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This week marks a very special occasion in our calendar: National Teacher Appreciation Week, with yesterday May 7th being National Teacher Appreciation Day. At BizWorld, we recognize and celebrate the unwavering commitment and passion of our educators. You are the true backbone of our community. Your dedication to nurturing the potential in each student helps transform them into the leaders of tomorrow. A Special Message from Charlene Vaca, CEO of BizWorld: Teachers, your influence extends beyond the classroom; you inspire your students, their families, and, indeed, all of us here at BizWorld. We admire your dedication and the personal sacrifices you make to ensure that every child has a bright future. This week, we honor you, our heroes in education, for the significant and often unsung impact you have on our society. Thank you for your tireless efforts and for being part of our mission to empower the next generation of innovators and leaders. We celebrate and appreciate you not just during this special week but every single day.

YES! 2022 Summer Cohort alum, Joe Knopp sold his first business Ripple over this summer. Joe was a 2022 Demo Day Finalist, where he secured $8,000 in funding from BizWorld. He used that funding to decrease his laser engraving costs of the Ripple Water bottles by over 60%. According to Joe, he wasn’t super serious about selling at first. He listed Ripple just to see the interest he would get. After receiving over 100 responses, Joe found two brother-in-laws from Cleveland who are as passionate as he is about Ripple’s mission. Joe is staying on as an advisor, where he can stay focused on the mission and creating partnerships to push the mission forward. Joe’s advice for others: “The product wasn’t radically disruptive, but I talked to customers and I was able to connect communities together. That was what made me successful.” He later went on to write in a LinkedIn Post, “But here’s what I’ve since realized: growth and success reside outside of our comfort zones. Embracing uncertainty and stepping into the unknown is where true opportunities lie. So now, I’m embracing discomfort again and using it as my compass, guiding me toward growth and new opportunities. Successes are not a reason to settle but rather a foundation to reach even higher.” Joe is already working on his next venture, Mica. Mica will be an employee-centered software in the social impact and CSR (Corporate Social Responsibility) space. “We are so proud of Joe and the hard work he put into making Ripple a success. To see him sell his first successful business and move onto his next big idea tells us we are on the right track. Investing in young people, supporting their ideas and growth, is what we believe will make the difference in the generations to come,” said Charlene Vaca, BizWorld CEO.

BizWorld is so much more than a program! Together, we form a community passionate about creating a pathway that unlocks the power of entrepreneurship for youth by focusing on the three primary pillars of entrepreneurial success: knowledge, networks and capital. Pillar 1: KnowledgeThey say “knowledge is power.” That’s why we believe in sparking an entrepreneurial mindset in students as young as 3rd grade – all the way through college. BizWorld programs provide the knowledge and skills youth need to develop an entrepreneurial mindset and recognize and create meaningful opportunities for themselves. Our elementary and middle school programs, BizWorldPRO, Id8 (coming early 2024) and BizWorld Impact Challenge teach youth the fundamentals of business in a real-life context, paired with 21st century skills in a STEAM framework. Standing alone, or used as a stepping stone, each program builds upon and reinforces the knowledge gained to develop deeper understanding and broader opportunities. BizWorld’s Young Entrepreneur Success! (YES!) Program provides the necessary tools and resources to accelerate high-potential young entrepreneurs as they create and develop thriving businesses. In this 12 week virtual program, young entrepreneurs (16-22 years) learn from industry professionals through weekly workshops, a self-paced curriculum, network with like-minded peers, and receive one-on-one mentorship. We know that engaging youth in entrepreneurship education will inspire and set the stage for future leaders. Pillar 2: NetworksSupporting BizWorld programming is a community of educators, alumni, mentors, donors and educational partners. They share our passion to enable youth from all backgrounds to unlock the power of entrepreneurship to create career opportunities, inspire self-reliance, and build confidence that drives economic prosperity globally. This community brings programming to life in classrooms, after-school programs, and summer camps – impacting over 850,000 students in diverse settings in 50 States and over 100 countries. Through YES!, young entrepreneurs from across the globe have been able to meet, learn together, and support each other in their endeavors. Our mentors share their knowledge, network and resources – expanding our impact exponentially. And the financial support of our donors allows BizWorld.org to continue to innovate, expand, and achieve our vision of enabling youth around the world to be prepared for bright futures that support global economic growth and vibrancy. Pillar 3: CapitalThrough the YES! Program we are providing opportunities for youth to have access to capital to make their visions a reality. Since 2019 we have granted $80,000 to 12 of the top youth-run businesses accelerated through YES!. Eighty-seven percent have continued and progressed their businesses, and 100% have either continued on to higher education or pursued their business goals. The funding, while relatively small, allows for significant growth and forward momentum for their businesses. It also proves that what they created matters, and that they have the ongoing support of the BizWorld community. Pulling together, we can strengthen this pillar by growing the BizWorld YES! Seed Fund and sharing access to funding outside our organization. Through our combined networks we can create introductions and opportunities to launch the next generation of innovators and entrepreneurs with greater tools and resources than we ourselves experienced at an early age. Our Dream When we dream of unlocking the power of entrepreneurship, we are dreaming of raising a generation of problem solvers and change makers. A force of young people whose mindsets are agile, innovative, and thoughtful. As our programs continue to evolve so does our dream: an equitable ecosystem for young entrepreneurs. An environment where they can thrive regardless of their gender, how young they are, or background. In this ecosystem they can develop and flourish, and learn from and work with each other as their mindsets are nurtured with the tools and support they need. Twenty five years of experience has shown us that this is possible. Providing young people with guidance, learning opportunities, the space to make their own decisions and test the outcomes and mentorship, equips them for bright futures. Thank you for being part of the BizWorld community. With your help, we can achieve this dream!

