Next generation of entrepreneurs go head-to-head

Around 80 students from six schools across the country battled it out in the final stage of Lancaster University Management School’s (LUMS) 100-Day Entrepreneurship Challenge.

Students from Thornleigh Salesian College in Bolton; Sir Thomas Rich’s School in Gloucester; Blackpool Sixth Form college, Urmston Grammar School in Greater Manchester, and both Nelson and Colne College and Lancaster Royal Grammar School in Lancashire formed 18 teams in the competition this year.

The programme saw them generate their own business ideas linked the UN Sustainable Development Goals – all in just 100 days.

After creating business plans for ideas ranging from a sustainable shoe with a changeable sole to an air conditioning unit which doesn’t need electricity, the teams travelled to LUMS to set up a ‘marketplace’.

There they displayed their business ideas and were questioned on them by fellow students and LUMS staff, who then voted for their favourites in the People’s Choice category.

A team from Sir Thomas Rich School were crowned winners of The People’s Choice award for their idea, ‘Powerspin’ – a device which can convert a bicycle into an exercise bike which can produce electricity.

Teams then delivered a short presentation in a lecture theatre to fellow pupils, academics from LUMS’ Entrepreneurship and Strategy department and members of LUMS’ Entrepreneurs in Residence where further prizes were awarded.

Judges from LUMS’ Entrepreneurs in Residence network selected a team from Urmston Grammar as the winner of the EiR award, after seeing their proposal for an app to help users find independent businesses for days out.

And, after impressing with their idea for a hotel which employs homeless people, helping them to get back on their feet, academics announced Blackpool Sixth Form college winners of the departmental award.

LUMS’ Vicky Knill, a recruitment and conversion officer, helped to arrange the event. She said: “We were really impressed with the standard of entries in this year’s contest.

“There were some really creative, exciting ideas, and we could tell that the teams had put in a lot of work into their business plans.

“As well as recognising the contestants’ hard work, we’d also like to thank the schools for taking part and the teachers for taking the time to help guide the teams through the challenge.”