What is the TRIANGLE Children's Business Fair?
The Triangle Children's Business Fair was started in 2016 with a single goal in mind, to help young minds explore the possibilities of entrepreneurship and help inspires children to discover their inner entrepreneur. As the largest entrepreneurship event for kids in North America, this one-day market gives children the opportunity to showcase their very own businesses.
When and where will it be?
The fair will be held Saturday, August 18th, 2018, from 10:00 am to 1:00 pm outdoors at Park West Village. Businesses can start setting up at 9:00 am. The fair will end at 12:30 pm, and prizes will be awarded from 12:30 to 1:00 pm.
What other important dates do I need to know about?
Applications Open - May 1
Application Deadline - July 21
Launch Party - TBD [By invitation only]
If you would like to be informed about updates please send us an email - firstname.lastname@example.org
Does my child have to attend the launch party to be eligible to apply for the business fair?
No. The launch party is an optional event.
Who can participate?
Children who are ages 6 to 14 on August 18, 2018, can participate.
How does it work?
Young entrepreneurs first make an important decision: they hire themselves! Young entrepreneurs should submit an application (open May 1st), and begin to build a product or service. They plan their business at every level: product/service, marketing, accounting, cost of goods, pricing, and more.
Children accepted to participate in the business fair will be invited with their family to the Launch Party! The Launch Party is an opportunity to hear from an inspiring local entrepreneur, meet other children entrepreneurs, learn how to market at the fair and go over the logistics.
Accepted applicants will sell their product or service to real customers from a booth at the fair Saturday, August 18th from 10:00 am to 1:00 pm outdoors @ Park West Village.
How many businesses will you accept?
We will accept up to 75 businesses.
Is there a fee to participate?
There is a $40 participation fee for each participant which will be collected after an application has been accepted. The instructions for the payment will be in the acceptance email.
Where should I begin?
See the Resources section and follow the links to see stories of clever children entrepreneurs.
How do I apply? Can I apply as part of a group?
Application must be submitted online. Applications open May 1st 2018. Please mark your calendar as the spots will fill up quickly. Please submit one application for each business. Children working as a group should submit one application that includes each child’s and their parents/guardians information. No more than 3 participants per business.
What is on the application?
The application asks kids to think through some simple, but important elements of their business:
1) What product or service do you plan to sell?
2) How will you advertise/market your business before the fair?
3) At the end of the fair, how will you determine if your business was a success?
What if someone else has the same business idea?
Two cupcake businesses? Not a problem. In general, we will let market forces play out.
How will the fair be set up?
The fair will be a tented outdoor event with booths. Each business will be given a booth with a 6-foot table, tent, and 1-2 chairs. Table cloths will not be provided.
Will electricity be available?
Limited number of electricity outlets are available. Please indicate on the application only if your business absolutely needs it. It is not guaranteed.
Will there be prizes?
All entries will be automatically entered in the business competition and will be judged by fellow entrepreneurs. The competition will be judged in 5 categories Best Business Idea, Best Presentation, Best STEM Idea, Most Environment Friendly, Most Innovative Product . If children of different age groups submit a business together, they will be judged in the age group of the oldest participant. All the winners will be awarded a certificate, a chance to represent their business in multiple platforms as well.
What are the judging categories
- Best Business Idea
- Best STEM Idea
- Best Presentation
- Best Environment Friendly Idea
- Best Innovative Product
What are the rules?
This event is designed to give children the experience of selling a product or service. If a parent is found selling or promoting a child’s product or service, their child’s business will be disqualified from the competition.
Parents of younger children may sit in the booth, but the children should be responsible for set up, customer interaction, and sales.
Parents may help their child fill out the application, but we expect the children to do as much as possible by themselves.