Charleston Entrepreneur Wins First Place and $10,000 Grand Prize in Nation’s Top Student Entrepreneurship Competition

YEScarolina student entrepreneurs competed at NFTE National Youth Entrepreneurship Challenge, presented by the Citi Foundation,  in New York City on October 12, 2017.

Photographed by Margaret Fox

Photographed by Margaret Fox

WHAT

YEScarolina sent two Charleston student entrepreneurs to the Network for Teaching Entrepreneurship (NFTE) National Youth Entrepreneurship Challenge, sponsored by the Citi Foundation, in New York City this week.

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Colin Posnanski, student at Wando High School and 1st place winner of the Mark E. Motley Foundation State Business Plan Competition, presented his plan for his business, BandzTogether. Jasmine Adams, a recent Bishop England High School graduate, also competed and took home the top honor for her business, Smudgies. The Top 3 finalists shared a prize pool of $35,000, of which Adams received $10,000 to support and advance her growing brand.

This year, over 17,000 students from across the nation created and pitched business plans in their classrooms, with 41 of the best and brightest advancing to this final competition. YEScarolina has sponsored South Carolina’s student entrepreneurs at this national competition since 2012. This is the first time a YEScarolina student has taken first place in the nation’s top competition for student entrepreneurs.

 

ABOUT WINNER

Jasmine Adams presents her business plan for Smudgies in the final round. Photographed by Margaret Fox

Jasmine Adams presents her business plan for Smudgies in the final round. Photographed by Margaret Fox

Jasmine Adams is a 2017 graduate of Bishop England High School on Daniel Island, SC. In June of this year, she placed 2nd for her presentation of her business plan for Smudgies in the Mark E. Motley Foundation State Business Plan Competition, hosted by YEScarolina. Smudgies are reusable fabric cloths that can remove makeup without the addition of water. Jasmine says the goal of her business is “to revolutionize the makeup industry by turning makeup application and removal into a more convenient process.”

 

ABOUT NFTE

About NFTE (Network for Teaching Entrepreneurship) NFTE’s National Youth Entrepreneurship Challenge in New York City is presented by the Citi Foundation. The young competitors all won their NFTE Regional Youth Entrepreneurship Challenges that took place in cities across the country supported by the Citi Foundation as part of its Pathways to Progress global expansion to prepare urban youth for today’s competitive job market. Thousands of students participate in this initiative led by the Citi Foundation designed to help young people become career-ready through first jobs, internships and leadership and entrepreneurship training. NFTE (Network for Teaching Entrepreneurship) is an award-winning education nonprofit that activates the entrepreneurial mindset in young people. Research shows that the entrepreneurial mindset—skills and behaviors including innovation, self-reliance, comfort with risk, communication, and problem-solving—prepares young people for lifelong success. Equipped with the mindset, as well as with the business and academic skills that NFTE teaches, NFTE students are ready to thrive in the innovation economy no matter what path they choose. NFTE focuses its work on under-resourced communities, with programs in 19 locations in 9 countries. For more information, please visit nfte.com, like NFTE on Facebook at Facebook.com/NFTE, and follow NFTE on Twitter at @NFTE.