Description
In such a outline around network for teaching entrepreneurship (nfte).
2
5
YEARS
Belgium
China
Israel
Saudi Arabia
Ireland
Germany
India
New
Zealand
Colombia
Chile
Atlanta
Baltimore
Chicago
Cleveland
Dallas
Fair?eld Co., CT/
Westchester Co., NY
Fresno, CA
Kansas
Los Angeles
NewEngland Region
NewYork City Metro
Philadelphia
Pittsburgh
Saint Louis
San Francisco Bay Area
South Carolina
South Florida
Washington, DC, Region
Since 1987, the Network for Teaching Entrepreneurship (NFTE) has been inspiring young people
across the globe to pursue educational opportunities, start their own businesses, and succeed in life.
By providing entrepreneurship education programs relevant to the real world, NFTE empowers
students to own their educations in and out of the classroom and to find their own paths to success.
Hundreds of thousands of low-income students have discovered how to create opportunities for
themselves via thousands of certified entrepreneurship educators worldwide.
Entrepreneurs are a powerful driver of economic growth, and NFTE sows the seeds of innovation in
students at home and abroad.
To learn how you can help students realize their potential, visit www.nfte.com.
25 Years | 1
From the start, the idea behind the Network for Teaching
Entrepreneurship (NFTE) was simple: Get students, particularly low-
income students, excited about school by helping them connect what they
learn in the classroom to making money — something all young people,
especially those in challenging circumstances, care about.
Frustrated in his attempts to engage his students in the classroom,
NFTE Founder Steve Mariotti realized that by infusing coursework
with the principles of entrepreneurship he could harness the natural
entrepreneurial spirit of young people living in less than ideal
circumstances. Building from this simple idea he created NFTE 25 years
ago, with the goal of reducing dropout rates, improving student success,
and ensuring economic prosperity for individuals and society.
Today, NFTE has grown from a small startup focused on the toughest
schools in New York City to a global nonproft organization that has
educated more than 500,000 students and trained more than 5,000
teachers in 50 countries.
Our 25th anniversary provides an opportunity to celebrate our successes
and set a bold vision for our future. This report highlights some of NFTE’s
key milestones and describes how we will transform NFTE to serve
1 million young people cumulatively in the next fve years. By leveraging
digital tools and delivery methods to scale more effciently, NFTE will not
only reach dramatically more young people but also simultaneously better
prepare students for today’s technology-enabled global economy.
Every day, the NFTE network touches thousands of lives around the
world. This groundbreaking success would not have been possible
without the enduring dedication of the NFTE teachers and staff and the
unwavering support of our donors, volunteers, and board members who
give generously of their time and resources.
We thank all of you for your efforts and look forward to the next 25 years of
changing students’ lives.
A Message from the Chairman and the CEO
Maria Pinelli
Board Chairman, NFTE
Global Vice Chair, Strategic Growth Markets
Ernst & Young Global Ltd.
Amy Rosen
President & CEO, NFTE
2 | Network for Teaching Entrepreneurship
A routine jog by NFTE Founder Steve Mariotti in 1982 has
improved the lives of hundreds of thousands of young people
around the world. During his run, Steve was robbed by teenagers
for $10. An entrepreneur himself, Steve could not understand
the risk those teens were taking for such a small reward. From
that day forward, he committed himself to helping students from
disadvantaged backgrounds fnd a better way to not just survive,
but thrive.
A former executive with the highly regarded Ford Motor
Company fnance department and owner of an import-export
business, Steve launched a new career as a special education/
business teacher in New York City Public Schools. He asked to
be assigned to notoriously “bad” schools in Brooklyn and the
South Bronx.
Steve quickly found that his biggest challenge was reaching his
students and getting them interested in learning. Desperate to
engage a particularly rowdy classroom of students, one day Steve
went to what he knew best: sales. As he gave a mock sales pitch
for his wristwatch, the students were mesmerized. And Steve had
stumbled upon a unique insight: Entrepreneurship education
connects learning to the real world and is particularly
motivating for economically disadvantaged youth.
STEVE MARIOTTI & NFTE:
Changing Lives through
Entrepreneurship
Connecting Classroom Learning to
the Real World
From this insight, Steve began imagining a curriculum
that would combine core academics with the skills of
entrepreneurship to engage students in learning while giving
them the confdence and practical skills to open their own
businesses. This combination would not only help individual
students improve their lives but also answer a pressing need in
the highly depressed communities NFTE serves.
After teaching entrepreneurship for several years, in 1987, Steve
tapped his own entrepreneurial skills by starting at the top of
As a student in New York City’s George Washington High School in 1995, Barbara Campbell had plenty of creative
business ideas but didn’t know how to get started: “Working for a corporation was the only vision that was ever presented
to me. But then I took the NFTE class, and that exposed me to the world of entrepreneurship.”
Over the years, Barbara has found many outlets for her passion for entrepreneurship, and currently she is consolidating
all her various business streams under one umbrella, Barbara Campbell Accessories, which is focused on designing items
such as jewelry, handbags, and hair pieces that empower women and help them feel good about their appearance.
“I am proud to have been part of NFTE from the beginning,” says Barbara. “Steve is a man with a mission, and the courage
and time it took him to build the organization is inspiring. Through NFTE, I have gotten to meet wonderful people, which
has opened doors and given me lots of opportunities.”
Empowered by Design:
Barbara Campbell
“You couldn’t judge Steve’s classes with
traditional methods, but he found an innovative
way to reach the most difficult to educate
students. I saw students who were often absent
and disinterested, who had very little chance of
success, blossom.”
PAT BLACK
Former principal
Jane Addams High School for Academic Careers, South Bronx
25 Years | 3
the Forbes 400 list and writing every person to seek funding to
formalize the curriculum and implement the program in new
sites. Only one responded: Ray Chambers of Wesray Capital
Corporation.
With $160,000 in startup capital from Chambers, Steve
launched NFTE. Beginning in January 1988, Steve brought his
developing curriculum to the Boys and Girls Clubs of Newark
as a Saturday program for students in grades 2 through 6. On
Tuesday and Thursday nights, Steve and his fellow teacher
taught 7th and 8th graders as part of the READY program. The
frst edition of the curriculum was published in March 1988 and
covered elementary, junior high, and high school.
Early on, Steve realized that the street smarts that students
from low-income, crime-ridden neighborhoods need to survive
also make them natural entrepreneurs. Their challenging
lives encourage independence, assertiveness, and a natural
salesmanship. They are comfortable with risk and ambiguity, are
highly motivated to make money, and understand the benefts of
buying low and selling high.
Early efforts to build on this innate interest and expand students’
opportunities for hands-on learning included opening a franchise
of the Jersey Mike’s sandwich shop chain, which was operated
by students from Ogden Youth Home, and NFTE Solutions, a
salvage and computer repair shop operated by teenagers newly
released from Rikers Island prison.
NFTE quickly learned that operating businesses was very
resource intensive. Those same funds could go much further
and reach many more kids in need by focusing on training and
supporting urban public school teachers to deliver the program.
But over the years NFTE entrepreneurs across the world have
created countless businesses of their own, such as Bulldog
Bikes Worldwide, EDEN BodyWorks, Mi Tierra Gourmet,
PortFOILios, Xin Peng Workshop, YourWay IT Solutions, and
Zoë Damacela Apparel.
