Kids can pitch business ideas to Warren Buffett
- Contest lets winners pitch business ideas to billionaire Warren Buffett
- Eligible ages are 7 through 16
- Grand prize winners get $5,000
OMAHA, Neb. (AP) — An online contest is again offering a few young entrepreneurs the chance to present their business ideas to billionaire Warren Buffett.
Students age 7 through 16 can submit their ideas until Feb. 15. Four individuals and two teams will be flown to Omaha to present the ideas to Buffett in person next May.
Berkshire Hathaway's chairman and CEO says he was impressed with the ideas last year's finalists presented.
The single prize winner's idea was Shine So Bright, a kit for creating light-up designs on clothing; the team winner's idea was Deals on Wheels, a portable school store that could sell school supplies and healthy snacks.
The contest, which is sponsored by the Fairholme Foundation, is affiliated with the "Secret Millionaire's Club" cartoon that teaches kids financial principles. Buffett voices the animated version of himself that offers advice in the cartoon.
Grand prize individual and team winners will each receive $5,000 after the ideas are judged. Details are available online at smckids.com.