News & Events

Estonia’s 3 Little Pigs crowned winners European Company of the Year Competition 2013

Hands-on science lessons for youngsters win top prize against fierce competition from 34 other nations

JAYE winner 3Little Pigs1_opt
Winners: Three Little Pigs

20th July 2013.

Students from Estonian company 3 Little Pigs, have today won the title of the Young Enterprise and Junior Achievement Europe (JA-YE) European Company of the Year 2013 after the UK hosted the final at Wembley, London. Their company offers science shows to children aged 6-12. The hands-on experiments are available for private parties (birthdays and other events), schools and kindergartens and they have performed to over 1000 students.

The final saw over 250 students from 34 nations across Europe come to Britain for three days of competition (17-19th July).

Winning team member, Thorny Valk, was delighted to win saying, “Winning was perfect – we put in so much work and now we’ve got this award. The company we’ve built is amazing and we’re doing what we want, so it’s really cool. It’s really overwhelming! We’ve already founded Three Little Pigs as a real company, so there are big plans for the future!”

The runners up were the Spanish team Sun O’clock, who created a bracelet that indicates when sun cream should be reapplied and the German team KraGü who made fashion items.

The teams were part of Junior Achievement and Young Enterprise flagship Company Programme, which sees students set up and run real businesses with the support of business mentors.

The Company of the Year Competition is Junior Achievement and Young Enterprise’s annual celebration of the achievements of their very young entrepreneurs and their mini-companies from across Europe. 230,000 students took part this year in the Company Programme and competed at the national level for the “Best Student Company”.

Young Enterprise, the UK branch of Junior Achievement is the largest enterprise education charity in the UK and this year 26,000 students took part in the Company and Team Programmes across Britain. In the process they set up more than 2,000 companies between them that have altogether turned over an estimated £2 million.

Olivia Wallwork, 17 and Managing Director of the UK team Prime, who made the Gramophone, an amplifier for iPods and iPads that does not require electricity said, “As a group of 2 young business women it’s amazing to be here amongst such strong competition. Huge congratulations to Estonia who are such a lovely team. They were great, and we’re really proud of everything we’ve done as a team.”

Michael Mercieca, CEO of Young Enterprise said: “We would like to congratulate 3 Little Pigs on winning the European final. The 35 teams who competed on the day were of an incredibly high standard showing that there is an abundance of creativity and talent for innovation amongst the young people who take part in our programmes. But with unemployment at stunningly high levels, with youth unemployment at twice the European average and three times the national average in the UK, it is clear that Europe’s future prosperity depends on us expanding our work. We must do more to help the young acquire the “softer” practical employability such as teamwork problem-solving and presentational skills that give the confidence to land a job and build a business.”

Francesco Vanni d’Archirafi, Chairman, Citi Europe says “Future economic growth relies on young people having the skills necessary to succeed in the world of work. Whether they work for a large company or set up their own business, we have a responsibility to make sure they are equipped to fulfil their potential and contribute their talent and creativity in the workplace. Many of the skills needed are difficult to teach in a classroom and can only be developed through experience; that’s why the Junior Achievement Company of the Year programme is making such a difference – young people learn through practical experience. The Citi Foundation is proud to support Young Enterprise/Junior Achievement; by doing so we know we are making an investment in the future of thousands of young people, as well as that of our own company and the communities where we all operate.”

FedEx’s Access Award for the most comprehensive understanding of global trade and its effect on the nature of business went to the Finnish company RikuCo who sell, buy and repair gaming equipment.

NYSE’s Euronext Award for the mini-enterprise with the most creative and efficient business model as well as understanding the value of extraction across the team went to the Danish team, Faroese Sea Salt, who produce flavoured sea salt from the unique nature surrounding the Faroe Islands.

The Marketing Trust’s Excellence in Marketing Award for  the firm that demonstrated the best market research, brand development as well as addressing successfully the place, the price and the promotion of the product went to the Spanish team Sun O’clock, who created a bracelet that indicates when sun cream should be reapplied.

Sage’s Financial Management in Business Award for those who demonstrated the best understanding and management of their financial systems across the whole company went to the Greek team, REVOROOTION INC, who trade in the automated irrigation systems market.

Citi’s Entrepreneurial Spirit Award, given to the company who displayed the greatest amount of entrepreneurial spirit and innovation, went to the Irish team FARM  for The Cow Tail Lifter, which prevents dairy farmers getting kicked by their cows.

Other awards included The EwB TMF and The Alumni Leadership Award and the Social Enterprise Award

Competing nations at this year’s final were: Albania, Austria, Belgium Flemish, Belgium French, Bulgaria, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Isle of Man, Israel, Italy,  Latvia, Lithuania, Luxembourg, Malta, Netherland, Norway, Poland, Portugal, Romania, Russia, Serbia, Slovakia, Spain, Sweden, Switzerland, Turkey, and the United Kingdom.

 

***ENDS***

Notes to editors

 

About Young Enterprise

 

•       Young Enterprise is the UK’s leading enterprise education charity.

•       Every year Young Enterprise helps 250,000 young people aged between 4 and 25 learn about business and the world of work in schools, colleges and universities. The students do this under the guidance of a network of 5,000 volunteers from 3,500 companies.

•       This year more than 26,000 young people are taking part in our flagship Company Programme.

•      Website: www.young-enterprise.org.uk

 

About JA Worldwide® (JA, also known as Junior Achievement)

JA Worldwide is one of the largest global NGOs dedicated to addressing fundamental social and economic challenges of young people by educating and empowering them to transform their future and own their economic success. Through cutting-edge, experiential learning in financial literacy, work readiness and entrepreneurship, JA Worldwide effectively broadens the canvass of possibility for young people and enriches their ability to contribute to the strength of their families, communities, and economies. The 121-country JA Worldwide network is powered by 400,000 volunteers and mentors from all sectors of society, reaching 10.1 million students around the world.

 

About The Citi Foundation

The Citi Foundation is committed to the economic empowerment and financial inclusion of individuals and families, particularly those in need, in the communities where we work so that they can improve their standard of living. Globally, the Citi Foundation targets its strategic giving to priority focus areas: Microfinance, Enterprise Development, Youth Education and Livelihoods, and Financial Capability and Asset Building. Additional information can be found at www.citifoundation.com .

 

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

 

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi  | Blog: http://blog.citigroup.com  | Facebook: www.facebook.com /citi | LinkedIn: www.linkedin.com /company/citi