Why NFTE Works
The heart of NFTE’s programs has always been its
groundbreaking focus on teaching math, reading, and writing
skills through project-based learning. Instead of the traditional
lecture environment, the NFTE classroom instills rigorous
academics through engaging activities, such as bartering items
According to Patty Alper and Phil McNeill,
volunteering in a NFTE classroom is a
win-win-win for teachers, students, and
businesspeople. “We really feel like we
make a difference,” says Phil. “It’s hard for
the teacher to have direct contact with every
student to talk about their business. We are
roaming consultants, sitting down with them
and giving the business a critical look.”
Both Patty, CEO of The Alper Portfolio Group, Ltd., and Phil, managing partner at
Farragut Capital Partners, have a long history of involvement with NFTE. In 2001,
Patty founded a program for volunteers to adopt a classroom in Washington, DC.
She approached Phil to be an inaugural adopter. Program volunteers donate their
time and expertise as well as money to help defray costs for expenses such as
students’ business cards and the wholesale buying trip. Now in its 12th year, the
program has expanded nationally to cities such as Baltimore, Dallas, and beyond.
Over the years, Patty and Phil have seen the profound effect the NFTE program has
on students. “It transforms the way students think,” says Phil. “No one starts the
program thinking they will own a business, but it builds their confdence. They get a
taste of success, and it drives them to do things they didn’t think they could do.”
“We receive thousands of letters from students, and I could never have fathomed
the ripple effect on their lives,” adds Patty. “It just takes a little effort to go into the
classroom and share your knowledge.”
That effect extends far beyond the school doors as volunteers like Patty and Phil
develop enduring mentoring relationships with students. “NFTE doesn’t stop when
the class ends,” says Patty. “It really is a network for students to fall back on and
climb on. I applaud Steve for having the vision and foresight to create all of that
and am grateful to be part of this family network.”
Creating a Ripple
Effect: Patty Alper
and Phil McNeill
4 | Network for Teaching Entrepreneurship
from the dollar store to learn about free trade and analyzing
magazine ads to teach audience segmentation. A centerpiece is
the buying and selling lesson, during which students negotiate
with wholesalers, buy products to sell to their classmates, and
market their products and services.
All students create and present original business plans as
the culmination of their NFTE experience. Winners in the
classroom go on to city and regional competitions operated by
NFTE sites in the United States and abroad.
To keep it “real,” thousands of volunteers contribute their
practical expertise as guest speakers and business plan coaches
in the classroom, while fostering connections with students and
providing the additional support students need to overcome
challenges.
NFTE at 25
From humble beginnings, NFTE has grown into a global
organization, with more than 500,000 graduates. We have trained
more than 5,000 teachers in 50 countries and currently have 18
program sites in the United States and 11 internationally.
NFTE’s high school entrepreneurship program has expanded
into middle schools with a dual emphasis on entrepreneurship
and career exploration. Our offerings now include two-week
summer BizCamps
®
; Start Up Summer, which helps students
take the business plans they create during the school year and
jump-start their enterprises; and a wide variety of online tools and
resources to help bolster teachers’ and students’ entrepreneurial
knowledge and skills.
The power of entrepreneurship education to address some of our
greatest national and international challenges is undeniable. Far
too many young people are unemployed — globally, nearly 75
Vincent Quigg, the winner of the 2012
NFTE National Youth Entrepreneurship
Challenge, has always thought big —
sometimes too big. His initial business
plan idea didn’t pan out because,
he says, “I was thinking too large. It
couldn’t be done in the classroom.”
Like many NFTE students, Vincent credits
his teacher, Jeanette Hernandez, with
providing vital support to help him
develop his winning plan — TechWorld,
a personal electronics repair and
customization service. “I have always
been business minded,” says Vincent,
“but I didn’t have anybody to talk to. NFTE gave me the connections and resources
to build on my business knowledge. It made me realize it was something I could go
out and do.”
This growing confdence is something NFTE teachers like Jeanette see every
day. “NFTE makes it possible for kids to know that they don’t have to work
for someone else,” she says. “The support that NFTE gives both students and
teachers is phenomenal. The volunteers who provide coaching, the constant
professional development, activities, and money for the business plan
competition — all these pieces come together to help students get to their
dreams.”
Busy as he is attending college and turning his business ideas into reality,
Vincent is also focused on giving back. He is volunteering in Jeanette’s
classroom, with the goal of helping her students realize sooner than he did
that owning your own business is possible.
Supporting Success:
Vincent Quigg
million youth, ages 15 to 24, are looking for a job — even as one
in three businesses report that they are unable to fnd employees
with the skills and education they need to fll open jobs. For
global economic recovery and growth, we need innovators who
can solve problems, see opportunities, and build organizations.
Studies show that students who take part in the NFTE
curriculum not only perform better in the classroom but also
are more likely to feel in control of their own lives and are more
interested in going to college. Relevance increases motivation.
Because students want their businesses to succeed, they want to
know how to write and speak effectively and understand their
fnancials. They realize that they need communication and
presentation skills to generate sales, hire and support employees,
and make a proft. They learn that good citizenship — showing
respect to others — is essential to maintaining proftable
relationships with current and potential customers.
This knowledge and these skills give NFTE students the drive
they need to change their lives — and give businesses the highly
skilled workforce they need to compete.
25 Years | 5
2
5
YEARS of Inspiring
Entrepreneurial
Leaders
1 | Network for Teaching Entrepreneurship
1987–88 1989 1991 1992 1993 1994 1996 1997 1998 1999 2000 2002 2003 2004 2005 2006 2007 2008 2010 2011 2012
N
F
T
E
L
A
U
N
C
H
E
S
Founding of Youth
Entrepreneurs
Kansas, NFTE’s first
program partner
Steve Mariotti wins Ernst
& Young Entrepreneur Of
The Year
®
Supporter Award
for the New York Region
12,000 students served
Random House sells 40,000 copies
of a new NFTE book marketed
directly to young people
Brandeis University begins
a five-year research study
1st annual Dare to Dream Awards Gala
NFTE expands to Bay Area and DC
NFTE Solutions starts
PETER JENNINGS
SHINES THE
NATIONAL SPOTLIGHT
ON NFTE
Jennings features NFTE on “World
News Tonight,” telling the story of
our impact on current students
and alumni. A followup story airs
almost a year later.
BIZCAMPS
®
BRING
NFTE TO MORE
STUDENTS
Realizing that a nine-month
program in school can be delivered
effectively in two full weeks of
day-long sessions, NFTE begins
offering camps during the summer.
First held at the University of
Pennsylvania’s Wharton Business
School, BizCamps have also
been held at Columbia University,
Georgetown University, Stanford
University, and the University of
California, Berkeley.
U.S. EXPANSION BEGINS
Building on our success in the New York
metro area, NFTE opens another offce
in New England — the start of explosive
growth to 18 program sites within the
United States.
RESEARCH VERIFIES NFTE’S IMPACT
Research studies conducted by Brandeis University,
Harvard University, and other prominent organizations
have shown NFTE’s positive impact on students’ academic
performance, school attendance, and interest in college
as well as positive self-perception and feeling in control
of their lives. In addition, NFTE students are more likely
to start a business by the time they graduate high school
and/or want to own a business in the future.
