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The International Franchise Association Franchise Education & Research Foundation announced it is accepting applications for its annual NextGen in Franchising Global Competition, a worldwide program that engages young entrepreneurs seeking careers and business opportunities in the franchising industry. Applications are open from August 1—September 30.
“We are looking for 20 outstanding young entrepreneurs who are poised to take off if given the mentoring and support from franchise business leaders,” says David McKinnon, CFE, foundation vice chair and chair of the NextGen in Franchising Committee. “NextGen is engaging and educating the next generation of young entrepreneurs with a passion for franchising. There is no greater evidence of the success and appeal of the franchise business model than to see young people from around the world embracing it with the excitement, enthusiasm and professionalism of our NextGen winners. Being in a room with them is contagious.”
The NextGen in Franchising Global Competition is open to entrepreneurs ages 21—35 with businesses that have been operating for one to five years. Winners receive a trip to the IFA’s Annual Convention in Las Vegas from January 28—February 1; a spot at the NextGen in Franchising Summit, a two-day educational and networking program for next generation entrepreneurs; a 90-day accelerator program with industry leaders and CEOs; an opportunity to participate in the FRANSHARK competition for additional cash prizes; and opportunities to network with leading franchisors, franchisees and suppliers and with other young entrepreneurs.
“The NextGen in Franchising program was an immensely valuable asset that fueled my company’s growth and I’m incredibly grateful for the opportunity to participate in such an important initiative,” says Jennifer Beall, CEO and founder of Tot Squad and a NextGen in Franchising winner. “Through NextGen, I was introduced to one of my company’s major investors and active advisors, and his involvement immediately lent credibility to my business and propelled our success. Franchising is an excellent way to scale your company without having to overspend, and NextGen is the perfect introduction into this thriving industry.”
“We are truly grateful for the opportunity and experience of being a part of NextGen. The connections made and lessons learned from CEOs and top executives who have walked the walk is something that will assist in propelling our business,” adds Jai Hobbs, CEO, Paleo Café, a NextGen in Franchising winner.