If you’re a young entrepreneur, Diddy wants to help you become a mogul.
He recently announced he would be donating $250,000 to the Network for Teaching Entrepreneurship (NFTE). NFTE is a non-profit organization that promotes entrepreneurship aspirations amongst at-risk youth. NFTE students are likely to graduate from high school or earn college degrees in science, technology, engineering, or math, according to surveys. At an NFTE event, Combs explained that these students, which are mainly inner-city middle and high school pupils, are “natural-born entrepreneurs” and “they have [entrepreneurship] in their DNA.” “An organization like this can show them that they have it inside of them and can show them how to relate what they’re learning in school to their street smarts and street savvy,” said Combs. The Bad Boy mogul related his own story and aspirations in talks with the youth to encourage them to continue to pursue their own businesses and take the future in their hands. He also contributed $250,000, alongside a $1.2 million grant from MasterCard.