NFTE UNIVERSITY IS
NATIONALLY RECOGNIZED
Babson College becomes the frst higher
education institution to teach NFTE University,
our innovative teacher training program that
provides four days of intensive training and
ongoing professional development. Today,
NFTEConnect.org, an online resource center,
helps teachers adopt entrepreneurship
education in the classroom.
200 students served
in New York
metro area
25 Years | 2
1987–88 1989 1991 1992 1993 1994 1996 1997 1998 1999 2000 2002 2003 2004 2005 2006 2007 2008 2010 2011 2012
NFTE endowment
established with a
$500,000 gift from
Diana Davis Spencer
(below, with her mother,
Kathryn W. Davis)
In partnership with
Microsoft, NFTE launches
an online curriculum,
BizTech, and pilots the
program in New York City
and Boston
NFTE expands to
Fairfield County, CT,
and Westchester County,
NY, creating NFTE
Fairchester
More than 10,000
students served in the
United States alone
NFTE expands to India
More than 100,000
students served
NFTE expands to
South Carolina
NFTE receives a $3 million grant from
Atlantic Philanthropies to launch in Ireland
NFTE expands to Dallas, Germany, Ireland,
and New Zealand
NFTE curriculum receives
the Golden Lamp Award,
the top honor from The
Association of Educational
Publishers
NFTE expands to Baltimore
and Cleveland
NFTE GOES GLOBAL
With the launch in Belgium
of the frst international
program, NFTE shows that in
the increasingly global economy, the
need for entrepreneurship education
crosses borders.
NEW TRAINING AND SUPPORT PROGRAMS
BENEFIT STUDENTS AND ALUMNI
With the launch of the Advanced Entrepreneurship Seminar
in 2002, NFTE begins to provide additional formal training
and opportunities for students to continue to develop their
entrepreneurial skills and jump-start their business ideas. As
of 2012, NFTE alumni services include sponsored scholarship
opportunities, online support, and opportunities for advanced
study including NFTE’s Start Up Summer program in New York
and Miami; NFTE Launch in the Bay Area; and GenTech, an app
development and entrepreneurship program piloted in the New
York metro area.
NFTE GOES TO CHINA
The Bright China Foundation (BCF) launches NFTE, and more than
100,000 students take part by 2012. In December 2010, with
500,000 online votes, BCF wins the People’s Choice Award for
Best Charity in China during an awards show watched by more
than a quarter of a billion viewers.
NFTE expands to
Chicago and Pittsburgh
25 Years | 3
1987–88 1989 1991 1992 1993 1994 1996 1997 1998 1999 2000 2002 2003 2004 2005 2006 2007 2008 2010 2011 2012
NFTE receives a $3 million grant from
Atlantic Philanthropies to launch in Ireland
NFTE expands to Dallas, Germany, Ireland,
and New Zealand
The New York Times
profiles NFTE
NFTE expands to Atlanta,
Israel, and South Florida
NFTE expands to
Los Angeles,
Philadelphia, and Fresno
More than 200,000 students served
“TEN9EIGHT” documents NFTE’s
National Youth Entrepreneurship
Challenge
NFTE alumna Zoë Damacela (left) invited to speak
during a breakout session of the Clinton Global
Initiative annual meeting
NFTE awarded best math curriculum by
The Association of Educational Publishers
NFTE expands to Colombia and Chile
MasterCard donates more than $1 million
supporting NFTE programs and teacher
training across the United States
President Obama appoints NFTE
President and CEO Amy Rosen vice chair
of the President’s Advisory Council on
Financial Capability
More than 500,000 students served
Steve Mariotti inducted into
Entrepreneurship Hall of Fame
NFTE expands to Saudi Arabia
NATIONAL YOUTH ENTREPRENEURSHIP
CHALLENGE LAUNCHES
The Challenge begins each spring in NFTE classrooms
nationwide. Students advance through regional competitions
to earn a place in the national fnals in New York City each
October and a chance to win a $25,000 prize package. The
inaugural winner is Abby Lewis from Kansas (below).
NFTE BRINGS
ENTREPRENEURSHIP
EDUCATION TO THE
GLOBAL STAGE
A participant in the World Economic Forum
(WEF) since 2002, NFTE is now a member
of the organization, which is dedicated
to improving the state of the world by
engaging business, political, academic, and
other leaders of society to shape global,
regional, and industry agendas. In 2009,
NFTE helps author a WEF report identifying
the opportunities and challenges of
entrepreneurship education and highlighting
existing tools and best practices.
NFTE ENGAGES MIDDLE SCHOOL
STUDENTS
Because research shows that many students who perform
poorly in high school or eventually drop out begin to
disengage from their studies well before 9th grade, NFTE
launches a middle school program that integrates careers,
personal fnance, and entrepreneurship. Our new “Exploring
Careers for the 21st Century” middle school curriculum is
published in 2011.
NEW COLLEGE
SCHOLARSHIPS SUPPORT
NFTE GRADUATES’ DREAMS
Generous support from NFTE donors includes
scholarship funds for advanced education — a
top need among NFTE graduates. In 2011, the
Coleman Entrepreneurial Scholarship program
is instituted with support from GlobalHue.
The following year, Ernst & Young kicks off
its Entrepreneur Of The Year® (EOY) Alumni
Fund. Through that program, Ernst & Young
is matching all donations from former EOY
winners to NFTE with $300,000. Half the funds
raised each year are earmarked for college
scholarships for top-performing NFTE alumni.
“The president should vow to bring
[NFTE] to every low-income
neighborhood in America.”
Thomas Friedman
Jan. 23, 2010
10 | Network for Teaching Entrepreneurship
Transforming the
Future
The NFTE program has already helped 500,000 students
worldwide create new opportunities in their lives, but too many
students still do not have the education and skills they need to be
self-suffcient and productive members of today’s economy.
Modernizing the Core Curriculum
Over the past two decades, technology has revolutionized the
way business works. Today’s students not only need to know core
academic content, but they also need to master an increasingly
digital workplace.
To help prepare students for this new reality, the NFTE content
will be updated to include digital learning activities in units on
opportunity recognition, market research, sales and promotion,
and business fnancials. New content will include topics such
as social media, digital market research tools, and app and web
design. NFTE is also aligning this new curriculum with the
Common Core State Standards now adopted by 45 states.
Leveraging Technology
The digital revolution has also dramatically changed the way that
content can be delivered to schools, teachers, and students. One
person or organization can now reach tens or even hundreds of
thousands of kids, offering the very best learning opportunities
much more cost-effectively than one classroom at a time.
Through a blended classroom approach, NFTE students over the
coming years will be able to go online to complete stand-alone
portions of the curriculum independently. Time in the classroom
can then be spent applying that content in scenario-based
learning experiences so students can put theory into practice.
This blended approach will allow for more individualized
instruction and encourage students to develop independent
learning skills.
A new digital classroom portal also will give students the
opportunity to collaborate and network in real time with peers,
program alumni, and volunteers from around the globe.
And because video is cheaper to produce and easier to deliver
than ever before, NFTE’s new entrepreneurial leadership video
series will provide an opportunity for high-profle business
leaders to present students case studies about real-life challenges
they have faced. Volunteers also will participate in topic-
specifc instructional videos to help students master challenging
academic content and raise awareness about emerging business
issues.
