NFTE World Series of Innovation to Be Featured for Global Entrepreneurship Week
The Coca-Cola Co. will sponsor the “Innovative Beverage” category. “Coca-Cola is thrilled to begin our relationship with NFTE through the World Series of Innovation. Our company has a long history of supporting education in creative ways, as well as nurturing entrepreneurship,” said Deryck van Rensburg, President and General Manager, Venturing and Emerging Brands (VEB), a division of Coca-Cola North America.
Jcpenney will sponsor the “Sustainable Style” category. "When I learned about the World Series of Innovation I knew it was a great opportunity for jcpenney to get involved with NFTE. It supports our philanthropic mission of giving students the chance to participate in educational programs after school that can positively influence how they look at their futures,” said Jodi Gibson, Divisional Vice President, J. C. Penney Company Inc.
Franchise Source Brands International will sponsor the “New Franchise Idea” category. “Franchising is a tremendous way to extend the impact of a great local business to new communities, and young people have their fingers on the pulse of their communities,” says Terry Powell, Founder and CEO, The Entrepreneur’s Source and Franchise Source Brands International. “It will be great to see what ideas come forward.”
NFTE is issuing a sixth challenge category in cooperation with the U.S. Department of Education entitled “College and Career Readiness.” This category encourages students to imagine new business ideas, both for-profit and nonprofit, designed to help students stay and succeed in school, make informed choices about college and career options, and enter postsecondary education programs ready for college-level work.
From November 7-18, the general public will be asked to vote online for their favorites in each category to determine the winning entries. The pitch video and submission forms for the finalists will be available online for voters to make their decisions. Winners will be announced immediately following Global Entrepreneurship Week on Nov. 21. The winning students will receive prize packages from this year’s sponsors and their sponsoring classrooms, schools or youth groups will receive grants of $2500 from the sponsors and NFTE.