Hi everyone and a good morning to our students and
friends joining us from the U.S.
and a very good morning to sorry good afternoon to
the students and friends joining us from Spain and
the Middle East
and finally good evening to the students joining us
from Asia including India,
Singapore, Hong Kong, Shanghai and Beijing.
On behalf of the New York Institute of Finance, we
welcome you all to the G2020 Young Financial Scholar Program
sustainable business idea of project presentation
contest.
we're all excited to have you all here today.
Several of my NYIF colleagues will be joining
us today. They are Mr. Michael Lee. Mr. Lee is the NYIF
Managing Director for Corporate Development from
our New York office.
We also have Ms.Vivi Hu.
Ms. Hu is the YFS Program coordinator from the New
York office and also representing the NYIF teaching
assistant team.
We have Dr. Sudeep Rathee.
Dr. Rathee is the YFS Program director and member of our
research advisory committee.
And finally we have Dr. Jack Farmer. Dr. Farmer is
the NYIF U.S. Curriculum Director and member of the
research advisory committee.
In addition to my NYIF colleagues, we're also happy
to announce we have another six NYIF senior faculty
members joining us
today and together with Dr. Jack Farmer and
Dr. Sudeep Rathee as well as
Mr Michael.
They will form the expert committee and be participating
in the voting process and also selecting the top performing
teams today.
They are Mr. Jake Cho.
Mr. Cho is the Strategic Advisor at i-SENS where
he is a Healthcare Technology Focused Corporate
Development Executive.
We also have Dr. Khosrow Mehrzad.
Dr. Mehrzad is the Managing Director at Parsa Capital Management
where he is a Senior Executive in asset management
and risk management.
He spent most of his professional career working
in global financial companies including
JP Morgan and Deutsche Bank.
We have Mr. Richard Levine. Mr. Levine is a NYIF senior faculty,
a CFA charter holder and has over thirty years of experience
in the financial markets, products and client management.
He also currently serves as the Adjunct Professor
at NYU business school where he teaches MBA classes
in equity evaluation.
We have Mr. Jimmy Pang. Mr. Pang is the NYIF senior faculty,
senior lecturer in areas of portfolio management
and macroeconomics,
a member of the NYIF research advisory committee
and a visiting professor at NYU.
He is also the chairperson for today's contest.
We have Mr. Jerome Wong. Mr. Wong is a senior investment
banking professional who spent over twenty five
years in chemical, and working at Chemical Bank, Citibank
and UBS
and is a current Adjunct Professor at Fordham University.
And finally we have Dr. Nabil Zaki. Mr. Zaki is the
Managing Director of Global Finance & Derivatives
Associates in the U.S.
and Nabil has been in investment and banking industries
for more than forty four years now.
We want to welcome all of our faculty and expert committee
members and thank you for joining us today in helping
us evaluate our students research projects and again
we thank you very much for that.
Let me now introduce you to Dr. Sudeep Rathee, who is the YFS
Program director and will briefly share about the
YFS Program, the ideas behind the research projects
and more.
I now hand over the mic to Dr. Rathee, thank you. Thank you
very much Brendon, thank you very much for this very
nice introduction and hello everyone, a very warm
welcome to this presentation session.
For those of you who are joining our webinar for the first time,
I will give you a brief introduction of the night background,
but those of the others who are coming
for the second time or third time or or yet another
new time, we welcome you once again.
Now as some of you already know, New York Institute of Finance
has been focusing on providing financial training
for now almost one hundred years.
We have trained at all one million professionals
worldwide
and we are very proud of being the learning partner.
Now today's event
and the Young Finance Scholar Program.
As some of you who have your kids or your friends participating
in the program, you already might be aware
that YFS is an especially designed intensive learning
program. We have created this program for high
school and middle schoolers.
The program is a systematic, has a systematic curriculum
to train these young scholars on high level topics
related to business management and mainly financial
world concepts.
But the YFS classroom sessions is only part
of the learning,
the other major components are the applied learning,
the research projects and the personalized coaching
on real world topics.
We offer each of these senior and junior groups specific
research projects where they can take mature real
world idea and try to develop into a presentable professional
something like a page.
So today is the turn of our
slightly younger but extremely talented middle
school student groups.
They will be competing for the G2020 YFS
sustainable business idea.
This was also a personal coaching attempt by our research
committee to train these young brilliant minds to
help them make an attempt at
these real world problems and challenges that they
see all the time around them and probably some of them
excite their minds
and the response to be very fair has been phenomena.
Today they are attempting to address two of the most
pressing issues of our time specifically attempting
them through the lens of business.
These two topics are sustainability and entrepreneurship.
They will be acting as cofounders and presenting
their business ideas on for profit and not for profit
ventures.
Now when you are elevating and looking at their
presentations, please keep in mind of few things. First
these are their original ideas and their efforts,
and the hard work they put is the is the one which is
reflected on their presentations. Our coaching has
largely been limited to providing them some guidance
specifically say on editing presentation tips, also
helping them to work together
the team and
kind of play some kind of mental rules for them but
largely it is their own work.
And then the other important aspects, these are
ten to twenty years old, maybe many of them might grow
up as the prodigies the ones that we here now as all
like this famous business man or this famous entrepreneur
they were they started their first idea when
they were thirteen years old or twelve years old,
so maybe some of these prodigies especially when
you hear these ideas you'll be amazed that maybe we have
some of these prodigies among us so
their talent and we will try our best to give them the
opportunity and platform whenever wherever we can.
Now without holding you up for long, I wish all of our students
presenting today a very best of luck. All of you have
prepared
very well. I have worked closely with you. I've seen your
presentation. I've seen your work.
You are doing going to do very very well. Now relax and
be ready to present.
And to you, all of our audience, I hope you will like the hard
work of our students and going to enjoy this session.
Thank you once again. Back to you Brendon.
Thanks Sudeep. Ok, let me now quickly introduce Mr. Jimmy Pang.
Mr Pang is the NYIF senior faculty member
and chairman of the YFS research committee. He will be
introducing the voting rules including the prizes
and the voting process that will be conducted today.
I will now hand it over to our faculty Mr. Jimmy Pang,
Thank you.
I'm here thank you all for joining
and we have an exciting day for you in the sense that
you are all going to very actively participate
to determine the final winner.
You'll put your participation manners greatly because
you're going to see all the presentations and actually
rank order your favorite team.
And this is going to be live.
So I hope you do find this session exciting.
Again your active participation is very important
for helping choose the final winner.
So when you're listening to the presentations, you
really do want to pay attention to see which
of the teams are prevents present the best idea,
what your own thoughts are and were they able to convince
you of their idea.
Does the idea
make sense, is it logical is going to change the world.
And we are fairly certain that they prepared very
well for this.
Ok now keep in mind this is the ranking process. Let
me share once again what the link is.
So you can see in the chat box for everyone that's
attending
that you will be able to vote for your teams.
Okay
So we're going to do a quick demo but essentially
the the audience yourselves you have
a 30% weighting in this final vote and it
is a weighting process which means that you will be rank
ordering your choice is not just choosing the first
winner.
you'll be able to do that of course,
but you will be moving the arrows and the teams up and
down.
