Prime wins Young Enterprise Company of the Year 2013 supported by HSBC
Students from Tiffin Girls School, London, have won the title of the UK’s Young Enterprise Company of the Year.
The final took place on Monday 1st July at Kensington Town Hall and was hosted by Oli Barrett MBE, co-founder of StartUp Britain and Tenner with support from special guests Jamal Edwards, CEO & Founder of SB.TV, Michael Acton Smith, CEO & Founder of Mind Candy and Steph McGovern, breakfast business presenter and also a Young Enterprise Alumni. The event and the Company Programme is supported by HSBC.
The students’ company, Prime, sells a silicone MP3 amplifier called Gramophone and will go on to represent the UK at the European Final on July 17th, competing with representatives from 33 other countries.
Managing Director, Olivia Wallwork, was delighted to win: “I’m absolutely shocked but so proud, being a team of 25, I feel like a proud mum.”
“We learned by doing and the practical experiences are key life skills. Winning the UK Final is a great high and we are hoping to keep the company going in the next academic year”
Roy Harris, Regional Commercial Director of HSBC and chair of the judges said: “Prime had a strong product and a robust marketing plan, their presentation was hugely impressive and they are deserved winners.”
Elementz, the team from Bayside Comprehensive, Gibraltar came in second place for their “Bootz,” a water resistant overshoe promoted as “the sensible alternative to the Wellington Boot” and third place went to Commando, the team from Downe House in West Berkshire, a company selling beanie hats and caps. Their hats have been endorsed by Karren Brady on Twitter and there are even photographs of David Beckham wearing one.
The teams were part of Young Enterprise’s flagship Company Programme, which sees students set up and run real businesses with the support of business mentors. Young Enterprise is the largest enterprise education charity in the UK and this year 26,000 students took part in the Company and Team Programmes. In the process they set up more than 2,000 companies between them that have altogether turned over an estimated £2 million.
Lorraine Thomas, Senior Manager Education & UK Community Investment at HSBC Global Corporate Sustainability said: “HSBC has been supporting Young Enterprise for over 30 years through our UK community investment programme. Young Enterprise is our longest supported education partner and we are delighted to be helping young people to develop their life-skills and entrepreneurship. It was inspirational to see the innovation and quality of the 13 businesses presented at the national final. I was particularly impressed by the sustainable aspects of the companies including their work with charities.”
Michael Mercieca, CEO of Young Enterprise said: “We would like to congratulate Prime on winning the UK final. The 13 teams who competed on the day had already been through a three-stage process with the judges since arriving in London: they were visited at their trade stands, interviewed by the judging team and their business plans were scrutinised.
“The students have worked very hard to create a successful business and the standard of the competition has been exceptionally high this year. Winning the overall competition really is a great achievement. Young people in the UK are phenomenally creative and innovative and this has been really brought out by the competition. The students have come up with some great concepts whilst also learning how to build a viable and scalable business.”
Other awards included the New Media Award supported by the Telegraph Media Group, which went to Offbeat from Blackwell School in South Wales, and the Cisco Human Networking Award that went to E-Go from Bridgnorth in Shropshire. The Financial Management in Business Award from CIMA went to Elementz while the Excellence in Marketing Award from the Marketing Trust went to Commando and the Excellence in Production Award, given by Amber Atherton founder of My Flash Trash jewellery and star of Made In Chelsea, went to Swapplications, the team from Cirencester College that created a smartphone application for schools, colleges and universities in the UK.
Notes to editors
About Young Enterprise
- Young Enterprise is the UK’s leading enterprise education charity.
- Every year we help 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 25,000 young people are taking part in our flagship Company Programme.
- Website: www.young-enterprise.org.uk
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- The schools participating in the final were Alleynes High School, Ampleforth College, The Queen’s School, Southfield School, Westfield School, Glasgow Academy, Wallace High School, Tiffin Grils’ School, Prestatyn High School, Downe House School, Cirencester College and Knight’s Templar School.
HSBC UK education programmes
HSBC has been involved with education projects throughout our history. The first HSBC scholarship was awarded to a social worker in 1965. Since then, education has grown to be the most significant focus of the Group’s community investment activities.
Globally, we invest US$50 million a year in education projects and thousands of HSBC employees get involved.
In the UK, we donate £14million a year to education programmes, reaching over 41,000 young people through charities including LEAP, UK Youth, St Basils, Community Links and The Prince’s Trust Fairbridge programme.
Together, we help young people fulfil their potential and realise their ambitions, by: providing access to education, developing life-skills and entrepreneurship, and promoting international and cultural understanding. Find out more at: www.hsbc.co.uk>About Us>Sustainability