Liverpool students crowned UK champions at Santander and Young Enterprise competition
Quality loose leaf refreshment from the Teabox Company scoops top prize
Students from Liverpool John Moores University bagged the coveted title of Santander Best Overall Start Up Company 2013 at the national final.
The Teabox Company impressed the panel of judges with their company which specialises in the distribution of loose leaf tea, as well as offering a B2B service allowing shops, bars and restaurants to stock their products.
The team beat off stiff competition from nine other start-up companies from universities across the UK, also winning Best Display Stand at the event at One Canada Square in Canary Wharf, London.
The team said: “We’re just so happy to win. It’s a great honour and it’s nice that all the hard work has paid off.
“We’ve really benefited from an invaluable experience. You learn so much more than you can be taught through textbooks and lectures by experiencing the ups and downs of starting a business.”
Chair of Judges Richard Rochester, Business Engagement Manager, London Higher, said of the teams: “We have seen some very good work here today.
“This competition has reiterated how important enterprise is today. I’m really happy to see some of you are looking to turn your companies into real businesses.”
The Teabox Company will continue after graduation, with trading continuing in outlets they currently use and online, with international expansion in the pipeline.
The other Awards given out on the night were Best Investment Proposal Report, which went to University of Ales from Bangor University, and Best Presentation, which went to Ferox from Kingston University.
University of Ales impressed the judges with their business idea to market and produce ales for younger drinkers in their 20s, whilst Ferox had produced a solution to lost keys with their magnetic key ring.
The Young Enterprise Start-Up Programme, supported by Santander, runs for one academic year for students at university, giving them the chance to set up their own company during their studies.
Students are mentored by business advisers throughout the year as they plan, create and run their own business. Many students graduate from university with a business to build a career on.
This year over 2,000 students formed 360 companies on the Start-Up Programme.
Sheralee Morris, Senior CSR Manager, Santander, said: “It’s an excellent programme offering the students ‘hands-on’ experience of setting up and running a business. We’re delighted to support ‘Start Up’ which encourages students to realise their ambitions and become the next generation of business entrepreneurs”
The Teabox Company will now go on to the Junior Achievement – Young Enterprise European Start-Up Company of the Year Competition, which this year will take place in Liege, Belgium from the 3rd to the 5th July.
The team said: “We’re very excited to be going to Belgium to represent the UK and more importantly our university, Liverpool John Moores.”