And
the teams that you see
on the sites
will not be in the order of the presentations.
we're doing this on purpose so that we none of us actually
know what the final winner is yet. Certainly you are
both matters, but 30% is your weighting
and the committee
will also vote after that 70% in
the same process, the same procedure. But your vote
is 30%, the committee is 70%.
And you will see that it's done live, but you won't know
who the final winner is because the teams will be covered
on our end and they will be randomized on your end.
So let's do a test run as an example.
So let's see if I can share my screen with you and then
you can get the hang of this.
This process is really easy. It's painless. You just
need to know what that link is. So bear with me for
a moment while I set this up.
Okay
All right. I am going to make this poll.
Let me share my screen and then you can see what's happening
on a live basis once I activate this.
All right. So this particular test
is now active.
All right.
Right some you can see that the teams are hidden on
our end but you will be able to go to PollEv.com
PollEv.com
/jimmypang418
now keep in mind, keep in mind,
you will have to move the arrows in fact. Let me see if
I can show you
a sample boat on my end.
Okay
Ok. I'm going to show you a sample but i'm going to go
to pollev.com and let's see if it allows me to vote.
Ah ok. So everyone can see my screen.
If, now keep in mind you have to do some work
to make your favorite team to at the top.
Let's for example. Let's say Team A, if you watch my screen,
Team A, you love Team A, you want them to go to the top, well
you would get to do some work. You get to move the arrows,
wow up up up.
Now my Team A is at the top.
I think Group Y should be in third, so I'm going to move
them down. So we will give you enough time to do this.
So that we, you know, have enough participants
and once we reach the maximum capacity of the participants,
we will stop this. So you could see
these, you could see the order of the teams moving which
on to hide the teams so that no one knows the final winners
and random and it's random when you're in.
But you see once you're voting it's a live vote just
like they do on TV. So hopefully this is exciting for
you and you can see the importance of your participation.
So let me see how many responses.
We got a decent amount of responses.
So we'll let a couple of people working play
around with this.
So remember keep in mind again that you'll have to
be using those arrows to move your teams up and down.
Now once you've done that,
then the committee, then it's our turn to do the same.
We will do the same live
and then we will take a short break so that we can calculate
the winner, 30% weighting from you,
70% from us.
Okay
Uh
Now the winner, the top two teams, this is important
as well I should make mention of this.
The top two teams will receive a
monetary award. So it's not just our participation
will actually win some money
for the groups
and the monetary award
will be...
it will be
one
it will be, oh I'm sorry, it will be six hundred dollars
for first place,
and three hundred dollars for the second place group.
So this is real money here. Six hundred dollars
for the first place group, three hundred dollars
for the second place group. And we will also have other prizes
such as best
presentation award, best innovative idea, most global
idea,
best sustainability idea.
So keep in mind for our teams, we think all, we believe
all our teams are winners as well. You, as the students, you've
done all the work.
But keep in mind is not just all about the money. So the
monetary award is fine too, but we also have these other
awards.
So let's actually get started. We will get started
in terms of the team order
and Group A. Still remember the teams, do the best you
can remember the teams of course and the participants
of the team. Let me stop sharing my screen.
Let me stop sharing my screen.
So
So I think you're all set.
Group A
with Cheryl
Okay
I get
that's correct
Group A
Make sure.
Group A will be Cheryl, ZiChuan, Kiara and Konstanze.
So you guys are all set?
You may begin.
Hello everyone,
hope you all are having a nice stay and thank you for
coming to listen.
Me and my group are very excited to present to you our
company business idea on a digital magazine called Aicre.
My name is Chuan Lin. I come from Hong Kong. The school I go to
is the Independent School Foundation Academy
and my job in this company is the Cofounder of and Head
of Financing.
My age is twelve.
I am Kiara Thomas. I live in Shanghai. I go to Wellington College
International Shanghai and the Cofounder and Chief
Marketing Executive. I'm thirteen years old.
Hello I'm Konstanze. I live in Shanghai. I'm thirteen
years old and I go to Wellington and my job is Cofounder
and Head of Product Design.
Hi, my name is Cheryl. I'm from Shanghai, China.
I go to Wellington College and the Cofounder and
Head of Finance. I'm twelve years old.
Okay goal and objective. Aicre's goal and objective is
to educate students about global issues and problems
and most importantly the seventeen
sustainable development goals.
um
We want to tutor them on a religious subjects including
math, english and science.
We would buy to doing sessions on that are one on
one to fully get to understand what their learning
to further educate the students on global issues
that we face
and how to live sustainably. We strive to educate the
next generation on these issues because it's important
that we achieve these goals
and we want them to be able to we want them to learn about
it and generate creative solutions.
We want to create a website and an app
where we will upload free lectures and articles on
sustainability.
We will also encourage students to send in their own
articles that they write on about what they learn and
we will post them on our website for everyone to read.
We also sell merchandise that it's made of
sustainable materials to expand our community and
further spread the message on the sustainable development
goals and we believe that together we can continue
to spread knowledge on sustainability and better
our future.
On Aicre, we plan on creating a digital magazine and app
that will be run by students. On our app and website,
we will broadcast our lectures and articles mainly
focusing on sustainability.
We plan on training students one on one on different
subjects at school. These twitter session will be
online and will be a source of income for our business.
Our app and website will be free of charge and our merchandise
will also be sold.
Our merchandise will be made of sustainable materials
and will be away promoting our business.
We accept donations from different donor raisers, charities,
etc.
We will advertise on all social media platforms and
perhaps even on TV.
Who are we targeting to?
We hope to target our products through age groups from
eight and older.
Our articles are free for everyone to read.
We hope to contact schools around the globe to find
students who are interested in our program and are
interested in promoting the app.
We will create social media accounts on all platforms
to reach a wide variety of our students and make our program
known.
Our social media accounts will be a portfolio of our achievements
and our future plans and aspirations.
Our websites, apps and tutoring
We will post article and if private tutor recessions
by developing a convenient and easy to use app and
website.
Students will be able to write their own articles to
post if articles are informative and interesting
and ensures that students can be recognized for their
hard work. It also benefits our readers a lot.
Lessons will be taught by students and young adults
with age ranging from 18 to 25. We will
also include a premium membership which allows access
to exclusive articles and a discount on classes.
We will use this money to employ tutors, create a website
and an app, fund different competitions for students
and produce merchandise.
We plan on being funded by the help of
charities and donations from various schools around
the globe.
The schools who are willing to invest in our program
will be rewarded by us sending professionals
to give lectures and access to all our articles and
tutor recessions. To start off our business we want to
raise a $50,000
of price to buy the website, find tutors and produce
our merchandise.
We will involve as many schools as possible to participate
in our program so we can expand and start running competitions.
We want to make our online tutor recessions really
special from the others due to the pandemic we are
left with the only choice of tutoring but do this being
the only way that we can tutor nowadays is still being
unadvantaged it is actually
opposite way since increased competition for online
classes. So we will have to make our classes outstanding
to maintain the sustainable business. We believe
student teachers had
we believe student teachers had the best choice
are the best choice since they make classes more energetic
energetic and fun the age is not that big of a difference
and at the same time they are educated enough to cover
all the
information needed to be learned.
