University of Amsterdam Study Finds the BizWorld Program Develops Skills Necessary for Entrepreneurialism

Top Quote The University of Amsterdam Center for Entrepreneurship (ACE) found that The BizWorld Program develops seven of the nine skills necessary for entrepreneurialism! Ace presented this report at an official May 30th event in Amsterdam, with Princess Maxima of the Netherlands in attendance. End Quote
  • San Francisco, CA (1888PressRelease) June 14, 2012 - A recent report was released by The University of Amsterdam Center for Entrepreneurship (ACE) finding The BizWorld Program develops seven of the nine skills necessary for entrepreneurialism! This report was officially presented at a May 30th event in Amsterdam to Princess Maxima of the Netherlands, Alexander Rinnooy Kan, chair of ACE's Advisory Board, Carolien Gehrels, alderman for Economic Affairs in Amsterdam, and Chris Buijnk, secretary-general of the Ministry of Economic Affairs, Agriculture and Innovation. In addition to the above findings, the study also established that entrepreneurial skills are ideally developed in childhood, specifically prior to high school---the same age group served by the BizWorld Program.

    The BizWorld Program, which teaches basic business and entrepreneurship concepts to children through the formation of an experiential friendship bracelet business, strengthens children's abilities in: self-efficacy, need for achievement, risk taking propensity, persistence, analyzing, creativity and pro-activity. These skills are not solely important for entrepreneurs, but are powerful predictors of social economic success in general.

    Robert Price, of the Global Entrepreneurship Institute, states, "The BizWorld Program successfully plants the seeds of entrepreneurial capitalism for future generations to harvest. Governmental agencies seeking to learn the 'magic of Silicon Valley' should provide the BizWorld Program to all educators. It teaches young students the core basics of business and entrepreneurship, and the program's unique experiential learning process also teaches about teamwork, collaboration, and competitive spirit. These are all critical elements for fostering economic development and innovation."

    The BizWorld Foundation is grateful for the recognition offered by The University of Amsterdam, and inspired to reach even more 21st century students.

    As Tim Magner, Executive Director of The Partnership for 21st Century Skills states, "A focus on creativity, critical thinking, communication and collaboration is essential to prepare students for the future. These learning and innovation skills are increasingly being recognized as the set of skills that mark students who are best prepared for the knowledge economy of the 21st century. While further research is needed in this important area, this study provides some interesting initial data that early entrepreneurship education may help students acquire the kinds of 21st Century Skills they will need to navigate the complex life and work environments in this globally competitive information age."

    Chief Executive Officer of The BizWorld Foundation, Catherine Hutton Markwell, concurs: "The Amsterdam Study is confirmation of what The BizWorld Foundation has always believed: that by providing entrepreneurial skill-building curriculum, the BizWorld Foundation is not only enhancing the future lives of our students, but encouraging a better and brighter global economy."

    About The BizWorld Foundation
    The BizWorld Foundation's mission is to challenge and engage children across the cultural and economic spectrum through experiential learning programs that teach the basics of business, entrepreneurship, and money management and promote teamwork and leadership in the classroom. The BizWorld Foundation is a not‐for‐profit organization, located in San Francisco, CA. Visit for more information.

    Media Contact: Margaux DeRoux, info ( @ ) bizworld dot org. 415‐503‐5880

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