OUR GOAL:
1 million graduates by 2017
25 Years | 11
A GLOBAL NEED: TODAY
To pay his tuition at Northern Nationality University, Jun Wei worked part-time jobs. But until he was
introduced to NFTE/the Bright China Foundation in 2009, “there was no systematic method to teach me
entrepreneurship, business, and fnance,” he says. “I studied a lot by myself to pursue my dreams, but
through NFTE I understood the bigger picture and found a way to be an entrepreneur.”
As part of a course for his major, Jun studied media and discovered a passion for video and recording.
After working on television and media projects in school, Jun founded Junlintianxia Film & Television
Media Yinchuan Co., Ltd in 2010. This same year, he opened a second business, Junlintianxia Boutiques,
which sells clothes and is now run by his sister.
Jun credits NFTE with providing the guidance he needed to get started. “The mock situations helped me
know how to start my business,” he says. “Now when my mind is blank and I don’t know what to do, I go
back and review my NFTE courses.”
Providing the Big Picture: Jun Wei
Measuring Our Impact
Entrepreneurs are unique. No matter what country or culture,
they demonstrate a unique set of skills, attributes, and attitudes
that defne how they approach the world. This entrepreneurial
mindset is exactly what NFTE instills in young people every day.
Our new, robust assessment program will measure this critical set
of skills, attributes, and attitudes, including students’ ability to:
• Self-start and operate independently in uncertain
environments;
• Defne what makes a project or initiative successful;
• Reframe problems as opportunities;
• Learn from setbacks and develop solutions;
• Think beyond the current time frame and practice delayed
gratifcation; and
• Work effectively as both team leaders and team members.
In addition, NFTE will track — by student and program —
core academic outcomes (e.g., math scores, SAT scores);
entrepreneurial outcomes (e.g., business launches); education
outcomes (e.g., high school graduation and college completion
rates); and technical outcomes (e.g., technology skills and
literacy). This combined set of information will help us identify
areas where we can improve our products and services to help
students improve their lives and meet the demands of the 21st
century workplace.
All of this work will culminate in the launch of NFTE’s
Entrepreneurial Mindset Index
™
(EMI) — a universal tool
for measuring a student’s capacity to think and act like an
entrepreneur. The EMI will allow open-source scaling of
entrepreneurship education against a common standard,
supporting our vision that all young people should have access
to quality entrepreneurship education — a vision that one
organization cannot accomplish alone.
Nearly 75 million young
people ages 15–24 are
looking for a job
More than 25% of
youth ages 15–24 are
unemployed in the
Middle East/North
Africa
21.9% of youth in the
United Kingdom are
unemployed
25% of Chinese
university graduates
are unemployed
Around one in three
employers (34%)
experience difficulties
filling vacancies due to
lack of available talent GLOBALLY
33% of U.S. youth, and
50% of minority youth,
do not finish high school
More than 17 million
U.S. youth ages 16–24
are unemployed
3 million: Shortage of
U.S. workers with
appropriate skills and
education by 2018
IN THE
UNITED
STATES
12 | Network for Teaching Entrepreneurship
Board of Directors
Maria Pinelli
Board Chairman
Global Vice Chair,
Strategic Growth Markets
Ernst & Young Global Ltd.
Ted Dintersmith
Board Vice Chairman
Charles River Ventures
Patricia Alper
The Alper Portfolio Group, Ltd.
Matthew J. Audette
Executive Vice President &
CFO
E*Trade Financial Corporation
Peter J. Boni
CEO Emeritus
Safeguard Scientifcs, Inc.
Noah Hanft
General Counsel,
Corporate Secretary &
Chief Franchise Integrity
Offcer
MasterCard Worldwide
Landon Hilliard
Partner
Brown Brothers Harriman
Mary Myers Kauppila
Chairman & President
Delaware Ladera Management
Company
Michael Kempner
President & CEO
The MWW Group
Steve Mariotti
Founder
NFTE
Stephen McDonnell
Founder & CEO
Applegate Farms
Victor Oviedo
Partner
SkyBridge Capital
Amy Rosen
President & CEO
NFTE
Anthony Salcito
Vice President of Worldwide
Education
Microsoft Corporation
Leonard A. Schlesinger
President
Babson College
Dia Simms
Executive Vice President &
General Manager
Blue Flame Agency
Diana Davis Spencer
President
The Diana Davis Spencer
Foundation
Peter B. Walker
Managing Director
McKinsey & Company, Inc.
Tucker York
Global Head, Private Wealth
Management
Head of US Private Wealth
Business
Goldman Sachs & Co.
General Counsel
Sanford Krieger
Of Counsel
Fried Frank
25 Years | 13
Board of Overseers
John Whitehead
Honorary Chairman
Stephanie Bell-Rose
Chairperson
TIAA-CREF
Michelle Barmazel
Consultant
Stephen Brenninkmeijer
Andromeda Fund, London
Eddie Brown
Brown Capital Management
Dr. Thomas Byers
Stanford University
Russ Carson
Welsh, Carson, Anderson & Stowe
James I. Cash
Harvard Business School
Ray Chambers
MCJ Amelior Foundation
Sean Combs
Bad Boy Entertainment
Kathryn Davis
Diana Davis Spencer Foundation
Mark Ein
Venture House Group
Stedman Graham
S. Graham and Associates
Michael J. Hennessy
Coleman Foundation
Reid Hoffman
LinkedIn
Daymond John
FUBU
Moushumi Khan
BRAC
Elizabeth Koch
Koch Industries
Loida Nicolas Lewis
TLC Beatrice
James Lyle
Fulmar Advisors, Ltd.
Dr. Richard K. Miller
Franklin W. Olin College
of Engineering
Wes Moore
Author & Entrepreneur
Alan Patricof
Greycroft Partners
Jeffrey S. Raikes
Bill & Melinda Gates Foundation
Anthony Scaramucci
SkyBridge Capital
Jane Siebels
Green Cay Asset Management
John P. Stack
Springfeld Remanufacturing Corp.
Prof. Howard Stevenson
Harvard Business School
14 | Network for Teaching Entrepreneurship
2013 Regional Advisory Board Chairs
BALTIMORE
David Citron
WMS Partners
BAY AREA
Peter Marchetti
Goldman Sachs & Co.
CHICAGO
William Young
Equity Group Investments
GREATER DALLAS
Nicole Weeldryer
Goldman Sachs & Co.
GREATER LOS ANGELES
Jeff Green
NanoH
2
O
GREATER WASHINGTON, DC,
REGION
John Hasenberg
The Hasenberg Hartsock Group
Merrill Lynch
FAIRCHESTER
Alistair Jessiman
PNC Asset Management Group
NEW ENGLAND
Bryan Pearce
Ernst & Young
NEW YORK METRO
Mark Danchak
Entrepreneur/Consultant/Investor
PHILADELPHIA
Doug Alexander
Internet Capital Group
and
Stephen T. Zarrilli
Safeguard Scientifcs, Inc.
SOUTH FLORIDA
Howard Krass
IPD Analytics
25 Years | 13
EDITORIAL AND DESIGN: KSA-Plus Communications
2
5
YEARS
120 WALL STREET, 18TH FLOOR
NEW YORK, NY 10005
WWW.NFTE.COM
doc_942469249.pdf
In such a outline around network for teaching entrepreneurship (nfte).
