AAF Announces New Shark Tank Program

Posted on March 7th, 2017

sharkIt is no surprise that many Seventh-day Adventist schools across the country have big dreams that will never become a reality because of a lack of funding. Many students and educators dream of growing their school with projects that make their school exceptional and unique. We share that goal!

Alumni Awards Foundation (AAF) is dedicated to Adventist education.  We believe every Adventist school in North America has the opportunity and responsibility to be among the best in its community. AAF wants to bring the dreams of students and educators to life – this is why AAF is launching a new and exciting program – The Alumni Awards Foundation Shark Tank

What is the AAF Shark Tank?

Most of us have seen or at least heard of the popular TV show Shark Tank. On this show, entrepreneurs have the opportunity to present their business plan to a panel of wealthy investors, hoping that at least one of them will finance their idea or company.

The AAF Shark Tank gives a similar opportunity to Adventist academies in the North American Division. We are bringing together philanthropic investors who are interested in Adventist education together with Adventist academies that have a special need or innovative project they wish to have funded.

Schools with a major need, transformational idea or special dream project are invited to submit their plan to the AAF Shark Tank. The project should be something that will not only affect a single class or grade, but the school as a whole.  Otherwise, we encouraged the academies to dream big!

AAF will select a panel of “Sharks” comprised of investors who share a passion for Adventist education and want to contribute. After watching a three-minute video pitch, prepared and submitted by the students, the Sharks will have an opportunity to listen, ask questions and become inspired by an academy’s project or special need.

The Sharks can then choose to “invest” or, as often happens in the Shark Tank TV show, to be a part of the funding along with other Sharks. The Sharks will also decide on the benchmarks, accountability as well as the results they will expect from the students and schools.

How did the schools apply?

The AAF Shark Tank program was open to any Seventh-day Adventist secondary school in the North American Division.  The application process was as follows:

1.  Complete the Alumni Awards Foundation Shark Tank application 

2.  Submit a Supplemental Addendum (similar to a business plan) with the following information:

Project or Need Description

Scope

Logistics and time frames

Results or desired outcomes

Expected impact on academy operations and student body

Funding requirements

Detail budget

Sustainability

Accountability proposal

3.  Submit a three-minute video  presentation. The video need not be professional produced. In fact, AAF requested for it to be a student project if possible.

The applicants were encouraged to be as creative as possible, keeping in mind accountability will be an important consideration for the Sharks.  They were asked to propose a project that will have a significant impact on the entire school and were encouraged to provide detail and illustrations.   The deadline for submissions was December 15, 2017.  19 academies applied.

The academies with the best projects will be selected as finalists.  They will be invited to make live presentations to the AAF Shark Tank at the Alumni Awards Foundation’s 20 year Anniversary Gala, April 28, 2018 at the Westin Chattanooga Hotel in Chattanooga, Tennessee.  

AAF is currently recruiting SHARKS.  For more information, kindly contact us at info@alumniwards.org or by calling (423) 308-1855.

 

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2 Responses to “AAF Announces New Shark Tank Program”

  1. Elticia Buisson says:

    This is so exciting! My Economics student JUST completed their Shark Tank proposals for some really neat products for students and school!!! I will definitely submit an application. Does it have to be one application per project or per school?

  2. Imagine a place that will strengthen the Spirituality of the students at Greater Miami Adventist Academy (GMAA), a place conducive to reverence, where our students can worship God in a Church setting versus a gym. Instead of sitting on a bleacher, a mat, or the floor, they’d be sitting in chairs, a thousand of them. The sound system and lighting would be state of the art and their focus would be on the inspirational message being delivered. The stage would be large enough to house our weekly Chapels, Week of Prayer, NHS Inductions, Music and Drama home shows, Award and our multiple Graduation ceremonies.

    Thank you for the opportunity!

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