And they also had very high grade much higher grade
and we'll be at the top schools.
We are going to get our company income from our website
and app, our merchandise, our tutoring and donation
from social media.
Our website and apps will be free to access but there'll be a
premium membership to gain
and these memberships to have further classes
and discounted to merch.
To explain our global issues and show how to be sustainable,
as mentioned students that have written exceptional
articles will be posted on our website and app.
Our merchandise
will have simple clothing and brands. In each of our
merchandise there will be motivational elements.
By doing so we are broadcasting our company.
The clothing is comfortable and sustainable so that
you're purchasing for actual reasons
throwing them at the back of their hit
The tutor online as we are helping you gain world
interceptions
They're going to learn about the seventeen
listed world problems and how to fix these problems
etc.
We also include some basis subject such as English. The tutors
of these tutoring courses are going to be 18
to 25 years old to ensure that the courses
will be more interactive and the teacher
will also get
experience. This helps us convince the students why they
should donate or join our community and give them
projects related and based on real world problems.
Our donations come from our website and apps (Sponsors).
Broadcasts are in our social media platforms and
TV advertised and showed responsibility of taking
action.
Some of the social media platforms will be Twitter, instagram,
Wix and Flipboard.
This will give us a wide range of audience, make our
programs sound modern, fun and outstanding and show
our achievements and the benefitted people around the world
that as well as some student projects.
Over the next six months we will create a website and an app; reach out
to different schools who are interested; employed
tutors and film lecturers;
write some articles on sustainability; find students who are interested;
set up the website and upload information about
our organization and get as many people who are interested
in sustainable
in sustainability involved as possible.
Thank you for listening.
Okay, great, thank you very much,
thank you very much.
That was quite an interesting presentation
and we see how much work you put into it. Group B, let's
move on to Group B and Broup B
is Yuchi, Iris,
Daniel
and Luke.
And make sure you unmute yourself, make sure you unmute
yourselves for the presenters.
Hello I'm Luke, I'm from Guangzhou but I'll
be back in the U.S. in january because of the pandemic.
Next year I will be in Grade in January I'll be in Grade Nine
in
the one school of Arts.
Go ahead Iris
I'm Iris and I'm thirteen years old. I currently live
in Shanghai and I go to Wellington College International
Shanghai and I will be in Grade Eight next year.
Hello my name is Yuchi, I also live in shanghai and I study in
Wellington College International Shanghai. I'll be in
Grade Eight next semester.
Hi I'm Daniel. I'm in California and next year I'll
be going to sixth grade at Harker Middle School.
As an outline we will start with our business idea
then we want to our company set up, then the target market
and customers, business model, organizational structure,
funding plan,
our plan of activities and finally our final thoughts.
Our sustainable development goal is responsible
consumption and production because it is important
to make good use of the limited resources Earth can
provide. Our business ideal is an e-commerce site on
which expatriates who are moving from
one country to another can sell items that they do
not need. What we are trying to solve is some expatriates
are not able to sell their good quality possessions
and may throw them away or be forced to keep them.
The demand our products fulfil is
is that of expatriates who wished to dispose of possessions
they no longer want.
We will be setting up a company by the name of Expatrian
in Toronto. This company aims to help expatriates dispose
of possessions they no longer need: hence our product
will be a e-commerce platform that primarily serves
expatriates, and will
operate in areas with large expatriate communities.
Our company offers its e-commerce site to expatriates
relocating to other areas of the world. With the
purpose of alleviating inconveniences caused by
problematic situations in which the expatriate wants
to dispose of large items such as
furniture and other possessions but is unable to
find a sustainable way to do so.
The site is also aimed to help the general public obtain
items they desire at a cheaper price compared to other
websites and shops since expats who are keen to get
rid of their possessions will most likely list them
at a lower price.
little action
The purpose of our e-commerce site is for
expatriates
that are relocating to other parts of the world
in which they can sell possessions that they
do not need but are in good condition to be passed on
to other people who chose to acquire it on our platform.
We are different from other e-commerce site because
our platform is except
to expatriates.
We are providing them with the service they need. We may
also rent out to a delivery platform on which expatriates
can order food from their home country instead of throwing
away items that
are still need they used are being forced to carry them to another
country. Using our platform to sell them to other people
who are cheaper price compared to most shops not only
in these expatriate
burden but also reduce the number of items and always
being created in factories and natural resources
being used creating a more sustainable environment.
In the first few months we will only promote via social
media due to financial concerns. Then if we can raise
enough money we may put up physical advertisement
in large expat communities are places where they
are likely to visit,
for example airports. Finally after a year or so if
we successful we can put up internet advertisement
also targeted to ask experts on sites where they are
likely to visit as a permanent rental sites. We will
also have ads showing on
in specific geographic regions with large expat
communities. For price there are several areas that
money needs to be sent in order to get to e-commerce
adoption running. First we will hire computer engineers,
admin staff
and sales marketing staff and pay them salaries. We will
then rent an office which is with a server of database and a
server and a data center to ensure the website is more stable
for our users.
We will need to pay for mortgage expenses for example
advertisements. For obtaining revenues our company
will charge a listing fee from expats which will depend
on the item being listed and its resale price. We will also
charge those who wish to have a
place in our website. Additionally we will offer a
premium membership to the general public. After processing
the membership they'll receive benefits for selling
and buying on our website including but not limited
to being able to purchase items on our website
with a discount and listing an ad with a cheaper fee.
Dubai and Toronto are homes to the largest expat communities so
those are the cities we will serve first.
As we start this business we all raise funds to complete
the requirements of maintaining at the e-commerce
website for around $2,000 to $5,000
per month and giving an average salary of $48,000
to each hired staff. In the
first date of funding
we will mostly rely on investors, our own saving and
ask loans from family and friends. After we make
a decent amount of money we are then asked most from
banks. Investors will also receive shares based on
how much they contributed out of pocket.
For a plan in the first six months it will take several
steps to ensure site run successfully. The first thing
we will do is to find the cheapest price to rent an office
and hired the minimum number of staff needed as the
site is still developing. We will
communicate with our investors and show them our
progress so that they will be willing to continue
to support us. We will also promote our products while
methods detailed earlier. Customer feedback will
be taken into account as our sidewalls and adjustments
and improvements
can be made on the suggestions so that the number of
site users will increase.
As cofounders we would like to emphasize that it is
important to make good use of the limited natural
resources the earth provides for us.
And as they are being consumed faster than ever in
the modern era the significance of finding solutions
to this problem should be brought to his attention.
By establishing exhibition our company aims to create
a more sustainable environment
and at the same time assists expats around the world
moving frequently from one place to another. As more
and more individuals globally are choosing to become
expats whether it is because of the financial benefits,
travel experiences or improved
the work culture, it is certain that this industry
will continue to thrive in the next three years.
Thank you.
Thank you very much, thank you very much. That was Group
B,
Yuchi, Iris, Daniel and Luke.
And now we move on to Group C,
Heidi,
Marin, Stephen.
Group C, Heidi, Marin, Stephen.
Hope the audience is taking notes.
Hi, I'm Marin.
I'm in Scarsdale, New York and I'm twelve years
old.
