<p>Does it even say that the recipients will have to drop out of school? It’s mentioned in quotes that you don’t need school to be innovative and successful, but it never necessitates that the students recieving the scholarship need to leave school…as far as I could see from reading.</p>
<p>“Their schtick was that “none of the great tech innovators” finished their degrees.”</p>
<p>They should google on “tech innovators who got Phds” . GOOGLE it. heh. ;)</p>
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<p>totally agree…its like the incubators…most of the places like Y-Comb and Tech Stars take a 5-10% stake…</p>
<p>I would just use the money to go back to college. Duh.</p>
<p>Well, this topic is very relevant to our family currently. </p>
<p>Child # 3, “A” student at well known high tech university and eligible to graduate early in one more semester if he desires, was flown across country Thursday and is being courted by a start-up. The founders are big name school drop outs (so to speak) - young techy guys who founded and sold another company while still in their teens and now are looking to start another. They are offering a “get in on the ground floor” opportunity, but he would have to leave school to join. And maybe have to leave school now in mid semester.</p>
<p>Sounds like there is a connection to “start up incubators” and Peter T; not much more that I can say.</p>
<p>What is relevant here is that he is even considering this. I was struck by this mentality when I had visited him on campus a few weeks back and met several very bright former International Science/Math Olympiad medalists who had left grad school for start ups. All seemed to feel that schooling - undergrad and grad - in tech fields is unrelated to “real world” needs and not very useful. I find this startling.</p>
<p>So, what to do? As a parent we are slightly heartbroken at the prospect of our son dropping out, but realize this is ultimately his decision to make. He is aware of the financial costs and his school seems to be okay with him taking a leave should he choose this. I would appreciate any feedback about how others have dealt with their kids who have confronted this. Any parents with kids who have left school to pursue a start up?</p>
<p>15 years ago I was invoved in Venture Capital, we advertised for a year in the Venture Magazine. The small ad brought in 100’s applicants, at least 2 per day nation wide. America is not without telents and ideas, funding is the problem.</p>
<p>This program will bring so many applicants that the admission rate of HYP will look pale. Even if the sponsor will retain the ideas generated from this program, with proper legal contract of sharing the fruits, it will be a great program for those young inventors. </p>
<p>I am all for it, had my DD capable, I will encurage her to join. I am a little concerned as to the selection criteria and the administration of the funding, however.</p>
<p>Well you could use the money to start your own business at least</p>
<p>How many people under 20 have innovative ideas? How many will take time to apply?</p>
<p>I wonder…</p>
<p>I wonder, too, since I have an innovative idea and applied–I’m really curious how many other applicants are out there (and if any of them are on CC 
)</p>