It’s that time of year again! We’ve gathered our admissions data and are excited to share a bit about this year’s incoming cohort of high school student entrepreneurs at LaunchX. Our admissions process selects young entrepreneurs from across the United States and the around the world to work together to bring ideas to life. With the addition of LaunchX Virtual this year, we continue to bring the LaunchX experience to students wherever they are located! We are excited to welcome our admitted students this summer.
Here's a bit about our incoming class for 2020...
32% of admitted students are female and 68% are male.
All high school grades are represented among this year’s cohort.
22% of admitted students are financial need applicants. It is important to us at LaunchX that we be able to admit the most talented and entrepreneurially-minded applicants, so admission is need-blind. That means that applying for financial need cannot hurt your chances of admission.
Students come from 28 different states and 40 different countries, with 38% of admitted students come from countries outside the United States including Nicaragua, Brazil, Zimbabwe, Tunisia, Greece, Luxembourg, the Philippines, and many more!
When assembling startup teams, one of the things we look at is entrepreneurial types to balance the team structure. This year, LaunchX admitted students’ break down as:
- 17% brander (who specialize in marketing and branding),
- 25% builder (who tend to be the technical and product development specialists),
- 34% business developer (managing the sales, finance, and business logistics), and
- 24% brain (who specialize market research and user experience).
Many of the admitted students were engaged in entrepreneurial pursuits before applying to LaunchX. In fact, it’s one of the things we consider during the application process! Here are some of the activities our future Launchies have participated in:
- 17% Started multiple companies or non-profits
- 25% Attended hackathons
- 39% Competed in a startup competition
- 49% Attended an entrepreneurship program
- 60% Started a company or non-profit
- 65% Started a school club
Wow! We're continually impressed by what these students have done even prior to joining the program. If you're considering applying next year, and these seem overly impressive, don't let these stats deter you! Keep in mind that there are lots of entrepreneurial types and backgrounds that come together to start a company, and there's a reason that none of these are more than two thirds.
The mindset, experience, and teaming capacity of these students come in all shapes and sizes, so while we've tried to give a bit of an overview in some statistics, each student brings something unique and amazing to the program. Keep that in mind when you apply next year, and start thinking about how you'll communicate your unique entrepreneurial aptitude in your application.
This summer, we are excited to once again bring together such a talented group of high-school entrepreneurs! Stay tuned for updates from this year’s cohort on Instagram, Twitter, and Facebook, as well as here on the LaunchX blog. We can’t wait to see what our teams build this summer!