BizWorld launched its summer cohort of the exciting, life-changing YES! Program where high potential young entrepreneurs create and develop thriving businesses. YES! builds confidence and breaks down barriers to propel youth businesses to success. We had a chance to interview Learns’ CEO’s, Miranda and Valentina, two passionate and altruistic students who want to broaden job opportunities for Costa Rican students by providing free English tutoring. We asked Miranda and Valentina some questions so we could learn more about their App and hear what inspired them to start Learn. Tell me a little bit about your company and what interested you in starting Learn? Learn is a platform where students teach students. Its purpose is to educate the future workforce by giving students the opportunity of an elevated global education. Learn offers this by connecting students who know fluent English and want to do service teaching, to students who do not know English and would like to learn. We decided to start Learn when we learned from La Nación- an Argentinian newspaper- that in 2014, 85% of students who graduated in Costa Rica didn’t speak English. We knew that this had to be fixed because in Costa Rica and around the world, you will have broader job opportunities if you speak English. We noticed that many students in rural areas were not receiving extra English tutoring. Therefore, we designed Learn as a way to ensure the opportunity to learn English reaches every student in Costa Rica. What do you hope to learn and get out of the Yes! Program? We hope to be able to develop our app, but more importantly we want to look at our business from different points of view and challenge our ideas as much as possible with the help of our mentor Michele Hanson. Where do you see your business in 5 years? Learn is about learning and in 5 years, we hope to have expanded to other countries and subjects. We aspire to be a profitable business and be able to reinvest in Learn to make the platform better and have it reach other student demographics. Additionally, since we are educating the future workforce, we want to be able to connect them with job positions where they can use their new skill set. Lastly, we also want to have a peer program between countries where we connect students who are learning opposite things such as English and Spanish and have them practice together. How did you guys become business partners? As business partners we have embarked on a number of different projects and of those projects, two specifically come to mind when asked about our previous ‘business’ endeavours. The year we met, Valentina, at the time in fifth grade, was throwing a bingo party to help children in poverty. After seeing Valentina and her friend in the newspaper, the Shark Tank obsessed third grader Miranda, offered her help with the bingo. Needless to say the bingo was extremely successful, and a handful of lucky players received beautiful trips to the destination of their choice courtesy of Delta airlines sponsoring part of the event. Other big businesses, such as Marriott, also sponsored the event. All that hard work was worth it when we were told that we had raised almost two thousand dollars. Soon after we became close friends and embarked in many more projects including the following: a kombucha tea bar that sadly did not get through the first stage of development, a franchise of nitrogen ice cream that also did not make it very far, and many more failed attempts to start ‘business’ (most of which still have saved business plans, detailed budgets, balance sheets, profit and loss statements, and ‘accurate’ expected returns on each project in our shared google drive folder). After 7 years, we are now in middle school and high school and have decided to take on more feasible projects that would still improve the world. At her school, Miranda decided it would be a good idea to create a culture club, an afterschool club where young students are taught about culture in fun and creative ways. Miranda decided it would be a good idea to tell Valentina to start it at her own school as a branch of the Lincoln School Culture Club. After some time and hard work with the other co-founders, we managed to make the Culture Club an international after school club. Additionally, we have created and taken up major roles in small businesses such as designing and selling T-shirts. In January of this year, we decided to put our business plan experience to good use and started drafting a plan. After a few sleepovers and even more reading breaks, we were ready to start improving the world with our roles as co-founder and CEO’s of the Learn platform. As Chief executive officers, we will devote as much time as possible to this project in order to accomplish its goals. We will take on the roles of managing the project and making sure that the timeline is being followed and the goals are met during the expected time. Who is your role model and why? Miranda: My role model is Tracy Edwards. Tracy Edwards is a British sailor who put together and skippered the first all female crew in the Whitbread Round the World Race. Additionally, she was the first woman to receive the Yachtsman of the Year award and was also awarded an MBE. Through hard work and determination , she achieved her goals and made a positive change in the world. I admire her leadership skills and her ability to follow her dreams, even though everyone told her she wouldn’t be able to do it. Valentina: Although it might be kind of basic, my role model is my mom. My mom has been such an important person in my life and has shown me everything there is to know. Additionally, she’s encouraged me to develop my entrepreneur side and has helped me with all my business endeavors. She’s

