New Partnership of Roozt.com and SAGE Benefits Business and Nonprofit Communities: Advances Social Entrepreneurship for Teens Around the World
Partnership between Roozt.com and SAGE mentors teen entrepreneurs how to start their own socially responsible business. As part of the program, teens will create a real business model, with the winner receiving full incorporation for their company.
- (1888PressRelease) January 31, 2011 - Los Angeles, California - Roozt, Inc. and SAGE Global has developed a strategic partnership to promote and encourage teen social entrepreneurship worldwide, the two organizations announced last week.
SAGE - Students for the Advancement of Global Entrepreneurship - is a global community of teenage entrepreneurs sharing a common purpose: to make the world a better place.
Roozt.com is a for-profit company that inspires and empowers Social Entrepreneurs to be successful through several initiatives, one being its e-commerce platform that provides great deals on products from companies that are Humanitarian, Eco-Friendly, Ethical, and Community Conscious.
Through this partnership, SAGE will become a nonprofit recipient of the 1% of all sales made on Roozt.com that are donated to the nonprofit of the buyer's choice. These proceeds will directly fund the global education and mentoring of social entrepreneurship to the youth involved in SAGE. Additionally, Roozt, Inc. will become a sponsor of the annual SAGE competition.
The annual SAGE competition allows aspiring teenage entrepreneurs to showcase their efforts on a national and world stage, and make their dreams a reality. SAGE is sponsored by such organizations as Macy's Foundation, Target Corporation, Deloitte, Enterprise Rent-a-Car, Kobe Bryant Family, Umpqua Bank and Wells Fargo Bank.
In addition to Roozt.com's socially responsible e-commerce platform, the company is actively involved in the Network For Teaching Entrepreneurs ("NFTE"), with Roozt Co-founder/CEO Brent Freeman teaching a weekly 10th grade social entrepreneurship class to at-risk youth in Downtown Los Angeles.
SAGE will also become active in Roozt, Inc.'s NFTE social entrepreneurship classroom at Downtown Magnet High School in Los Angeles, assisting the students with their business plan submissions to the SAGE competitions and further laying the groundwork for their future success.
Curt DeBerg, SAGE Executive Director and Founder, said, "The partnership with Roozt is exciting for us. Not only will more teens participate in SAGE, but we envision a time when our successful teen entrepreneurs will sell their merchandise on the Roozt.com website."
Through real-world application in helping their communities, students are taught what it means to be a social entrepreneur and guided through the process of starting their own company, with a means of "giving back" built directly into their business models.
At the end of the year-long program, students will present their business plans to a panel of industry executives and veterans, before launching their companies in earnest. The winner of the business plan competition will receive full incorporation from myCorporation.com, and will be featured as a socially responsible company with its product for purchase on Roozt.com.
Roozt, Inc. and SAGE Global are excited to announce the details of their recent strategic partnership, expressing their shared mission to further promote social entrepreneurship among youth around the world.
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