St Paul’s School Students Win National Enterprise Competition
Young entrepreneurs from St Paul’s School, London, who had already been crowned best company at the London regional final, have won the national HSBC Young Enterprise Company of the Year Award at the Young Enterprise national final. The team will now go on to represent the UK in Brussels at the European final.
The winning team, VenturePad have created waterproof, tear proof, durable notepads. The judges were blown away by the teams targeted marketing and professional business model.
The final, held at the BFI, London, on 6th July, celebrated the top 14 student companies set up and run over one academic year as part of the Young Enterprise Company Programme. Young Enterprise works with over 250,000 students every year and this year 20,000 young people set up and ran a real business with Company Programme.
The overall winning team is judged against a strict set of criteria including innovation, sales, marketing, financial performance, social impact and teamwork. Venturepad from London wowed judges with their company report, trade stand, interview, and presentation.
Jonah from VenturePad said: “ Young Enterprise has tested us in a pleather of ways. Not only does it press teams to be innovative, but also to consider their past actions and improve upon them”
Ed, a student from the winning team, VenturePad, said: “ With the level of commitment each member of the team has put into VenturePad, winning the Final quite simply means everything to us.”
Company Programme students develop their key employability skills by making all the decisions about their business, from deciding the company name and product, to creating a business plan, managing their finances and selling their products. A longitudinal study of Company Programme alumni has shown that in the two years following their company’s closure, 94% are in education, employment or training [EET] – 7% higher than the national rate.
Ian Stuart, CEO UK, HSBC said: “The calibre of students who took part in this year’s competition has been very impressive, and it wouldn’t surprise me if it leads to some of these students becoming the entrepreneurs and business leaders of the future. Not only have they come up with some excellent business ideas, they have also shown dedication, hunger and genuine business acumen. The Young Enterprise scheme is a great way for youngsters to gain invaluable experience in the word of business in a fun yet educational way.”
Michael Mercieca, Chief Executive of Young Enterprise, said: “I’d like to congratulate the students from Venturepad for winning HSBC Young Enterprise Company of the Year Award. The award has been generously supported by HSBC who like Young Enterprise firmly believe developing creativity and employability skills can have a real impact on young people’s futures.
“You don’t get this stuff from a text book and we are greatly encouraged by our research which shows that 94% of Company alumni go on to education, employment or training – 7% higher than the national average”