BizWorld launched its summer cohort of the exciting, life-changing YES! Program where high potential young entrepreneurs create and develop thriving businesses. YES! builds confidence and breaks down barriers to propel youth businesses to success. We had a chance to interview Blank cosmetics, loomi hair, and body’s CEO, Cassandra McKay, who is focused on creating a hair product that will not only make you look your best, but also make you feel your best. We asked Cassandra some questions so we could learn more about how she plans on making a difference in the hair care industry. Tell me a little bit about your company and what inspired you in starting Blank Cosmetics, Loomi Hair, and Body? I was inspired by my family. I live in an all girl household, all of us have really beautiful natural hair. Me and my older sister’s hair is a little more manageable than my little sisters. I grew up watching my mom and my sisters struggle with finding hair products that worked. We finally found something that semi-worked, but then we realized that we didn’t even know what was in it. Once we looked up all these big words, we realized we were in the dark about our hair care- something that’s deeply rooted both physically and emotionally for many people, including us. I was then devoted to starting a line of cosmetics that customers could identify with. Not just an all natural line, but a fuse of science and nature to bring curly hair of all types to its best form. What do you hope to learn and get out of the Yes! Program? I want to learn more about the technological and legal side of a business. I want to gain social capital amongst my fellow cohort peers and beyond. Where do you see your business in 5 years? Hopefully at this point I will have enough revenue and fundraising money to have started my charity to families in need of quality hair and body care. What inspired you to want to help boost girls’ self confidence? Seeing my sisters and myself struggle with our hair during the school year and how it affected academic and at home behavior. At the end of the day, I am a scientist but any one can observe that when you don’t look your best, you don’t feel your best. Who is your role model? My older sister and mother. They have both shown me two very respectable but different paths in life. What is your favorite hairdo? Locs, I have never had them but my father did. I appreciate their beauty.

BizWorld launched its summer cohort of the exciting, life-changing YES! Program where high potential young entrepreneurs create and develop thriving businesses. YES! builds confidence and breaks down barriers to propel youth businesses to success. We had a chance to interview Uniart’s CEO, Connor Chatterjee, a 16 year old who is determined to solve world issues and make the world a better place. We asked Connor some questions to learn more about UniArt, the website he started for students to sell their creative works and earn money to pay off college debt. Tell me a little bit about your company and what interested you in starting Uniart? UniArt started off as a company designed to reduce college debt. I’m a speech and debater and one of the things I do as a speech and debater is find a problem and solve it through hypothetical legislature. However, with UniArt I realized I didn’t need legislature and that I could make a business to solve problems that trouble my generation and America’s future generations. Where do you see your business in 5 years? I see UniArt doing sales nationwide, starting to expand internationally, and possibly include other items to sell and or new tax advantaged accounts to deposit profits into. What do you hope to learn and get out of the Yes! Program? I hope to learn how to start a company from the ground up, make connections, and have a chance at competing at Demo day. Who/what inspired you to be active in resolving national issues? Are there any other national issues you are passionate about? My father and mother have always been big picture people and raised me to try my hardest to influence the world in a positive manner. With that upbringing, I was always fascinated with issues around the globe and across the nation. Some notable issues I’m passionate about solving, or at least researching further, include are obesity rates and how agricultural subsidies exacerbate the current crisis, medical devices malfunctioning and injuring millions, millions of children being sex trafficked under our noses, homelessness (specifically in San Jose and San Francisco), WIFI deficiency negatively impacting schools in low income communities, the opioid epidemic, fentanyl being laced in everyday street drugs, climate change and how to mitigate it, healthcare reform, airplane safety regulation, unjust striking’s of POC jurors based on the color of their skin, and a plethora of other issues that I have researched less. Can you explain a little more about how you see college debt affecting your community and those around you? College debt affects my community because it deters kids from trying to obtain a higher education due to costs. I have two friends who have told me that they were unattracted to college because it was so expensive and that they wouldn’t be able to pay if they got into the colleges they wanted to go to. Both of them brought college debt to my mind, as I had dismissed it as an issue previously. If you could sell one product on your site, what would it be? If I could sell one product, it would be a landscape/seascape painting due to the fact that I highly adore those types of paintings.

