Picture a successful entrepreneur. How did she get her start? How much education does he have?
Although being in an education program is not required, most business owners have technical training, attended a college, or both. To support furthering education after high school, half of a NextPitch Innovation Fellow's award is dedicated to paying for college.
NextPitch identifies members of teams that earn awards as Innovation Fellows. Payments to Innovation Fellows are disbursed as follows:
Half of an Innovation Fellow's award is dedicated to postsecondary education. For college students, this portion of the award is a first dollar scholarship that sent directly to the postsecondary institution of enrollment. For K-12 students, this portion of the award is deposited into a 529 college savings plan. A 529 college savings plan is an investment account that is used for savings for college. NextPitch works with the Kansas Learning Quest program. There are no age or income restrictions, and you do not have to be a resident of Kansas.
The other half of an Innovation Fellow's payment is disbursed as a monetary award given to the scholar to pay for his or her academic and innovative pursuits.
After a pitch competition ends, NextPitch requires a Ugift code to safely deposit earnings into the Kansas Learning Quest accounts for K-12 innovators in the United States. Click Get Started if you need to set up a 529 college savings plan and Ugift code. For assistance by phone, call Learning Quest at (800) 579-2203.
Read more at the Ewing Marion Kauffman Foundation.