Entrepreneurs of the future line up
Young Enterprise teams joining forces to host the fair in Plymouth Guildhall.
Budding entrepreneurs will test their businesses against real companies at a Christmas trade fair.
Young Enterprise and Outset Plymouth are joining forces on Saturday to host the fair in Plymouth Guildhall.
The fair will put the Young Enterprise teams to the test to see how they hold their own against the real-life start-up businesses supported by Outset.
This is the second year the project has been supported by Plymouth Chamber of Commerce, with 13 teams taking part this year.
Teams set up and run a real-life company over the course of the school year. They must elect a board, sell shares, design, make and sell products and then liquidate and pay taxes at the end of the year.
Morven Maclean, manager for Plymouth Young Enterprise, said: “The Young Enterprise project is really important, as it gives young people a taste of what it’s like to set up and run a business, motivating entrepreneurs of the future.
“I’m pleased to see the enthusiasm and commitment shown by our teams this year and look forward to seeing how they do at the Christmas fair and throughout the rest of the competition.
“The Christmas fair will be an opportunity to buy some unique and innovative Christmas presents, so I hope to see many visitors attend on the day.”
Coombe Dean School, South Dartmoor College, University Technical College and Lipson Cooperative School have teams in the scheme for the first time.
This year Plymouth production and film company, TwoFour, is following teams throughout the year, making a film of their progress.
Each team attends a weekly board meeting where members receive advice from city business people from companies such as KPMG, Babcock, Bond Dickinson and Bishop Fleming.
Rob Guy, business finance adviser for Outset Plymouth, said: “The Christmas Fair is a great opportunity for Plymouth’s start-up businesses to get themselves known and make vital new connections – and sales – during the busiest trading period of the year. “From bespoke T-shirts, hair accessories and play bags to books, wall crafts and handmade cards, Outset’s business community has really got behind this year’s fair, and I wish them all a highly successful day’s trading.
“Also, as a Young Enterprise board member, I’m thrilled that so many teams from local schools and colleges are taking part in this year’s project, and I’m looking forward to seeing their entrepreneurial talents in action alongside those of the established businesses supported by Outset.”