2
5
YEARS
Belgium
China
Israel
Saudi Arabia
Ireland
Germany
India
New
Zealand
Colombia
Chile
Atlanta
Baltimore
Chicago
Cleveland
Dallas
Fair?eld Co., CT/
Westchester Co., NY
Fresno, CA
Kansas
Los Angeles
NewEngland Region
NewYork City Metro
Philadelphia
Pittsburgh
Saint Louis
San Francisco Bay Area
South Carolina
South Florida
Washington, DC, Region
Since 1987, the Network for Teaching Entrepreneurship (NFTE) has been inspiring young people
across the globe to pursue educational opportunities, start their own businesses, and succeed in life.
By providing entrepreneurship education programs relevant to the real world, NFTE empowers
students to own their educations in and out of the classroom and to find their own paths to success.
Hundreds of thousands of low-income students have discovered how to create opportunities for
themselves via thousands of certified entrepreneurship educators worldwide.
Entrepreneurs are a powerful driver of economic growth, and NFTE sows the seeds of innovation in
students at home and abroad.
To learn how you can help students realize their potential, visit www.nfte.com.
25 Years | 1
From the start, the idea behind the Network for Teaching
Entrepreneurship (NFTE) was simple: Get students, particularly low-
income students, excited about school by helping them connect what they
learn in the classroom to making money — something all young people,
especially those in challenging circumstances, care about.
Frustrated in his attempts to engage his students in the classroom,
NFTE Founder Steve Mariotti realized that by infusing coursework
with the principles of entrepreneurship he could harness the natural
entrepreneurial spirit of young people living in less than ideal
circumstances. Building from this simple idea he created NFTE 25 years
ago, with the goal of reducing dropout rates, improving student success,
and ensuring economic prosperity for individuals and society.
Today, NFTE has grown from a small startup focused on the toughest
schools in New York City to a global nonproft organization that has
educated more than 500,000 students and trained more than 5,000
teachers in 50 countries.
Our 25th anniversary provides an opportunity to celebrate our successes
and set a bold vision for our future. This report highlights some of NFTE’s
key milestones and describes how we will transform NFTE to serve
1 million young people cumulatively in the next fve years. By leveraging
digital tools and delivery methods to scale more effciently, NFTE will not
only reach dramatically more young people but also simultaneously better
prepare students for today’s technology-enabled global economy.
Every day, the NFTE network touches thousands of lives around the
world. This groundbreaking success would not have been possible
without the enduring dedication of the NFTE teachers and staff and the
unwavering support of our donors, volunteers, and board members who
give generously of their time and resources.
We thank all of you for your efforts and look forward to the next 25 years of
changing students’ lives.
A Message from the Chairman and the CEO
Maria Pinelli
Board Chairman, NFTE
Global Vice Chair, Strategic Growth Markets
Ernst & Young Global Ltd.
Amy Rosen
President & CEO, NFTE
2 | Network for Teaching Entrepreneurship
A routine jog by NFTE Founder Steve Mariotti in 1982 has
improved the lives of hundreds of thousands of young people
around the world. During his run, Steve was robbed by teenagers
for $10. An entrepreneur himself, Steve could not understand
the risk those teens were taking for such a small reward. From
that day forward, he committed himself to helping students from
disadvantaged backgrounds fnd a better way to not just survive,
but thrive.
A former executive with the highly regarded Ford Motor
Company fnance department and owner of an import-export
business, Steve launched a new career as a special education/
business teacher in New York City Public Schools. He asked to
be assigned to notoriously “bad” schools in Brooklyn and the
South Bronx.
Steve quickly found that his biggest challenge was reaching his
students and getting them interested in learning. Desperate to
engage a particularly rowdy classroom of students, one day Steve
went to what he knew best: sales. As he gave a mock sales pitch
for his wristwatch, the students were mesmerized. And Steve had
stumbled upon a unique insight: Entrepreneurship education
connects learning to the real world and is particularly
motivating for economically disadvantaged youth.
STEVE MARIOTTI & NFTE:
Changing Lives through
Entrepreneurship
Connecting Classroom Learning to
the Real World
From this insight, Steve began imagining a curriculum
that would combine core academics with the skills of
entrepreneurship to engage students in learning while giving
them the confdence and practical skills to open their own
businesses. This combination would not only help individual
students improve their lives but also answer a pressing need in
the highly depressed communities NFTE serves.
After teaching entrepreneurship for several years, in 1987, Steve
tapped his own entrepreneurial skills by starting at the top of
As a student in New York City’s George Washington High School in 1995, Barbara Campbell had plenty of creative
business ideas but didn’t know how to get started: “Working for a corporation was the only vision that was ever presented
to me. But then I took the NFTE class, and that exposed me to the world of entrepreneurship.”
Over the years, Barbara has found many outlets for her passion for entrepreneurship, and currently she is consolidating
all her various business streams under one umbrella, Barbara Campbell Accessories, which is focused on designing items
such as jewelry, handbags, and hair pieces that empower women and help them feel good about their appearance.
“I am proud to have been part of NFTE from the beginning,” says Barbara. “Steve is a man with a mission, and the courage
and time it took him to build the organization is inspiring. Through NFTE, I have gotten to meet wonderful people, which
has opened doors and given me lots of opportunities.”
Empowered by Design:
Barbara Campbell
“You couldn’t judge Steve’s classes with
traditional methods, but he found an innovative
way to reach the most difficult to educate
students. I saw students who were often absent
and disinterested, who had very little chance of
success, blossom.”
PAT BLACK
Former principal
Jane Addams High School for Academic Careers, South Bronx
25 Years | 3
the Forbes 400 list and writing every person to seek funding to
formalize the curriculum and implement the program in new
sites. Only one responded: Ray Chambers of Wesray Capital
Corporation.
With $160,000 in startup capital from Chambers, Steve
launched NFTE. Beginning in January 1988, Steve brought his
developing curriculum to the Boys and Girls Clubs of Newark
as a Saturday program for students in grades 2 through 6. On
Tuesday and Thursday nights, Steve and his fellow teacher
taught 7th and 8th graders as part of the READY program. The
frst edition of the curriculum was published in March 1988 and
covered elementary, junior high, and high school.
Early on, Steve realized that the street smarts that students
from low-income, crime-ridden neighborhoods need to survive
also make them natural entrepreneurs. Their challenging
lives encourage independence, assertiveness, and a natural
salesmanship. They are comfortable with risk and ambiguity, are
highly motivated to make money, and understand the benefts of
buying low and selling high.
Early efforts to build on this innate interest and expand students’
opportunities for hands-on learning included opening a franchise
of the Jersey Mike’s sandwich shop chain, which was operated
by students from Ogden Youth Home, and NFTE Solutions, a
salvage and computer repair shop operated by teenagers newly
released from Rikers Island prison.
NFTE quickly learned that operating businesses was very
resource intensive. Those same funds could go much further
and reach many more kids in need by focusing on training and
supporting urban public school teachers to deliver the program.
