WEST ORANGE, N.J.— (BUSINESS WIRE) — According to TeenBusiness.com, teen entrepreneurs and innovators are increasingly motivated by social concerns. This dramatically contradicts the stereotype of selfish youth.
“helping people is always something I wanted to do and with the fame that Freetoes has given me, I have had lots of opportunities to give. And Project Aftershock (a Haitian Relief charity) is one of them.”
“30 years ago, the primary motivation for teen-led businesses was often solely to make money. Now most of the teen entrepreneurs and inventors we encounter are also motivated by the desire to help solve societal problems, in their own way,” said Emmanuel Modu, co-author of TeenVestor: The Practical Investment Guide for Teens and Their Parents and The Lemonade Stand: A Guide To Encouraging The Entrepreneur In Your Child.
Theories abound about the reasons for the increased number of socially conscious teen entrepreneurs and innovators. Is it because the internet has made information about social issues more accessible? Is it due to the Great Recession of 2008, which may have negatively impacted young teens’ lives and spurred them to improve the lives of others? Regardless of the reason, the trend is real.
Here are a few examples of socially conscious young entrepreneurs and inventors recently featured by TeenBusiness.com – a news portal that reports on the activities of a diverse range of young entrepreneurs, investors, inventors, and other innovators around the world:
These teen entrepreneurs and innovators are not just giving lip-service to charitable commitments. Asked in an interview by Forbes contributor Devin Thorpe why she is so passionate about charitable giving, Katelyn Lohr said that “helping people is always something I wanted to do and with the fame that Freetoes has given me, I have had lots of opportunities to give. And Project Aftershock (a Haitian Relief charity) is one of them.”
For many of these teen entrepreneurs and innovators, the idea of making money and doing good can co-exist. As stated by Google Science Fair Prize winner, Émer Hickey, in a FastCompany interview about her group’s use of bacteria to increase crop yields, “We want to change the world. We want to commercialize this.”
TeenBusiness.com is the global resource for teen entrepreneurs, investors, and inventors. Formerly known as TeenVestor.com, it is the first platform dedicated to providing original – as well as curated – information for young, business-minded teens.