An excellent new initiative aimed at promoting enterprise amongst school students has recently been announced by Peter Jones, serial entrepreneur of Dragon’s Den fame. (You know him - he's the one everybody likes.)The Tycoon in Schools programme which will launch officially in November has seen him invest £100,000 of his own money into a competition which aims to motivate and inspire the next generation of entrepreneurs.
The programme which will run from 1st - 30th November 2012 will see schools being able to apply for loans of £1000 to be used by students who want to start a business. Interested students first have to pitch their ideas to their tutors to secure seed funding and use this “Tycoon Loan” to help get their startup off the ground. The students then have a month in which they must launch their project and try and make as much money as possible. The aim is to have a Tycoon League Table to show each of the student startups’ progress. When the programme ends at the end of November, the Tycoon Loans must be paid back and any remaining profit can be used by the schools themselves.
If you know any schools that you think ought to get involved, they can sign up on the Tycoon in Schools site and there is also a Twitter account to stay up to date with all the news and developments. ( @Tycooninschools ). Entries must be received by 1st September.
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