But over the years NFTE entrepreneurs across the world have
created countless businesses of their own, such as Bulldog
Bikes Worldwide, EDEN BodyWorks, Mi Tierra Gourmet,
PortFOILios, Xin Peng Workshop, YourWay IT Solutions, and
Zoë Damacela Apparel.
Why NFTE Works
The heart of NFTE’s programs has always been its
groundbreaking focus on teaching math, reading, and writing
skills through project-based learning. Instead of the traditional
lecture environment, the NFTE classroom instills rigorous
academics through engaging activities, such as bartering items
According to Patty Alper and Phil McNeill,
volunteering in a NFTE classroom is a
win-win-win for teachers, students, and
businesspeople. “We really feel like we
make a difference,” says Phil. “It’s hard for
the teacher to have direct contact with every
student to talk about their business. We are
roaming consultants, sitting down with them
and giving the business a critical look.”
Both Patty, CEO of The Alper Portfolio Group, Ltd., and Phil, managing partner at
Farragut Capital Partners, have a long history of involvement with NFTE. In 2001,
Patty founded a program for volunteers to adopt a classroom in Washington, DC.
She approached Phil to be an inaugural adopter. Program volunteers donate their
time and expertise as well as money to help defray costs for expenses such as
students’ business cards and the wholesale buying trip. Now in its 12th year, the
program has expanded nationally to cities such as Baltimore, Dallas, and beyond.
Over the years, Patty and Phil have seen the profound effect the NFTE program has
on students. “It transforms the way students think,” says Phil. “No one starts the
program thinking they will own a business, but it builds their confdence. They get a
taste of success, and it drives them to do things they didn’t think they could do.”
“We receive thousands of letters from students, and I could never have fathomed
the ripple effect on their lives,” adds Patty. “It just takes a little effort to go into the
classroom and share your knowledge.”
That effect extends far beyond the school doors as volunteers like Patty and Phil
develop enduring mentoring relationships with students. “NFTE doesn’t stop when
the class ends,” says Patty. “It really is a network for students to fall back on and
climb on. I applaud Steve for having the vision and foresight to create all of that
and am grateful to be part of this family network.”
Creating a Ripple
Effect: Patty Alper
and Phil McNeill
4 | Network for Teaching Entrepreneurship
from the dollar store to learn about free trade and analyzing
magazine ads to teach audience segmentation. A centerpiece is
the buying and selling lesson, during which students negotiate
with wholesalers, buy products to sell to their classmates, and
market their products and services.
All students create and present original business plans as
the culmination of their NFTE experience. Winners in the
classroom go on to city and regional competitions operated by
NFTE sites in the United States and abroad.
To keep it “real,” thousands of volunteers contribute their
practical expertise as guest speakers and business plan coaches
in the classroom, while fostering connections with students and
providing the additional support students need to overcome
challenges.
NFTE at 25
From humble beginnings, NFTE has grown into a global
organization, with more than 500,000 graduates. We have trained
more than 5,000 teachers in 50 countries and currently have 18
program sites in the United States and 11 internationally.
NFTE’s high school entrepreneurship program has expanded
into middle schools with a dual emphasis on entrepreneurship
and career exploration. Our offerings now include two-week
summer BizCamps
®
; Start Up Summer, which helps students
take the business plans they create during the school year and
jump-start their enterprises; and a wide variety of online tools and
resources to help bolster teachers’ and students’ entrepreneurial
knowledge and skills.
The power of entrepreneurship education to address some of our
greatest national and international challenges is undeniable. Far
too many young people are unemployed — globally, nearly 75
Vincent Quigg, the winner of the 2012
NFTE National Youth Entrepreneurship
Challenge, has always thought big —
sometimes too big. His initial business
plan idea didn’t pan out because,
he says, “I was thinking too large. It
couldn’t be done in the classroom.”
Like many NFTE students, Vincent credits
his teacher, Jeanette Hernandez, with
providing vital support to help him
develop his winning plan — TechWorld,
a personal electronics repair and
customization service. “I have always
been business minded,” says Vincent,
“but I didn’t have anybody to talk to. NFTE gave me the connections and resources
to build on my business knowledge. It made me realize it was something I could go
out and do.”
This growing confdence is something NFTE teachers like Jeanette see every
day. “NFTE makes it possible for kids to know that they don’t have to work
for someone else,” she says. “The support that NFTE gives both students and
teachers is phenomenal. The volunteers who provide coaching, the constant
professional development, activities, and money for the business plan
competition — all these pieces come together to help students get to their
dreams.”
Busy as he is attending college and turning his business ideas into reality,
Vincent is also focused on giving back. He is volunteering in Jeanette’s
classroom, with the goal of helping her students realize sooner than he did
that owning your own business is possible.
Supporting Success:
Vincent Quigg
million youth, ages 15 to 24, are looking for a job — even as one
in three businesses report that they are unable to fnd employees
with the skills and education they need to fll open jobs. For
global economic recovery and growth, we need innovators who
can solve problems, see opportunities, and build organizations.
Studies show that students who take part in the NFTE
curriculum not only perform better in the classroom but also
are more likely to feel in control of their own lives and are more
interested in going to college. Relevance increases motivation.
Because students want their businesses to succeed, they want to
know how to write and speak effectively and understand their
fnancials. They realize that they need communication and
presentation skills to generate sales, hire and support employees,
and make a proft. They learn that good citizenship — showing
respect to others — is essential to maintaining proftable
relationships with current and potential customers.
This knowledge and these skills give NFTE students the drive
they need to change their lives — and give businesses the highly
skilled workforce they need to compete.
25 Years | 5
2
5
YEARS of Inspiring
Entrepreneurial
Leaders
1 | Network for Teaching Entrepreneurship
1987–88 1989 1991 1992 1993 1994 1996 1997 1998 1999 2000 2002 2003 2004 2005 2006 2007 2008 2010 2011 2012
N
F
T
E
L
A
U
N
C
H
E
S
Founding of Youth
Entrepreneurs
Kansas, NFTE’s first
program partner
Steve Mariotti wins Ernst
& Young Entrepreneur Of
The Year
®
Supporter Award
for the New York Region
12,000 students served
Random House sells 40,000 copies
of a new NFTE book marketed
directly to young people
Brandeis University begins
a five-year research study
1st annual Dare to Dream Awards Gala
NFTE expands to Bay Area and DC
NFTE Solutions starts
PETER JENNINGS
SHINES THE
NATIONAL SPOTLIGHT
ON NFTE
Jennings features NFTE on “World
News Tonight,” telling the story of
our impact on current students
and alumni. A followup story airs
almost a year later.
BIZCAMPS
®
BRING
NFTE TO MORE
STUDENTS
Realizing that a nine-month
program in school can be delivered
effectively in two full weeks of
day-long sessions, NFTE begins
offering camps during the summer.
First held at the University of
Pennsylvania’s Wharton Business
School, BizCamps have also
been held at Columbia University,
Georgetown University, Stanford
University, and the University of
California, Berkeley.
U.S. EXPANSION BEGINS
Building on our success in the New York
metro area, NFTE opens another offce
in New England — the start of explosive
growth to 18 program sites within the
United States.
RESEARCH VERIFIES NFTE’S IMPACT
Research studies conducted by Brandeis University,
Harvard University, and other prominent organizations
have shown NFTE’s positive impact on students’ academic
performance, school attendance, and interest in college
as well as positive self-perception and feeling in control
of their lives. In addition, NFTE students are more likely
to start a business by the time they graduate high school
and/or want to own a business in the future.
