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Maui Adventist School and Maui Waena Intermediate School are among 17 schools across the state to receive cash awards from American Savings Bank as part of its 2017 Bank for Education KeikiCo Business Plan Competition.
Maui Adventist School received $10,000 in the County Participation category. Maui Waena Intermediate School received $2,500 in the Special Mention category.
The contest invites students in teams of two to four to share their best ideas for a chance to win cash prizes for their school, ranging from $2,500 to $25,000. The program aims to make financial literacy and entrepreneurship fun and interactive for youths through a weekly video series, online resources and mentorship.
Throughout the competition, students learn the fundamentals of creating their own business, including conceptualizing a unique business idea, figuring out how to make an idea profitable and sustainable, and learning how to pitch to investors. The business plans and video pitches are reviewed by a panel of judges, including ASB executives and prominent leaders from Hawaii's Startup Paradise ecosystem and media industry.
The bank awarded a County Participation prize to the school in each county that had the highest participation rate.
Since the program began in 2010, ASB has donated more than $1 million to schools.