Is it worth bringing students, their projects to become commercial?

Question

IT education

Hello!
Three students of my robotics circle came up with interesting projects that can be used in everyday life. Is it worth bringing students, their projects to become commercial? So that students can sell and earn on their projects.
If so, what are the sales options? Can the students themselves sell or will parents need to be involved?
There are funds for prototypes and the first projects for sale. No experience in writing a business plan.

Answer 1

Everything is complicated here. The easiest way for a minor to run a business is to hire a personal lawyer authorized to conduct legal proceedings. business on behalf of the client. He will put seals and give autographs on behalf of, in fact, a minor. This is very convenient, since parents usually think in their own way, and a good lawyer (yes, you still need to find one) will act only on behalf of the client, protecting against actions that are incorrect from the point of view of jurisprudence. Another option, if the student is smart, it is quite possible that he will do everything himself. Legislation allows, only the consent of the parents is important.
And yes, the business plan and all that is sheer nonsense. Trust me, I've experienced it myself. It will be required only if there is no clear understanding of the project or if there is not even a prototype. In the first case, the investor may recommend drawing up a business plan so that "there is nothing", in the second - well, how else? By the way, it is better to stay away from them as far as possible. It is ideal to do this on pre-orders, when buyers pay for the production of goods themselves or through crowdfunding. Perhaps parents can become investors. Finally, again with the full support of parents, you can take out a loan for a small business. Investors, they are too cunning to work with a child on an equal footing, after all, they just need to bite off a bigger pie.

Answer 2

Cooperate with the students of another teacher who gives marketing and sales ;-)
You yourself know - you need to push the product through 4F: family, friends, founders and naive.