Home News Virtual competition lets kids pitch business ideas

Virtual competition lets kids pitch business ideas

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It’s a virtual competition like “Shark Tank” for kids. All your child has to do is upload a short video with the idea.”The goal is to launch kids with ideas,” said Lowey Sichol, creator of Kids Idea Tank. Kids now get a chance to prove how smart they are and possibly start a new business in the process.”There will be judges who are some of the nation’s biggest entrepreneurs,” Sichol said.Sichol is a children’s author and the creator of Kids Idea Tank. She said it is a lot like television’s “Shark Tank.” It’s the third year of the kids’ creation competition. Any child under 13, and with their parents’ permission, can get online, pitch their ideas and possibly win cash prizes.”We’re looking for real business ideas here,” Sichol said.Last year’s winner made candles that looked like coffee mugs.Another winner, twin boys came up with knee skates.”These boys had taken apart rollerblades and reconfigured them, so they fit on their knees and they called them ScootKnees,” Sichol said.One 13-year-old’s idea was for an app.”That was like a tutoring app. It was kids helping other kids in school,” Sichol said.The app went national.”Schools are buying his app,” Sichol said.In June, the judges will pick 15 finalists who will get 5 minutes to present their ideas. The top three will get cash prizes and business experts will help them get the idea off and running.

It’s a virtual competition like “Shark Tank” for kids. All your child has to do is upload a short video with the idea.

“The goal is to launch kids with ideas,” said Lowey Sichol, creator of Kids Idea Tank.

Kids now get a chance to prove how smart they are and possibly start a new business in the process.

“There will be judges who are some of the nation’s biggest entrepreneurs,” Sichol said.

Sichol is a children’s author and the creator of Kids Idea Tank. She said it is a lot like television’s “Shark Tank.” It’s the third year of the kids’ creation competition. Any child under 13, and with their parents’ permission, can get online, pitch their ideas and possibly win cash prizes.

“We’re looking for real business ideas here,” Sichol said.

Last year’s winner made candles that looked like coffee mugs.

Another winner, twin boys came up with knee skates.

“These boys had taken apart rollerblades and reconfigured them, so they fit on their knees and they called them ScootKnees,” Sichol said.

One 13-year-old’s idea was for an app.

“That was like a tutoring app. It was kids helping other kids in school,” Sichol said.

The app went national.

“Schools are buying his app,” Sichol said.

In June, the judges will pick 15 finalists who will get 5 minutes to present their ideas. The top three will get cash prizes and business experts will help them get the idea off and running.