Hi, my name is
Stephen. I'm currently living in Bombay, India
and I go to American School of Bombay.
Hi, I'm Heidi and I'm from Larchmont, New York
and I'm fourteen years old.
We chose sustainable goal number eleven, sustainable
cities and communities. The target is 11-2
Affordable and Sustainable
Transport Systems. We thought when
people can't find a parking spot they would go in circles
to find a vacant spot, that would release a lot of
emissions into the air which is bad for the environment.
Our business idea is to create an app that can help
you find a parking spot. With this app you can reserve
a park, you can also reserve a parking spot so that you
don't have to worry that you will be late because of
parking.
Our company's name is CARK
and for it needs a for-profit organization. We plan
on starting our product in New York City and then getting
another location from there. The mission of our company
is to help the environment by having less emissions
released
into the atmosphere, by creating an app that will help
people find a parking spot.
Now I'm gonna pass over to Heidi.
Target and market customers
Our biggest market customers include car drivers,
shopping malls, parking companies as well as taxi
management companies like Uber and Lyft. These customers
can all be benefitted by our app because of the importance
of parking for their own customers.
Organization structure
At the beginning of our business we are starting out
as a flat hierarchy and hiring a few of the most needed
contributors to the development of our business.
These contributors will include
technicians and app developers that can help create
our app. We would also hire a small management team
who can help us
market our products.
As our business progresses and expands our company
hired key will expand with it and becomes steeper.
We will continue extending our app by different
partnerships as well as investments to support our
work.
Now we explain our business model. As mentioned our product
is our app. Our app is for easily finding a vacant spot
in a parking lot. Parking fees will be paid through
the app and the order can be cancelled within thirty
minutes.
If it's cancelled in one or more hours there will be
a seventy percent refund.
Place
The place of our business that will take place in New
York. We will start our product in New York for our first year.
Then in our second year we will take it national.
All we get successful nationally we will release
it globally.
We will promote our company by the help of our advertisement
team.
We will advertise on TV or by posters. We will paint posters
especially parking spots.
For our price according, customer would pay
$0.5 to us and the parking fee which
is for the partner company will be paid at the same
time.
Another way that will raise money is by advertising
for companies in our app.
We will also be charging parking companies a small
fees since we helped them with parking congestion
problems.
Now the funding plan. We would need
$250,000 to release out our app.
Out of $250,000
$150,000 will be used for hiring
a programmer, technicians, app developers and a technology team.
We will also be getting money from our investors so will
be giving our shares of our company when our company
is successful and is on the stock market. Now I'll pass
on to learn.
I think you're unmuted at the end Marin
Oh
Which part would you stop hearing?
Plan of activity
Okay so let me reach.
In the first six months we plan on finding investors,
getting an office building and hiring staff. We want hire
someone with experience with creating apps and we
want to develop the product with them. We also want
to hire some people
who can help us market our product. Maybe we can get
some ads on TV to help get the word out. We also want to
talk with other companies about working together.
Yeah
As cofounders of CARK we believe that it is very important
to have a sustainable future and this app will help us
get us there.
We believe
people will find this useful and efficient.
Thank you.
Great, thank you for another interesting presentation.
Group C with a parking app. So just keep in mind what
the different presenters are doing, how they're presenting
and also what their idea is.
Now we move on to we are moving right along here moving
on to Group D.
Okay Group D
Thank you
Group D is Wayne and Ruby.
Group D, Wayne and Ruby. Take it away.
Hi my name is Ruby. I live in Anaheim, California. I go
to school at Fairmont Private School and I am ten years
old.
Hello I am Wayne Shi. I live in Lake Forest Park, Washington
and i go to Lakeside School and I am twelve years old.
The two main sustainable development goals we are
trying to achieve are responsible consumption and
production. To us, reducing food waste has the same
effect as recycling perhaps even more.
Zero hunger too.
One third of the world's food is wasted, but there are
still 821 million undernourished
people in the world.
First we want everyone to have three
healthy meals a day. Second, we want to have less food
go to waste. Our website and app will help solve both problems.
We are planning to create an online service that connects
the farmers
with the people in need. The online service will be done
through a mobile app and a website.
Company set up. Our organization will be a non-profit.
All of our earnings from sales and donations will go
to
helping people afford food, paying our
employees to provide our best service,
supporting operations and expansion. Our company's
name is Food4Match.
Food4Match in on a mission to connect farmers
and people in need of food and provide them with a fast
and convenient service that stops hunger and reduces
food waste through mobile and online platforms.
Who are we doing this for? We are doing this for individual
buyers who can't afford food on the market at regular
prices,
Farmers who are about to toss their produce but could
reduce their loss through our service or willing
to donate for goodwill.
This is our organization structure.
Um
Product: An app and a website that match farmers (who are
about to toss their produce) and people in need of
food.
Where will we deliver or sell it?
In the U.S. at the beginning, but we will consider expanding
to other countries.
We provide a service, but don't deliver the produce.
Farmers are required to
to put their approximate location so that buyers
can choose the best option for price and convenience.
Fund raising. We will try to crowdfund for the good cause
using Kickstarter or GoFundMe. Family and friends
will donate. Apply for a government grant and a portion
of our own savings. Last a grant
from a large foundation.
Funding plan. Expenses
Website and app development which is
$25,000.
A server to run the service
which is $2,500.
Getting a business license which is
$500.
Pay the IT manager
which is $60,000
per year.
Insurance $750 per year.
Cloud space 2TB $10 per month.
Advertisement $500 per month??
Other costs $500 per month.
Total funding needs for the first two years
$180,000.
Promotion or marketing strategy
Flyers around the town that we live in.
Create social media pages on multiple platforms.
Online fundraising events to also market the service.
Prist (cost and revenues)
Costs. While costs were already discussed on the previous
slide but here some of the main ones.
We will spend up to $30,000 to start a business
and then running costs for the initial two years are
totaled about $150,000.
Revenues
There will be no charge to individual buyers but they
have to sign up for a membership. We will take 1%
of Farmers revenue
from their sales through our service.
Donations will be the main source of funding to support
the business.
Here are our plan of activities for the first six months.
The main ones that we need to fulfill
in Month 1 is getting a business license and applying
for nonprofit status,
posting job ads to higher IT manager
and choosing an accounting system, setting up email
phone numbers and other means of communication.
In the second month we will interview and hire the
IT manager
and come up with a website idea.
In the third month we will set up app and website and
put it on to a server
and then consult the farmers for their input.
And in Month 4, get family and friends to
try the app to see if it is user friendly and if there
are any bugs
and get some people to start signing up on the website.
In Month 5, we are going to make adjustments
on the app and website
from the
um
testers input and after adjustments are made we will
release the beta version.
And in Month 6, we will released the app and advertise
the service and put the link on social
media pages we have already created.
Our final thoughts. As cofounders, we believe reducing
food waste increases resource
resource
efficiency, supporting responsible consumption
and production. Don't let food end up rotting and spoiling
in the first place. Winning the trust of our
donors, supporters
and customers (both farmers and are undernourished
people) by our excellent service is the key to our business
success.
Let's end hunger with our passion and your support.
