In 2007, a challenge was set! Over 100 students from London Borough of Southwark, UK schools were invited to create a business idea. In teams, the students thought up their own business ideas, they were supported through a series of workshops and training. Business experts gave their time freely to inspire and train the students. The workshops included: marketing; finance; team building; event planning; creating business plans; and presentation skills.
The teams then developed their ideas and pitched their business to a panel of business experts, including: Lord Herman Ouseley; Joy Nichols MBE (who won the HRH Queen's Award for Enterprise); Mei Sim Lai OBE from the Institute of Directors City of London; and restauranteur Kelvin Macdonald. The business experts were only able to fund four teams! With a budget of up to £250 per team.
Carol Kay's Southwark Education Business Alliance commissioned this project. Their innovative approach to teaching enterprise really inspired the students. Watch the video and see how they got on!