Learning is a life long process. I would very much encourage my kid to do it - they would get to bring a passionate idea to fruitition, get exposed to running a company and get mentored by very smart entrepreneurs.
If it doesnt work out, I'll still pay for them to finish their degree the next year.
It makes a political statement that may or may not be appropriate, and helps him target the funding. I personally think it would be morally hazardous as an investment, but it is hard to fault as a grant. The requirement may simply be to avoid having kids continue with their schoolwork on the side.
If it doesnt work out, I'll still pay for them to finish their degree the next year.
What is the downside?