Excitement beats stress in developing this non-profit
start-up.
Hope you enjoyed. Thanks for listening.
Thank you very much for such a detailed presentation.
I hope the audience is keeping in mind the age of our
presenters.
So let's let's...Thank you thank you
you both presenters.
So that was Wayne and Ruby for Group D.
Hope the audience is taking just as detailed amount
of notes because again you're going to have to grade
and rank each team at the end.
We'll move on to Group E and Group E
okay
is
Harry,
Lena?? Lena Van
and Emma. Group E
Okay you guys ready?
Yep. Yeah.
Let me just share the fun
on the full screen
Patient.
All ready.
Hello everyone this is our project for the startup
competition where Group E consisting of me, Lena and
Emma Mao.
So first of all me talking right now am Harry Headrich and
I'm from Jersey City, NJ. I'm fourteen and the school
I'm going. I'm going to go to Ninth Grade in the fall.
My name is Lena. I'm from shanghai, China,
and I go to Wellington College International Shanghai,
and I'm eleven years old.
Hi my name is Emma Mao. I live in Greenwich, CT. I go
to Greenwich Academy. I'm going to Sixth Grade next year,
and I'm ten years old.
Okay
So our business idea is related to the sustainable
development goal number four of the United Nation
which is quality education.
The main idea is to provide reading material to those
who need it particularly those who don't have it.
The reasoning for this is simply that a large area
of the world does not really read that much. There is
a lack of reading among the young population.
As well as many areas that have underfunded schools
and they receive insufficient learning materials
from government funding.
And since the world needs education the further development,
we believe that the lack of books and the lack of proper
materials is something we should address.
So the company set up.
First of all, we're a nonprofit which means we don't
take profit from
any of the income that we receive. Instead all the income
goes
into funding the company, make funding the company,
make it expand, help us fund our charitable ventures
and lastly to market our services to those who need
it.
So we have a working name as of right now which is The
Mailbox Library. It's untaken.
So it's a pretty nice name.
And so we have a fancy man see mission statement right
here.
It's very eloquent.
and he had it probably be rather effective.
So organization structure.
So as of right now we three are the only cofounders
because of the fact that we will and would have just
started the company.
Although we would hope to hire further employees
in the future.
So
me, I am the Chief of Operations.
I am the Marketing Director.
And I'm the Financial Director and Human Resources.
So in the future we would require a lot
more employees.
Here is like a diagram. It's like just ignore the owner
president thing because it doesn't really fit here.
But other than that we would have marketing, human
resources, operations and also accounting.
making ...
this
okay so
Our users, partners and target Market.
Underprivileged and remote area students who face difficulty
in sourcing books.
As we know some people can afford books
and don't have as good as
don't have
as good education as a so will help them and donate
books.
Our potential partners will include schools,
universities, public libraries or other NGOs which
is non governmental organizations. However, anyone
who needs once a
if anyone else wants a good book will also
We also have a large online ebook collection
among others, we will advertise our branch locations to these
demographics to
encourage them to seek out support.
Okay so
Okay so how will we achieve our goals right?
So we say oh we're going to advertise to this demographics,
how are we going to do that? Well we're going to distribute
books to the places that need them, how are we going to
do that?
Well here. So first of all we would create a website
so that people can find out about us.
Two we want a house a large ebook collection
of course we can't let them be downloaded but that
but
you could allow them to be read for
either a very low price or for free.
after negotiating with publishers,
authors
and yeah.
Otherwise we could distribute books through
volunteer by building say say if we have like a local
branch right.
Then we would be able to
we will be
we will be able to
allow for volunteers to get in contact with us
and as a result they will be able to help us distribute
the books that we have brought to the community around
them.
Otherwise with more obscure or hard to reach markets
like
say for example
areas in africa or really or remote villages places
really hard to normally get to right, we would be able
to work with other NGOs such as UNICEF for example
in order to work together to serve markets.
Other than that there are also books that aren't
for example in certain languages
and
since that's a barrier to allowing them to read we
would also make a part of our mission to translate
these books.
So first of all we will start to start off our business
over here in New York City because of the fact that
is a large range of demographics.
There are people who would be willing to donate in
the higher echelons of society perhaps and at the
same time there are many needy people in the lower
income areas.
You're muted Lena.
Promotion.
With other NGOs or foundations
with other NGOs or foundations
we could help promote our company and digital marketing
such as
and we can use social media to promote our company.
Sponsors. We could sponsor people to promote our
company events or partners with other companies
and television ads.
The price. The price depends on the quantity of the
book. So say a customer wants more than one of the book that
of course would cost more. And also the quality of the book because
some books are more popular than others like if you
found a book that
it's like The Tale of the iPhone that wouldn't be very
popular, but other than like Harry Potter would be
much more expensive. Also if it's hard cover it's going
to be more expensive than paper back up yeah and also
if it's used when it'll be less expensive than ever
with new.
And then people will first pay us money to buy the books.
Funding plan. Our funding requirements:
Most of our money comes from what the people pay
us and that's not but since we're nonprofit all of
that money goes into expanding our company, marketing
our company on websites and
also our charitable ventures. If we need any extra
money, it would probably cost from $10-50
depending on the quality of the book,
per book, if we need extra money for looks. And for anything
else like a marketing,
we probably spend about
$1,000-10,000.
And so for our fundraising plan.
Since we are a non-profit, we have donors. So our donors
will be friends and family who are willing to help
fundraise our
business and also the government
and also a book company and publisher. And those
are really important because they like the main source
of where the books come from. And also different philanthropists
such as Ray Dalio and Warren Buffett and Bill & Melinda
Gates.
If they are
willing to agree to our terms and understand our message,
then they might
the philanthropist and also different foundations.
So for our first six months.
In Month 1, before registering our company officially
we want to create a website and our trademark and make
sure our name is totally patented. we wanted to secure
our business and make sure that no one can take it and
we just want to basically set up the office. And in
our second month, we officially will found the company
and will start negotiating with our donors to see
if we could strike some good deals and help us begin to
achieve our goals in creating our business.
So after we have like the basically start up we get
some seed capital and then we started to gush dealing
with other non profit organizations.
Like i said before like you assess much good help us
further develop my lot rather because they already
know what they're supposed to be doing.
After that though we would have to say for example
we would build our first branch
and say an area like Harlem right.
So from there we would try to get volunteers and we
would and from and from there we would also
um
we would also first also negotiate with publishing
companies,
authors to get book discounts and if we can get book discounts
that would make our job a lot easier because then we
can purchase books in bulk for a cheap and thus be able
to donate them more efficiently and at a larger quantity.
So after we get a first branch up and going we can
we can eventually start to expand once more people
know of us and are willing to help us.
And thus in Month 4 we can start
expanding to other areas, other cities,
in places perhaps even across the world other than America.
Set up
we would set up branch offices in bigger cities such
as
Los angeles or San fFrancisco for more people to
notice us and to make company bigger.
And
lastly we would keep our company going and try to bring
it to the whole and expand our company to the whole world
so that more people would get involved and we could
donate more books that people don't need books.
Our final thoughts
Us, as cofounders, we believe that education is the
top priority and can help strenthen one's understanding
of the world.
