TiE Young Entrepreneurs (TYE)

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TiE Young Entrepreneurs (TYE)

About Tye

TiE conducts TYE (TiE Young Entrepreneur), a global program for school students of classes 9 – 12, aimed at fostering our future generation of entrepreneurs. Through this program, TiE is fostering Entrepreneurship and Leadership among the youth at an early age. The classes are conducted by professionals and successful entrepreneurs, followed by students brainstorming a business idea and preparing a business plan. Each team is assigned a senior industry leader as a mentor. TYE focuses on teaching entrepreneurship to high school students and helping them discover the rewards and challenges of becoming an entrepreneur.

During the program, the students form teams, go through classroom session modules focused on different aspects of business and entrepreneurship, and then write their own business plans.

TYE has become a Global Program and now over 20 chapters throughout the TiE network participate each year. The TiE Young Entrepreneur (TYE) Program is a program where students learn about entrepreneurship, ideation and business basics, over the course of the school year.

The TYE Program involves local entrepreneurs, business professionals, parents, youth, coaches, and mentors. By coaching hundreds of students in this Global program, TiE is proud of its impact towards “Education” and “Mentoring”.

Benefits

Each TiE young entrepreneur has the opportunity to

Startup

Build a real startup with a team

Participate

Participate in a rigorous business curriculum

Develop

Develop confidence and leadership skills

Learn

Learn direclty from startup founders and industry experts

Collaborate

Collaborate with other students passionate about STEM

Connect

Connect with a dedicated mentor who will coach their team

Workshops

Participate in Global workshops

Funding

Complete for more than $10k in cash prizes.

Students learn about Design Thinking, which provides a solution-based approach to solving problems. It's extremely useful in tackling complex problems that are ill-defined or unknown, by understanding the human needs involved, re-framing the problem in human-centric ways, creating many ideas in brainstorming sessions, and adopting a hands-on approach in prototyping and testing.

The lean canvas model is a business model template that allows you to organize your business plan logically. Typically used for startups, the lean canvas business model has 9 building blocks: Unique Value Proposition, Unfair advantage, Channels, Customer Segmentation, Problem, Solution, Key Metrics, Cost Structure, and Revenue Streams.

PHASE 1:

The TYE Program has been preparing the next generation of young leaders for over 15 years. The program has impacted over 15,000 high school students from 25 chapters around the world. It provides a stepping stone for students to develop a growth mindset and experience the startup world.

Phase 1 Workshop Topics:

Introduction to Entrepreneurship
What is entrepreneurship, what to expect from the journey and what tools to help you along the way?
Bugs and Passion
Identify things that are bothersome (bugs) and connect them with your passions.
Customer Empathy and Design Thinking
What is Design Thinking, why it is important and how to use it to solve a "bug".
Rapid Prototyping
What is Rapid Prototyping, why it is important and how to research and validate an idea.
Skills Assessment & Team Building
Access skills and identify skills needed to create a successful team.
Startup Math
How companies acquire revenue.
Lean Canvas
What is a lean canvas, why it is important and how it is used?
Presentation Skills

PHASE 2:

Implement the skills learned in Phase 2 to create products or services that can be turned into business ventures. Students hone in on their presentation skills and develop prototypes to compete in the Regional and Global Competitions.

During these sessions, the teams will formalize their business concepts, validate their products and/or services and create a prototype with help from experienced mentors. They will also work on putting together presentations that describe their concepts in great detail.

Phase 2 Workshop Topics:

Team Contracts & Roles and Expectations
Design Thinking & Product Market Fit
Customer Interviews/Validation
Minimum Viable Product (MVP) & Product Development
Business & Financial Modeling
Tying It All Together & Storytelling
Presentation Practice

PHASE 3:

The winning team from the regional competition will get the opportunity to compete in the TiE Young Entrepreneurs Global Competition. Phase 3 workshops will be dedicated to getting the team prepared for the Global Competition.