- Conference Article
- 10.18260/1-2--45727
From STEM to Startup: Empowering High School Youth with Entrepreneurial Skills through the TYE program
- May 13, 2024
- Rowena Kay Mascarenhas + 1 more +1
Abstract STEM fields rely heavily on innovation to solve complex problems and create new technologies. Entrepreneurship education nurtures students' ability to think creatively, identify opportunities, and develop innovative solutions, making them better equipped to tackle the challenges they will encounter in their engineering and STEM careers. It prepares them for future success by fostering innovation, building essential skills, promoting financial literacy, encouraging leadership, and addressing socioeconomic disparities. The success of entrepreneurship in education has predominantly been examined through economic lenses such as increases in earnings or jobs created at the higher education level. In this paper, we report on the remarkable success of the TYE program and it's empowerment of high school students through extracurricular entrepreneurship education outside the school system. The TYE (TiE Young Entrepreneurs) program was set up in 2005 in Boston and scaled to 30 different locales globally. Our paper will focus on how students in the age group of 16-18 yrs perceived this program and the reported positive outcomes it had for their future education and career prospects. The TYE program is administered over eight months duration, through a combination of practical training, curriculum, and mentoring, by practitioners who are seasoned entrepreneurs. The program gives high school students the opportunity to form teams, build a real start-up, deliver a Pitch Deck with a Business Model Canvas and Business Plan Summary, as well as the opportunity to win seed funding for their startup. In our paper, we explore the impact of the TYE program, measured through the SEEQ tool (Student Evaluation of Educational Quality). In addition, we report on case studies of success stories, and develop a descriptive analysis of our findings. Entrepreneurship education provides high school students with a diverse set of transferable skills that are essential for success in STEM fields. These include team work, problem-solving, confidence, collaboration, and technical skills such as financial literacy, communication, and leadership. Engineering projects require funding and budget management skills, and learning financial literacy, budgeting, fund raising, and investing, provide essential skills for project management. Entrepreneurship education empowers high school students to take initiative, pursue their ideas, and become leaders in their chosen fields. This mindset is particularly valuable in engineering and STEM professions, where individuals often need to take charge of projects, lead teams, and drive innovation. In conclusion, the paper demonstrates that with the TYE supported entrepreneurial education and training, students report outcomes including their being influenced to pursue a career in STEM and/or start their own company. In addition, the companies the students sought to start were focused on value creation for other people. With engagement with a program such as TYE, high school students choosing the engineering field in college can apply their technical knowledge to develop practical solutions to societal challenges, create prototypes, and test their ideas in real-world settings, thus preparing them for careers where they can make a tangible impact, before they get to college itself.
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