NFTE UNIVERSITY IS
NATIONALLY RECOGNIZED
Babson College becomes the frst higher
education institution to teach NFTE University,
our innovative teacher training program that
provides four days of intensive training and
ongoing professional development. Today,
NFTEConnect.org, an online resource center,
helps teachers adopt entrepreneurship
education in the classroom.
200 students served
in New York
metro area
25 Years | 2
1987–88 1989 1991 1992 1993 1994 1996 1997 1998 1999 2000 2002 2003 2004 2005 2006 2007 2008 2010 2011 2012
NFTE endowment
established with a
$500,000 gift from
Diana Davis Spencer
(below, with her mother,
Kathryn W. Davis)
In partnership with
Microsoft, NFTE launches
an online curriculum,
BizTech, and pilots the
program in New York City
and Boston
NFTE expands to
Fairfield County, CT,
and Westchester County,
NY, creating NFTE
Fairchester
More than 10,000
students served in the
United States alone
NFTE expands to India
More than 100,000
students served
NFTE expands to
South Carolina
NFTE receives a $3 million grant from
Atlantic Philanthropies to launch in Ireland
NFTE expands to Dallas, Germany, Ireland,
and New Zealand
NFTE curriculum receives
the Golden Lamp Award,
the top honor from The
Association of Educational
Publishers
NFTE expands to Baltimore
and Cleveland
NFTE GOES GLOBAL
With the launch in Belgium
of the frst international
program, NFTE shows that in
the increasingly global economy, the
need for entrepreneurship education
crosses borders.
NEW TRAINING AND SUPPORT PROGRAMS
BENEFIT STUDENTS AND ALUMNI
With the launch of the Advanced Entrepreneurship Seminar
in 2002, NFTE begins to provide additional formal training
and opportunities for students to continue to develop their
entrepreneurial skills and jump-start their business ideas. As
of 2012, NFTE alumni services include sponsored scholarship
opportunities, online support, and opportunities for advanced
study including NFTE’s Start Up Summer program in New York
and Miami; NFTE Launch in the Bay Area; and GenTech, an app
development and entrepreneurship program piloted in the New
York metro area.
NFTE GOES TO CHINA
The Bright China Foundation (BCF) launches NFTE, and more than
100,000 students take part by 2012. In December 2010, with
500,000 online votes, BCF wins the People’s Choice Award for
Best Charity in China during an awards show watched by more
than a quarter of a billion viewers.
NFTE expands to
Chicago and Pittsburgh
25 Years | 3
1987–88 1989 1991 1992 1993 1994 1996 1997 1998 1999 2000 2002 2003 2004 2005 2006 2007 2008 2010 2011 2012
NFTE receives a $3 million grant from
Atlantic Philanthropies to launch in Ireland
NFTE expands to Dallas, Germany, Ireland,
and New Zealand
The New York Times
profiles NFTE
NFTE expands to Atlanta,
Israel, and South Florida
NFTE expands to
Los Angeles,
Philadelphia, and Fresno
More than 200,000 students served
“TEN9EIGHT” documents NFTE’s
National Youth Entrepreneurship
Challenge
NFTE alumna Zoë Damacela (left) invited to speak
during a breakout session of the Clinton Global
Initiative annual meeting
NFTE awarded best math curriculum by
The Association of Educational Publishers
NFTE expands to Colombia and Chile
MasterCard donates more than $1 million
supporting NFTE programs and teacher
training across the United States
President Obama appoints NFTE
President and CEO Amy Rosen vice chair
of the President’s Advisory Council on
Financial Capability
More than 500,000 students served
Steve Mariotti inducted into
Entrepreneurship Hall of Fame
NFTE expands to Saudi Arabia
NATIONAL YOUTH ENTREPRENEURSHIP
CHALLENGE LAUNCHES
The Challenge begins each spring in NFTE classrooms
nationwide. Students advance through regional competitions
to earn a place in the national fnals in New York City each
October and a chance to win a $25,000 prize package. The
inaugural winner is Abby Lewis from Kansas (below).
NFTE BRINGS
ENTREPRENEURSHIP
EDUCATION TO THE
GLOBAL STAGE
A participant in the World Economic Forum
(WEF) since 2002, NFTE is now a member
of the organization, which is dedicated
to improving the state of the world by
engaging business, political, academic, and
other leaders of society to shape global,
regional, and industry agendas. In 2009,
NFTE helps author a WEF report identifying
the opportunities and challenges of
entrepreneurship education and highlighting
existing tools and best practices.
NFTE ENGAGES MIDDLE SCHOOL
STUDENTS
Because research shows that many students who perform
poorly in high school or eventually drop out begin to
disengage from their studies well before 9th grade, NFTE
launches a middle school program that integrates careers,
personal fnance, and entrepreneurship. Our new “Exploring
Careers for the 21st Century” middle school curriculum is
published in 2011.
NEW COLLEGE
SCHOLARSHIPS SUPPORT
NFTE GRADUATES’ DREAMS
Generous support from NFTE donors includes
scholarship funds for advanced education — a
top need among NFTE graduates. In 2011, the
Coleman Entrepreneurial Scholarship program
is instituted with support from GlobalHue.
The following year, Ernst & Young kicks off
its Entrepreneur Of The Year® (EOY) Alumni
Fund. Through that program, Ernst & Young
is matching all donations from former EOY
winners to NFTE with $300,000. Half the funds
raised each year are earmarked for college
scholarships for top-performing NFTE alumni.
“The president should vow to bring
[NFTE] to every low-income
neighborhood in America.”
Thomas Friedman
Jan. 23, 2010
10 | Network for Teaching Entrepreneurship
Transforming the
Future
The NFTE program has already helped 500,000 students
worldwide create new opportunities in their lives, but too many
students still do not have the education and skills they need to be
self-suffcient and productive members of today’s economy.
Modernizing the Core Curriculum
Over the past two decades, technology has revolutionized the
way business works. Today’s students not only need to know core
academic content, but they also need to master an increasingly
digital workplace.
To help prepare students for this new reality, the NFTE content
will be updated to include digital learning activities in units on
opportunity recognition, market research, sales and promotion,
and business fnancials. New content will include topics such
as social media, digital market research tools, and app and web
design. NFTE is also aligning this new curriculum with the
Common Core State Standards now adopted by 45 states.
Leveraging Technology
The digital revolution has also dramatically changed the way that
content can be delivered to schools, teachers, and students. One
person or organization can now reach tens or even hundreds of
thousands of kids, offering the very best learning opportunities
much more cost-effectively than one classroom at a time.
Through a blended classroom approach, NFTE students over the
coming years will be able to go online to complete stand-alone
portions of the curriculum independently. Time in the classroom
can then be spent applying that content in scenario-based
learning experiences so students can put theory into practice.
This blended approach will allow for more individualized
instruction and encourage students to develop independent
learning skills.
A new digital classroom portal also will give students the
opportunity to collaborate and network in real time with peers,
program alumni, and volunteers from around the globe.
