
“Problem To Solve” – The Purpose of Enterprise
“Who We Help” – Customer Segments
“The Best Solutions” – Value Proposition
“How To Reach” – Channels
“How To Value” – Customer Relationships
Module 6 – The 4 Keys
“What We Need” – Key Resources
“Who We Need” – Key Partnerships
“Things To Do” – Key Activities
“What Could Go Wrong” – Key Risks
Module 7 – Money In, Money Out
“Amount To Charge” – Revenue Streams
“What’s The Cost” – Cost Structure
“Change Your World” – Social Impact
Generally conducted 2 hours per week (plus business operation time) over a 10-week school term, AYE is structured to encourage volunteer mentor engagement. The maximum ratio of mentors to young entrepreneurs is 1:5, however a lower ratio of 1:3 is preferred. Each week involves a combination of team-building activities, video and workbook activities and hands-on business development activities.
Below is a basic outline of the weekly program structure:
Modules 1 & 2
Modules 3, 4 & 5
Modules 6, 7 & 8
Business Plan development
Graduation / Celebration