blog index

Hebron Academy Entrepreneurship Program

2008-03-14 09:57:30

Entrepreneurship program gears up.

This year’s Hebron Entrepreneurship Program, a co-curricular activity that teaches students the basics of business leadership, management, and planning, was launched recently with an initial sign-up of 19 students.

Now in its third year, the program offers participants the opportunity to interact with successful entrepreneurs, launch for-profit and non-profit ventures, and participate in a competition, the Entrepreneurial Challenge, in the spring.

“The group seems to be excited, and is looking forward to the challenge,” reports program director Bob MacLellan.

This year’s lecture series was kicked off by former Hebron students John and Brendan Ready of Ready Seafood, whose innovative approach to lobstering has resulted in a $10 million business in just three years.

Following the lecture, an initial entrepreneurship meeting was held in which students were introduced to the requirements of the competition and organized into teams of three or four members. Subsequent meetings will be held to refine ideas, develop business plans, and implement the prospective businesses, each of which will receive $250 in seed money, to be reimbursed with interest from any profits generated.

Winners of the competition will receive scholarships in the amount of $500 for each of two categories: most profits generated and best idea.

The Entrepreneurship Program was created in 2005 through a gift from R. Eugene Whitman, a Wellesley, Massachusetts, businessman and member of the Hebron Academy class of 1954. The program is currently funded through the generosity of Daphne Whitman H’54, her children, Chip and Hilary, and many friends and family who made gifts to the program in memory of Gene.

Last summer, Hebron was chosen to host the first EntrePrep Summer Institute, a week-long residential program developed by the National Council for Economic Education and funded by the Ewing Marion Kauffman Foundation. The program proved a success and will be repeated this July.

To learn more about what Hebron Academy has to offer, check out: on this page

Posted by lina