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Becoming an entrepreneur is monster fun, says Mr Moshi

Moshi Monsters founder Michael Acton Smith is the latest in a string of new backers for the Tenner contest, reports the Mail on Sunday. Under the competition teenagers are lent £10 and challenged to make money.

The contest was suspended last year after the Government withdrew funds and frontman Peter Jones, a judge on Dragons’ Den, left and set up another challenge, Tycoon in Schools, to give students a chance to run an enterprise, from drafting a business plan to trading, while still at school.

Tycoon in Schools entrants have included a henna art tattoo parlour and outdoor fitness training. However, this spring Enterprise UK is relaunching its Tenner contest with the support of a new partner – Young Enterprise, Britain’s biggest enterprise education charity.

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