The main goal of our company is to spread joy by engaging
young people in reading.
Everyone can learn something from books, and we
thus hope that through our aid,
disadvantaged communities around the world may
receive and benefit from quality education
as much as we have.
And that's about it for us The Mailbox Library.
Thank you. Thank you.
So
yeah that's about it. I'm almost anyone has any questions
although i'm not sure if people if fear a lot to answer
them.
All right.
Thank you The Mailbox Library.
I don't know if anybody noticed but there's actually
moving things on this these presentations so not
only are they learning the skills of sustainability
entrepreneurship but these powerpoint skills such
as
this little thank you here
is a fairly impressive.
So it was even animation is involved.
Okay and on to our last but not least
final group, Group F. If you will, Group F
and that is Alexander with a T Tian, Alexander with
a C Cheng. There's two Alexis here and a Peter. So
Group F,
please take it away.
Hi I'm peter. I'm twelve years old and I live in Scarsdale,
New York.
I'm Alexander Change. I'm twelve years old and I live
in Yorktown Heights, New York.
Hi I'm Alexander Tian and I live in Scarsdale, New York.
We will be presenting our business startup based
off of the sustainability goal number four today.
First of all I would like to thank you all for coming
to our presentation.
Our business startup will be named ERUDITE
which means having or showing great knowledge and learning.
We provide students with different teachers and
customizable lessons.
We are a marketplace,
we are a virtual marketplace of talented and skilled
teachers or adults to promote themselves for students
to find.
On our platform students will be able to find many
different teachers providing different and valuable
content for the school curriculum or their extracurricular
interests. They will be able to interact in a session
of their choice.
We are different from a social media platform or a
platform where we hire teachers to give education
to students, but instead it's teachers going on and
applying themselves
and then students can just find them.
We are also a stage
for students and teachers to provide ideas of different
competitions and activities that will be put into
place for every week which can be changed. This will
help inspire students to participate competitively
and motivate them to learn
to show their growth of knowledge.
Winning competitions can mean prizes and better
credentials understood and profile.
We are also a platform to distribute quality learning
resources from reputable content providers we will
partner with.
Our first target customers are students from preschool
to high school. We all give try to give them many different
customizable coaching options to students,
students just like us who can always get some extra support
in our education.
Our second target customers are talented adults
and teachers with excellent skills, talent and passion
to educate kids.
They might be teachers in need of a job or some extra
money. We can provide a platform where students can
find them and can teach them.
As a recap for our business model we provide an effective
learning resources site where students can find
teachers they like,
a place solely focused on students for talented teachers
or adults to demonstrate their skills
and connecting students to teachers with credibility
and proven talents who can interact in any way or form
they like.
Our first revenue source will be from a service fee,
around 10% from teachers. But other factors
would be
based on the teachers' teaching revenue.
Another revenue source will be from subscriptions.
We will give premium service and discounts for people
who have bought the subscriptions and there
will be only for students.
We also seek sponsorships for competitions
or scholarships to support underprivileged students.
To start off we will partner with reputable learning
content providers so we can have mature and substantial
products to show an offer at the beginning.
Once the site has also attracted enough people we
will adopt a levelling system and this key feature
will be elaborated on the next slide.
As competition is a key part in life we will host competitions
with ideas provided from students or teachers to
help students prepare in the future for competition,
learn off their strengths and weaknesses and get
motivated to win.
Both students and teachers will be able to level up.
There are different ways to receive small benefits.
Students can level up by completing quests, helping
others in different comments sections and forums
and participating in competitions and activities.
They will receive tokens, a virtual currency to buy
items from shops, making their learning experience
more fun and intuitive.
Teachers will be able to level up too. But instead
through helping students with unanswered questions
and having a good reputation based off of their feedback
and a five star rating system coming from either their
one to one tutoring sessions with students,
group sessions or any form of communication with
the students.
Now I will hand it off to my cofounder Peter Lynn.
thank you alex. As a hierarchical organization, we
will be split into two branches, production and marketing.
The branch of production will be focused on improving
our website and product in an answering and the tech
support questions.
The marketing branch is pretty straightforward and
is focused on promoting our site through advertising.
Alex T, Alexe C and I will act as a board of directors,
along with any other professionals with experience
that we may invite to work along alongside
says directors.
As for funding we require enough funding to support
us during the early stages of our startup as to not
go out of business early on and then we may seek more
funding to help keep the company alive until we become
profitable. We believe that
it will be two years until we can become profitable
and we require enough money to support us plus extra
in case a problem pops up.
Our main investors will be venture capital firms
and friends and family, in total taking a 40%
stake in the company. To both we will pitch ideas and
attempt to convince them to give us some money in exchange
for part of our company
which may grow over time.
As for debt, we don't plan to take any but once we become
profitable we may take some loans as to further expand
our company.
And now I will hand it off to my other cofounder Alex
Cheng.
Thank you Peter.
We have a lot of activities planned including further
finalizing a business plan and presenting it to investors
to seek initial funding to start a company.
We will set up our company trademarks, website creations
and designs and identify good management teams.
We will also partner with content providers to offer
matural learning resources.
We will try a small percentage of the content sales
store platform.
We also sign up for global marketing partners to
help us introduce our platform to their friends and
families and incentivize them so they will get stock
options.
Once we have an initial customer base we will invite
more teachers.
After that we will set up one or two offices in different
locations where employees will work.
Preferably in New York because we all live here.
As for marketing we will put ads on Youtube, television
channels and on other websites.
Finally we will design extra widgets and more service
for premium membership subscription.
For our products, we will develop an app as well as a website
so be convenient for both computer and mobile users.
We will also engage and invite teachers
to ask them to be our anchor instructors and teachers.
We will also look for an AI technology partner to provide
us analysis on student's learning curve, weaknesses and
strengths.
For monthly and yearly subscription plan we will incorporate
a regular plan and a premium plan in the membership.
Regular plan will limit them to regional bull amount
of videos and tutoring sessions a day while a premium
plan will give them unlimited amounts
resources.
we have three ways of marketing: word of mouth, social
media and global marketing partner/YFS Alumni.
We will elaborate on that more in the next slide.
This is our stock option plan for the YFS global
alumni. First we will invite all the YFS alumni to
come and join us as global marketing partners. Then
we will promote our startup to their friends and local schools.
The option plan will be based on the individual's
contribution to helping us grow our customer base.
Now some final words from Alexander Tian.
Here are some final thoughts we share. As students,
we all want to be able to find reliable
and quality teachers and resources to support and
help our learning experience to be more interesting
and rewarding.
To clarify, we are not a social media platform. But instead
a dedicated platform to promote and inspire in learning
experience between students and teachers. By a social
media platform or any other type of platform I mean
something like Youtube
where people can post content
or something like khan academy where there's a dedicated
there are dedicated people to provide content,
but instead teachers can apply
and students can find them to create a connection
between them using our platform.
And to go on we also provide a platform to many adults
with talents and teaching with great experiences
to share and last but not least a passion to teach him
to provide inspiration for students.
We will also be partnering with some AI and technology
firms to help us evaluate students strengths and weaknesses
and progress.
We will be making a modern committee to help us screen
evaluate and modern teachers and content.
