When: June 24 – July 5 (2 weeks)
Where: Stellenbosch, South Africa
Founded in 2012, YEP (Young Entrepreneurship Project) is a program aimed at developing entrepreneurial skills among students in developing areas. First initiated in Kenya, YEP has since expanded to South Africa where it is hosted by Stellenbosch University.
Guided by student mentors from participating universities, the YEP program includes a business plan competition in which high school learners present their business ideas. The business ideas are reviewed by a jury of professionals and experts in the field of business, and assessed accordingly based on the impact on local communities, feasibility, and sustainability. Each of the winning business ideas is awarded with start-up capital, enabling the implementation of this business idea.
International teams of students from Stellenbosch University (South Africa), University of Applied Sciences – Utrecht (Netherlands), and Michigan State University (USA) first connect digitally and then come to Stellenbosch to help groups of high school learners over two weeks (June 24 – July 5, 2019) to initiate and develop their sustainable business ideas, writing business plans and monitoring implementation.
Program Timeline and Student Commitment
The program begins in April, with a program orientation, the formation of student teams (1 from each university), the creation of a team video for viewing by high school students in South Africa, and the completion of a reflection paper. Prior to traveling to South Africa, student teams will assemble a training manual to be utilized for coaching high school students. Upon arrival in South Africa, student teams will undergo a week of training before working with teams of high school students and preparing them for the business plan competition.
In total, participants can expect to commit 120 hours to the program, including the two weeks in South Africa (40 contact hours) and reflection papers following the program’s completion.
Students can earn 3 credits of independent study (Marketing). Also, by participating, Innovation and Entrepreneurship Minors can earn an E&I Experience.
Program Costs and Scholarships
Tuition: Tuition costs vary by student status and can be calculated using the following website – http://ctlr.msu.edu/costudentaccounts/tuitioncalculatorsummer.aspx
Housing and Meals: Housing and meals will be provided by the host university for $30 per day during the course of the two week trip
Scholarships: Students admitted to Broad College of Business or the Residential Business Community (RBC) are eligible for a $2,000 scholarship to offset travel expenses. Applicants meeting the criteria will automatically be considered for the scholarship.
Application Process, Requirements and Deadlines
GPA: 3.0 or above
Majors: The program is open to all majors.
– Sophomore standing or higher
– Entrepreneurship and Innovation Minors: BUS 190 (The Art of Starting)
– Broad College of Business Students: Admission to the College or Residential Business Community (RBC)
Essay: Completion of a maximum 500 word essay which answers the following question: “What do you hope to gain by participating in YEP?”
Application Deadline: The deadline for applications is March 10. Students chosen for participation will be notified on Friday, March 15.