And because video is cheaper to produce and easier to deliver
than ever before, NFTE’s new entrepreneurial leadership video
series will provide an opportunity for high-profle business
leaders to present students case studies about real-life challenges
they have faced. Volunteers also will participate in topic-
specifc instructional videos to help students master challenging
academic content and raise awareness about emerging business
issues.
OUR GOAL:
1 million graduates by 2017
25 Years | 11
A GLOBAL NEED: TODAY
To pay his tuition at Northern Nationality University, Jun Wei worked part-time jobs. But until he was
introduced to NFTE/the Bright China Foundation in 2009, “there was no systematic method to teach me
entrepreneurship, business, and fnance,” he says. “I studied a lot by myself to pursue my dreams, but
through NFTE I understood the bigger picture and found a way to be an entrepreneur.”
As part of a course for his major, Jun studied media and discovered a passion for video and recording.
After working on television and media projects in school, Jun founded Junlintianxia Film & Television
Media Yinchuan Co., Ltd in 2010. This same year, he opened a second business, Junlintianxia Boutiques,
which sells clothes and is now run by his sister.
Jun credits NFTE with providing the guidance he needed to get started. “The mock situations helped me
know how to start my business,” he says. “Now when my mind is blank and I don’t know what to do, I go
back and review my NFTE courses.”
Providing the Big Picture: Jun Wei
Measuring Our Impact
Entrepreneurs are unique. No matter what country or culture,
they demonstrate a unique set of skills, attributes, and attitudes
that defne how they approach the world. This entrepreneurial
mindset is exactly what NFTE instills in young people every day.
Our new, robust assessment program will measure this critical set
of skills, attributes, and attitudes, including students’ ability to:
• Self-start and operate independently in uncertain
environments;
• Defne what makes a project or initiative successful;
• Reframe problems as opportunities;
• Learn from setbacks and develop solutions;
• Think beyond the current time frame and practice delayed
gratifcation; and
• Work effectively as both team leaders and team members.
In addition, NFTE will track — by student and program —
core academic outcomes (e.g., math scores, SAT scores);
entrepreneurial outcomes (e.g., business launches); education
outcomes (e.g., high school graduation and college completion
rates); and technical outcomes (e.g., technology skills and
literacy). This combined set of information will help us identify
areas where we can improve our products and services to help
students improve their lives and meet the demands of the 21st
century workplace.
All of this work will culminate in the launch of NFTE’s
Entrepreneurial Mindset Index
™
(EMI) — a universal tool
for measuring a student’s capacity to think and act like an
entrepreneur. The EMI will allow open-source scaling of
entrepreneurship education against a common standard,
supporting our vision that all young people should have access
to quality entrepreneurship education — a vision that one
organization cannot accomplish alone.
Nearly 75 million young
people ages 15–24 are
looking for a job
More than 25% of
youth ages 15–24 are
unemployed in the
Middle East/North
Africa
21.9% of youth in the
United Kingdom are
unemployed
25% of Chinese
university graduates
are unemployed
Around one in three
employers (34%)
experience difficulties
filling vacancies due to
lack of available talent GLOBALLY
33% of U.S. youth, and
50% of minority youth,
do not finish high school
More than 17 million
U.S. youth ages 16–24
are unemployed
3 million: Shortage of
U.S. workers with
appropriate skills and
education by 2018
IN THE
UNITED
STATES
12 | Network for Teaching Entrepreneurship
Board of Directors
Maria Pinelli
Board Chairman
Global Vice Chair,
Strategic Growth Markets
Ernst & Young Global Ltd.
Ted Dintersmith
Board Vice Chairman
Charles River Ventures
Patricia Alper
The Alper Portfolio Group, Ltd.
Matthew J. Audette
Executive Vice President &
CFO
E*Trade Financial Corporation
Peter J. Boni
CEO Emeritus
Safeguard Scientifcs, Inc.
Noah Hanft
General Counsel,
Corporate Secretary &
Chief Franchise Integrity
Offcer
MasterCard Worldwide
Landon Hilliard
Partner
Brown Brothers Harriman
Mary Myers Kauppila
Chairman & President
Delaware Ladera Management
Company
Michael Kempner
President & CEO
The MWW Group
Steve Mariotti
Founder
NFTE
Stephen McDonnell
Founder & CEO
Applegate Farms
Victor Oviedo
Partner
SkyBridge Capital
Amy Rosen
President & CEO
NFTE
Anthony Salcito
Vice President of Worldwide
Education
Microsoft Corporation
Leonard A. Schlesinger
President
Babson College
Dia Simms
Executive Vice President &
General Manager
Blue Flame Agency
Diana Davis Spencer
President
The Diana Davis Spencer
Foundation
Peter B. Walker
Managing Director
McKinsey & Company, Inc.
Tucker York
Global Head, Private Wealth
Management
Head of US Private Wealth
Business
Goldman Sachs & Co.
General Counsel
Sanford Krieger
Of Counsel
Fried Frank
25 Years | 13
Board of Overseers
John Whitehead
Honorary Chairman
Stephanie Bell-Rose
Chairperson
TIAA-CREF
Michelle Barmazel
Consultant
Stephen Brenninkmeijer
Andromeda Fund, London
Eddie Brown
Brown Capital Management
Dr. Thomas Byers
Stanford University
Russ Carson
Welsh, Carson, Anderson & Stowe
James I. Cash
Harvard Business School
Ray Chambers
MCJ Amelior Foundation
Sean Combs
Bad Boy Entertainment
Kathryn Davis
Diana Davis Spencer Foundation
Mark Ein
Venture House Group
Stedman Graham
S. Graham and Associates
Michael J. Hennessy
Coleman Foundation
Reid Hoffman
Daymond John
FUBU
Moushumi Khan
BRAC
Elizabeth Koch
Koch Industries
Loida Nicolas Lewis
TLC Beatrice
James Lyle
Fulmar Advisors, Ltd.
Dr. Richard K. Miller
Franklin W. Olin College
of Engineering
Wes Moore
Author & Entrepreneur
Alan Patricof
Greycroft Partners
Jeffrey S. Raikes
Bill & Melinda Gates Foundation
Anthony Scaramucci
SkyBridge Capital
Jane Siebels
Green Cay Asset Management
John P. Stack
Springfeld Remanufacturing Corp.
Prof. Howard Stevenson
Harvard Business School
14 | Network for Teaching Entrepreneurship
2013 Regional Advisory Board Chairs
BALTIMORE
David Citron
WMS Partners
BAY AREA
Peter Marchetti
Goldman Sachs & Co.
CHICAGO
William Young
Equity Group Investments
GREATER DALLAS
Nicole Weeldryer
Goldman Sachs & Co.
GREATER LOS ANGELES
Jeff Green
NanoH
2
O
GREATER WASHINGTON, DC,
REGION
John Hasenberg
The Hasenberg Hartsock Group
Merrill Lynch
FAIRCHESTER
Alistair Jessiman
PNC Asset Management Group
NEW ENGLAND
Bryan Pearce
Ernst & Young
NEW YORK METRO
Mark Danchak
Entrepreneur/Consultant/Investor
PHILADELPHIA
Doug Alexander
Internet Capital Group
and
Stephen T. Zarrilli
Safeguard Scientifcs, Inc.
SOUTH FLORIDA
Howard Krass
IPD Analytics
25 Years | 13
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