Black Friday Sale! 50% Off All Access

Where 'Shark Tank' Goes to Poach Young Entrepreneurs Starting up when you're 13 may not be easy, but for some it could mean landing big bucks -- as ABC's hit show 'Shark Tank' looks for fodder on school campuses.

By Kara Ohngren Prior

Entrepreneur+ Black Friday Sale

Our biggest sale — Get unlimited access to Entrepreneur.com at an unbeatable price. Use code SAVE50 at checkout.*

Claim Offer

*Offer only available to new subscribers

Opinions expressed by Entrepreneur contributors are their own.

Where Shark Tank Goes to Poach Young EntrepreneursNow here's a way to boost youth employment: Help them start up.

At the Young Entrepreneurs Academy, or YEA, middle and high school students in certain parts of the country can participate in a nine-month-long afterschool program that attempts to guide them through the process of starting a business -- from developing a business plan and pitching investors to obtaining funding and building a website.

"Our mission is to teach students across the country how to make a job, not just take a job," says Allison Osborn, director of student and community engagement at the Rochester, N.Y.-based charitable organization. "We believe that helping young people learn to identify and cultivate their passions and skills and then instilling them with the confidence that they can do these big things they dream about is the key to the future of our country."

It would seem others agree. Not only did the U.S. Chamber of Commerce become a national sponsor and partner of the program last year, YEA is being adopted by communities nationwide. At present, there are 47 chapters in 17 states across the country. The organization also recently teamed up with ABC's Shark Tank as it looks for younger entrepreneurs to appear on the show. Several YEA graduates have already been interviewed by the show's producers, says Osborn.

"This growing segment of impressive young minds is carving out a successful niche in the marketplace and we want to speak to them," says Shark Tank producer David Polanzak. He adds that an upcoming episode will feature young treps (11- to 19-year-olds) alongside entrepreneurs of all ages.

Related: 7 Lessons Every Young Entrepreneur Can Learn From "SharkTank'

"People are telling us that this is what they've been looking for and what our country needs," says Osborn.

Since its inception in 2004, YEA has graduated 870 young entrepreneurs from the intensive start-up program and launched 552 businesses. And, according to the organization's own stats, 80 percent of companies last for more than a year after students graduate from the program.

Further, some companies like the Rochester, N.Y.-based Scent-sations have lasted for much longer. Kerry Huang, now 18, was in eighth grade when she noticed that the scent of her perfume would diminish throughout the day. But she didn't want to carry the bulky bottle around everywhere she went. So, the 13-year-old did what any savvy future entrepreneur would do: She launched a business to solve her problem.

Related: How Guppy Treps Fared After a Swim in the "Shark Tank'

She reached out to YEA, and in about one year's time she had a working prototype of a wearable, refillable perfume pendant that would eventually come in a variety of styles. A couple months later she had her first customer, a small local boutique. Five years later, Huang's necklaces are now manufactured overseas and sold at retailers across Rochester.

"The program taught me critical skills and opened up [a] myriad [of] networks that are key to my future," Huang says. "I look back on my experience in the Young Entrepreneurs Academy with pride and accomplishment, and now know that I can do whatever I set my mind to."

To learn more about the YEA program and to possibly help usher it into your community, check out YEAUSA.org. To apply to be on Shark Tank, send an email to Polanzak (dpo.casting@gmail.com) no later than the first week of August. Include your name, age, contact information and a brief description of product or service.

How do you think a program like this could have the greatest impact? Leave a comment and let us know.

Kara Ohngren is a freelance writer and part-time editor at YoungEntrepreneur. Her work has appeared in publications including Entrepreneur Magazine, The New York Times, MSNBC, The Huffington Post and Business Insider.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

'Father Time Always Wins': Warren Buffett, 94, Just Announced Major Changes to His Plan to Give Away His Money

Warren Buffett continued his Thanksgiving tradition with a $1.1 billion donation of Berkshire Hathaway stock to four of his family's foundations.

Living

These Are the 'Wealthiest and Safest' Places to Retire in the U.S. None of Them Are in Florida — and 2 States Swept the List.

More than 338,000 U.S. residents retired to a new home in 2023 — a 44% increase year over year.

Business News

This Is What Black Friday and Holiday Shoppers Are Really Looking for This Season, According to New Research

Shopify's annual holiday survey revealed some surprising news about retail spending this holiday season.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Warren Buffett Just Changed Up His Will and Locked Out the Bill & Melinda Gates Foundation

Buffett still donated over nine million Berkshire Hathaway shares to the foundation, but the contributions will only continue during his lifetime.