BizWorld.org Expands to Japan On May 19th, we announced that BizWorld expanded to Japan. Sayuri Tanaka, CEO of BizWorld Japan, is leading the new entity operated by IKIRU LLC. We now have 11 international partners outside the United States – it’s very exciting! “BizWorld.org’s goal is to reach one million children around the world by 2025” said Charlene Vaca, Interim Executive Director of BizWorld.org. “We believe in inspiring youth to do extraordinary things by preparing them early with an entrepreneurial mindset to reach their highest potential. We are pleased to help our newest partner in Japan be proactive in providing their students an opportunity to learn about entrepreneurship.” By providing children (in the primary education levels) with opportunities for entrepreneurship education, BizWorld Japan hopes to foster an entrepreneurial “mindset” that is not widely spread in Japan yet. According to a survey by the Global Entrepreneurship Monitor (GEM), Japan ranks 50th out of 50 countries in terms of “business knowledge and skills”. The country also does not rank very high in the category of “not afraid of failure”. In addition, although Japan consistently ranks high in the OECD’s PISA academic achievement survey, both its motivation to learn and it’s self-esteem are low compared to other countries. This is a very serious problem for Japan. “Just as BizWorld has 20 years of history, entrepreneurship education for primary education in Japan has 20 years of negative history”, says Sayuri Tanaka, CEO of BizWorld Japan. “We are very happy to have joined the BizWorld family. The introduction of a full-fledged entrepreneurship education is both innovative, exciting and needed.BizWorld will finally open the door for this critical type of primary education in Japan, and I am very grateful to BizWorld for giving us such an opportunity.” BizWorld Japan’s goal is to restore the self-esteem of all children through the BizWorld program. They would like to support the ability, willingness, knowledge and experience to create value for someone else. If the academic skills of the Japanese people are combined with the “skills,” “knowledge,” and “mindset” of entrepreneurs, the number of people who can play an active role in the world will definitely increase even more in the future. In order to achieve this, Bizworld Japan will focus on training instructors who can teach the entrepreneurial mindset. BizWorld Japan will start inviting Japanese entrepreneurs and businesspeople who are active in the world to participate in this project. In the near future, as entrepreneurship becomes a commodity, the organization will introduce BizWorld’s entrepreneurship education into Japan’s curriculum guidelines. “Our growing list of International partners are motivated by a desire to increase awareness about financial responsibility and business, and build an entrepreneurial mindset in their young citizens,” said Charlene Vaca, Interim Executive Director of BizWorld.org “Like our teachers in the U.S., our international partners are focused on preparing their youth for the global economy and marketplace.” Want to learn more about becoming an international partner? You can join the family too (what link would you send them to?)

BizWorld is excited to feature creative and determined, young entrepreneur Itzel Delgado and her business idea of creating BaZoink. Her company would offer a safe and fun space for the youth in her home mountain resort town in Colorado to spend their time and connect through engaging activities. Though she hasn’t launched BaZoint yet, read about her vision and strong desire to create community connections for youth to help level the playing field for young people living there and those folks that are visiting. 1) What has interested you in starting BaZoink? I actually have not launched BaZoink yet. I am still in the works of planning, logistics, and finalizing the design. But the inspiration for BaZoink came from growing up in an expensive mountain resort town in Colorado. I noticed that there is a big wealth gap between the local residents and those that come as tourists. Our community caters to those second homeowners and tourists and much of the local population is ignored or sidelined in the picture. There are many amazing recreational opportunities to take advantage of but the majority of local teens and youth cannot afford to participate in them. Various studies done within the county demonstrated the deep impact this lack of community connection has on our local youth such as unstable housing, higher rates of mental health struggles, higher substance abuse, and such. My goal with BaZoink is to create a safe and fun space for the youth of the county to spend their time and connect. This shall be achieved through the love for comic books, boba, and coffee. Additionally, I want to offer illustration and graphic design, and comic art classes within my space at an affordable rate. My hope is that by combining comics, food, and engaging activities, BaZoink will become the center hub for the local youth and community. 2) What do you hope to learn and get out of the YES! Program? My goal for participating in YES! is to receive feedback and have some sort of guide as I design and finalize the details of my business. I want to launch, but I want my business to be successful. With that, learning from others and hopefully gleaning feedback from others entrepreneurial mistakes. 