We will also grow this as an alternate learning resources
platform to provide hope to underprivileged students.
Last but not least we invite anyone with professional
experience and the same vision to come and help us.
But also may I add it's normally our parents that find
us tutors and teachers we like through a hard and long
process,
but what have we can do is our souls with a platform
would a collection of professional resources.
Thank you everyone for your time. We would appreciate
if you can share any suggestions and thoughts. We are
looking forward to receiving any advice and once again
thank you.
Okay
Thank you very much
for Group
F
and I saw some applause is there as well though we can't
hear the applause as i'm sure you guys are getting
applause in terms of
every single group.
Now we can put on the screen
back up or put back on a screen.
As a reminder
of all the teams,
as a reminder of all the teams,
we have a Group A and Group A was Cheryl,Zichuan, Kiara
and Konstanze,
and just as a reminder in terms of what their group
presented.
I will let you know.
Their group was online lecturing and teaching.
So just as a reminder because your up in terms of your vote.
Next
Group B was Yuchi, Iris, Daniel and Luke,
and their idea was help sell products for expats
around the world.
Group C,
Group C was Heidi, Marin
and Stephen,
with their parking app
to help cut emissions.
And Group D,
Wayne and Ruby,
Food4Match
Food4Match to help farmers.
Group E,
Harry,
Lena,
Emma,
was the reading idea,
books
books for everybody.
Okay
And for Group F,
Erudite,
the virtual student teacher site
with virtual coins.
So I hope everyone has that in mind.
Let's move on, let's move on to our ranking.
The ranking will be 30% weighting for the
audience,
70% for the committee.
I'm going to, just as a final reminder, I'm going to put
the link right back into the chat box, so you can keep
that in mind and look at that.
So this is for the entire audience for everyone who
is able to vote. All you need to do is copy that link
right on to your safari or your app if using the mobile
phone you can text.
Well we're not voting yet. I didn't open it up yet.
So hold on everybody. I know everyone's very excited.
So let me prepare my screen after giving you these directions.
If all you need to do
Okay so not yet
I'm going to activate it in
just a moment. Okay
And
I'm going to share my screen with you. Hold on, so you guys
can start seeing
seeing the movements
okay.
Here we go.
There we go okay.
This is a real time, real time.
Your participation matters.
Although it doesn't determine the final vote,
you certainly have the ability to influence the vote
highly
with a 30% weighting.
Then the next round will be the committee
and will have further prizes
aside from the
aside from
the
the monetary prize. Not just all about money.
Ok keep in mind, keep in mind, you do have to move the arrows.
If your favorite team, your top team
happens to be on the bottom because it's random. It's
randomly put onto your app.
You have to move the arrows up to the top position
and help rank order the other teams as well. The other
teams also deserve places.
You have to do some work.
Active active participation.
Okay so we do have some some rankings here.
Okay whoops
Right
And you are selecting and ranking order all your teams.
Only when you've done ranking then you can
then you submit.
So we'll give you a couple more minutes.
Okay we'll wait till this stabilizes.
Still some movements.
Which are the teams again?
Well the teams, the teams show up on your on your on your app.
It doesn't say which one they were.
It should have the teams and the team names.
So you have Group A,B,C but it's a random order.
It's also on the random order on the screen so you
won't be able to know the final winner until the committee
votes and we all add up the scores.
Hi everyone we have seen your
questions but we did it for the on purpose okay thank
you.
We will review
the answer at the very end.
Okay
So this is live.
All right. Looks like we have some stability here.
Ok for the interest of time I'm going to stop share.
Thank you for audience's participation. Thank you very much.
And now it's going to be the committee. The committee
is going to vote on there and you also see that live.
but your participation.
Thank you very much. You've done with this first round.
Okay
All right let me set up
the votes for the committee.
I'm deactivating
the audience poll.
Until now the weight will be...
Okay so the audience, you are done you are good. Thank
you for your participation. I'm going to activate
the poll for
just the committee members.
Okay committee members, committee members,
you may begin,
you may begin your voting.
Okay
Now we can see our committee members voting.
I will put in my votes.
I had to do some work as well.
Okay here we go.
This would live poll looks like.
I need to move my rankings
up.
I'm actually a bit nervous to make sure that I get these
rankings correct.
Jimmy.
Yes?
This is Nabil, did you receive my response or not?
I just want to make sure.
Ah let's see. I'll have to... Because I don't see that the
rankings are moving here.
Or maybe I'm doing something wrong.
If you see the screen the rankings are moving as soon
as everyone if so as you hit submit
it would have submitted.
But I can check in a moment.
But the rankings may not move it if it was in the in the
order that
it's so happens to be in the order that
that everyone else was thinking.
I have to go to the... I have to go as you mentioned, PollEv.com.
Am i right? yes yes PollEv did it so if you look
at what they did
Sure. If you look at my screen,
PollEv.com/jimmypan418,
if you go to that, if you go to that screen now, do you still
see the ability to vote?
Do you still see the rankings
on your on your screen?
Just a few seconds.
Because if it won't allow you to resubmit because
you can only submit once,
then that means you have caught you if you've already come in.
Although I think we are able to vote on the poll still.
On the poll?
Yeah. Not only the expert committee but everyone on
the poll can still vote on it. I think you should
make up a new
poll just for the expert committee.
Yeah. So that's okay. The only the expert committee
was allowed to vote on this one.
I don't know but it's so open from you as I can see some.
Okay I'll check the number of responses. Ok so I'll
I'll
deactivate this and I'll check the number of
responses.
Okay
Jimmy, you got my response?
Okay I'll let me
let me check the number of responses. Yep okay so apparently
more than the committee voted. So I will have to
I'll have to do this again
because only the committee only the committee is
allowed to vote. The audience, you have done your participation.
We actually thank you highly.
So I will put this vote in again for the committee.
The audience
anyone outside the committee,
you do not have to do anything.
So I have to clear this.
Right I only need... There are only nine responses
because I know the committee has nine members.
So let's do this again. I'm going to clear the
responses
and we're going to do this again, only the committee.
Thank you very much audience. I know you're very very
excited.
We only have nine committee members. So I'm looking
for nine responses. So everyone, put down your phone,
okay,
with app.
I know the excitement in terms of voting.
This is the first time for people voting so using a live
app unless you played with American Idol.
So only committee members,
committee members are voting. I'm looking for nine
responses,
okay.
The committee members only, committee members only
on this act of poll.
There're nine committee members.
It's not there's no way for others to vote.
I will be able to know.
All right so I'm going to resubmit my vote.
Please committee members only.
So hands tight everybody.
I'm going to give it one more minute for our committee
members and the interest of time.
okay
At this point I'm going to stop. I'm going to deactivate
the poll.
Okay
Still some committee members
are putting in.
All right I'm deactivating the poll
and we will
all right so we will get back to you and we will
tabulate and I will confirm with the committee members.
We will do the math
and we will announce the winners
shortly.
Thank you very much Jimmy.
Let's wait for a five minutes.
Let's see who's the winner.
Vivi, we also need to create a breakout room.
Is it possible right now? we need to have a quick chat
among the committee.
Is it possible? Zoom webinar don't have a breakout
room function.