3) What do you feel has helped you with launching BaZoink? As mentioned, I have not launched yet (mostly financial reasons) but being in the YES! program and participating in the workshops has given me new ideas and ways to slowly build up BaZoink. My dream is to have it as a brick-and-mortar place for people to hang out, take classes, or shop. But before I can do that I might have to take smaller steps towards that and start fully online. 4) What is your superpower? And how has it guided you in developing your business? I am very determined and I never give up. I always try to challenge myself, push myself to my limits and learn from that. My personal motto is “if you start something, you HAVE TO finish!” This is a philosophy that I have always had and guides me through every aspect of my life. 5) Tell us a fun fact about yourself. I am nonbinary and I’m pronoun indifferent, but if I have to chose I prefer they/them or she/her pronouns. I also speak both English and Spanish, and am currently learning Korean. Itzel, we are thrilled you are going through YES! Program with your fellow cohort members. Through a combination of rigorous business planning concepts, mentorship, introductions to other businesses and access to capital, we look forward to seeing BaZoink truly come to life. The YES! Winter Cohort opened on January 25th, and is scheduled to run until April 8th, 2021. The summer cohort application deadline is May 14th, and is scheduled to run until August 27th, 2021. Both cohorts will have the opportunity to participate in the YES! Demo Day and pitch for start-up investment scheduled on September 17, 2021.

BizWorld launched its winter cohort of the exciting, life-changing YES! Program where high potential young entrepreneurs create and develop thriving businesses! YES! builds confidence and breaks down barriers to propel youth businesses to success. We are thrilled to feature Nitya, an ambitious, 16-year old young entrepreneur who wants to help teens better understand the value of money by using a new and engaging app that teaches them to make informed financial decisions. We asked Nitya a few questions about what inspired her to start her company, Doughkeeper, and what she hopes to achieve by participating in our Young Entrepreneur Success (YES!) program. 1) Tell me a little bit about who your company is and what interested you in starting Doughkeeper? Doughkeeper is a teen-friendly app that leverages AI and combines expense tracking and restrictions with a little bit of friendly competition to help teens understand the value of money. By fostering healthy relationships between money and young adults, members of Generation Z will be more likely to make informed financial decisions, as opposed to lugging their student loan debt at age 18 into their retirement at age 60, like close to half of the population. I was motivated to start Doughkeeper, because in my school district, financial literacy skills aren’t reinforced outside of a semester-long macroeconomics class offered exclusively to high school seniors. I hope that Doughkeeper, a free tool that requires little resources to use, can set teens around the world up for financial success in college and beyond, not just in my community. 2) What do you hope to learn and get out of the YES! Program? Through the YES! Program, I want to gain a better understanding of how startups transition from the ideation to execution stages. At the YES! workshops so far, I’ve already learned so much about the importance of identifying a target audience and tailoring your product/service to them, and the impact of strong branding and seamless UX. As the program progresses, I seek to learn more and apply these skills acquired to develop a robust business plan that I can use to garner support for Doughkeeper. By interacting with mentors who are experts in their respective fields and a community of like-minded peers, I also hope to walk away with diverse insights that originate from hearing everyone else’s business ideas, challenges, and experiences and leverage these new perspectives to improve my own business. 3) What do you feel has helped you with launching Doughkeeper? I think experiencing and seeing the lack of financial education firsthand, and extensively researching the magnitude of the issue has been really helpful in informing the direction Doughkeeper’s headed. I also think that being unable to find any apps that could be used to teach financial literacy in a classroom setting helped me launch Doughkeeper as well, since, in my head, I could clearly define what value I would be adding by creating this app and plan next steps. 4) What is your superpower? And how has it guided you in developing your business? I think my superpower is my love for art. This has guided me in developing Doughkeeper because my objectives for the business revolve around developing an app that not only makes financial education accessible, but is also fun and engaging, in a unique visual format that appeals to Gen Z. 5) Tell us a fun fact about yourself. In my free time, I love experimenting with animation and making short films! Congratulations on identifying such an important financial need for teens, Nitya! We are happy that you are participating in YES! Through a combination of rigorous business planning concepts, mentorship and introductions to other businesses, we look forward to seeing your robust business plan for the Doughkeeper app come to life! The YES! Winter Cohort opened on January 25th, and is scheduled to run until April 8th, 2021. The summer cohort application deadline is May 14th, and is scheduled to run until August 27th, 2021. Both cohorts will have the opportunity to participate in the YES! Demo Day and pitch for start-up investment scheduled on September 17, 2021.