Okay then we will chat probably in the
um
okay
So in order everyone to, in order our expert committee
to communicate, I will remove all the students from
panelist less to attendees.
So give me one minute
and expert committee
you can just text in the text box.
Are we on a private chat?
I think so.
I will have to... No, you can only text in the chat box.
We are still live.
All right. Let's not say anything. That's not give away
the answer. We are or we are tabulating the answer folks
and actually from what it looks like.
The voting was done properly from what I've seen.
All right
Okay all panelists. No hanging shards.
In discuss that let's say
means origins or so I could... I'm letting you guys know
what the audience vote was ok just to let the audience
know what's going on right now. This is alive behind
the scenes.
I'm letting our committee members know the order
of the audience votes and then now the committee members
will also know our own votes.
Jimmy, you're not in florida, are you? Play
chance.
No, not currently. Tabulating that the voting
Oh gosh yeah.
I could probably have done a better job. Let me put in
committee ranking.
okay
Sudeep, I'll leave it up to you to do the math of it.
So give the audience order and the committee
order and now we are voting for the prizes for the most
innovative idea, the most sustainable, most entrepreneurial
and the most critical thinkers. So we are doing
some behind the scenes work. I know you're eagerly
awaiting
the final votes.
This is exciting and this is what happens on those
other shows except we're doing it for sustainability
entrepreneurial
It's a lot of
tabulating
by our mathematical experts here.
We can
give you a sense of who
this might be
in terms of the winners.
Um.
Okay we may have the two
cash winners.
Hold on.
Okay
We actually have the top two now.
We can announce the top two winners and I will allow
us Sudeep to announce
the innovative prizes, the other prizes.
Okay I know the moment that everyone has been waiting
for
the top winner.
The top winner
goes to
Group
F
Group F, you are the top
winner
in terms of the top cash prize.
That's Alex
Alex and Peter.
So that is according to both our audience members
and our committee members, in audience members
30%,
committee members, audience remembers 30%,
committee members 70%. And the second
prize under your waiting for with baited breath for
this is Group D.
So that is the cash prizes for today, Group F and
Group D.
Thank you again for everyone's participation.
Thank you very much. That's further an exciting competition.
We really like presentation from all of you.
For these two prizes are not the only ones.
We also want to recognize the efforts of
other champions who have participated in the program.
But
We are recognizing them for their own individual
performances but also the kind of ideas they are bringing
on the table.
So we have four certifications, certificate awards
that we have put together. These are the certificate
awards we will be issuing to you specifically
and they will be coming to you along with your certificates.
Let me announce them one by one.
The awards are with me. So for us today, the most innovative
idea our team found out, the research committee found
out is the CARK, the parking lot space project we found
out that is the most innovative idea.
It has
the best potential to be absorbed as a business
project and also it's going to solve a lot of problems
in a very creative way.
The second,
the most sustainable idea for that we found out that
the team from Wellington School Team A
and along with them Chuan, you guys have done an amazing
job. The digital magazine idea on sustainable development
goals is quite exciting one and we announce you as
the most sustainable idea
project.
Then finally the last two, the best entrepreneurial
spirit,
that we found in the expect project the team of Daniel,
Luke,
Iris and Yuchi, so the team.
Lastly the most critical thinkers, of course this
now looks like that it was evenly spread out but during
the outputs we found out that ease of the groups are
bringing something new to the table and the most critical
thing because we found out
coincidentally or
by the efforts is the Broup E, book distribution platform.
They have I have been working with them from the beginning
and it is not surprising to me that the committee also
found out that they were the team which had the best
creative
thinking.
So the team
is of Harry, Emma and Lena. So that team will be getting
a certification award of the most or the best creative
thinkers.
So that is on the reward side.
Now you all have seen
this phenomenal performance from everyone. I warned you
initially that these are special talents and now
you have seen it all yourself.
You have also seen that there is a brilliant diversity
of project, the details they produce, their focus, their
aspirations.
These are admirable link fact inspiring I would say.
Well this is precisely what we are attempting to do
in this program. Most of these high potential, high calibre
hardworking
and very aware young scholars.
And make such systematic plans, these programs,
these curriculums, even these applied projects,
competitions
and try to groom them into next generation leaders
in this YFS program or attempt has been to show them
the pathway to provide them learning and communication
tools
and also to give them a global platform to interact
with and learn from top successful business finance
leaders. Several of them you see are coming today.
They have, in between them,
lot of experience in the leading financial institutions,
in the corporations of the world and they when they
interact with the students, teach them very focused
topical concepts then students get an opportunity
to
understand how in the real world these concepts are
being applied.
We are also trying to provide to give them confidence
and assurance to follow their dreams
in a way that they are able to set their ambitions high
achieve the maximum that they can.
But not without being aware that they have responsibilities
both moral and professional. That's why the idea of
bringing this competition to sustainability.
That is very good
challenge, the diversity the future of the world
is driving us to.
So they should be aware of it and they should start
aligning their own ambitions to those kind of goals
and challenges.
In the program we have been extremely thrilled working
with these several groups of bright young boys and
girls. We interact with them now on a daily basis and
we tracked them as responsible professional grownups
and we also treat them as
kind of grownups in that sense when we
tried to respond to their answers, their curiosities.
We truly appreciate their hard work and mostly and
most importantly the engine when hunger to learn.
All these excites.
And now
over the past several months we have experienced
that this is something very in we need to stop all efforts.
We need to do more. This is just the first iteration
of our program.
We are already on our way to design several extracurricular
learning communication and leadership programs
all with global participants and learning needs
in mind.
We will certainly keep you notified. Finally for today,
we originally those of you who attended last week
session we announced that we will be organizing communication
and presentation workshop by Columbia
University of gent professor and senior faculty
Mr. Chuck Garcia.
But later on when we were arranging the logistics
we realized that some of these students are based
in China and India and it will be quite late for them
to attend it if we do it after this program session
now.
So we postpone it for the coming days but it is not cancelled.
It is very much in our plans and we will send you updated
timings of this free and open webinar. It's going to be quite
an exciting one if you are infecting with any of the
kids you will get to know that
Mr. Chuck Garcia is one of the phenomenal presenters.
Now on behalf of NYIF, we once again thank you for joining
us and participating in today's event.
For the middle school YFS students, this was an amazing
performance,
a great effort. We really liked it and we really appreciate
your diligence, your focus and your hard work.
But that's half of the story. Don't forget that there
is another competition coming up
and that is the YFS Fund Manager Game presentation.
It will be on August 1st.
So start preparing for that, get you have no good
experience of presenting of preparing this kind of
this kind of content.
That is going to be slightly different kind of a program.
We are going to be connecting with you again how to train,
how to work on that.
But
gear up for that already start preparing. Good luck.
We'd also like to invite our audiences, these ones that
who have participated today or who have missed
out but you know that your friends and your family
to come at a time this finally on August 1st. We will
send you invites and probably next week or so.
So please try to find time and motivate these young
scholars.
We hope to see you all. Thank you and enjoy a rest of the
weekend. For those of you in Asia, good night, have a very
good week ahead. Thank you very much
Thank you.
Thank you
everyone.
Thanks guys great.