BBC Dragon Peter Jones backs 14-year-old entrepreneur
Student crowned Ultimate Tycoon in Schools for eco-friendly paper business
BBC’s Dragons’ Den star Peter Jones has announced the winner of his new school enterprise competition Tycoon in Schools.
The £1,000 prize was awarded to 14-year-old student Eleanor Bullough, who impressed the judges with her paper garland business Boo’s Bits and Bobs, which manufactures decorations from handmade biodegradable paper.
Recognised for generating a significant profit in four weeks, Bullough was judged along with 500 participating students based on profitability, achievement, business concept, sustainability and community engagement.
Launched on November 5, Tycoon in Schools provided entrepreneurial school students with loans, which were used to kickstart four weeks of trading.
Across the 50 schools engaged in the project, four additional businesses were recognised for achievement, community engagement, sustainability and business concept.
Ultimate Tycoon is Schools Eleanor Bullough is set to use her £1,000 prize money, granted by The Peter Jones Foundation to continue with her new venture.
She commented: “It’s been a lot of work, but I have learned so much over the course of the competition and I am really grateful to have had this opportunity. I can’t wait to see what the future brings for Boo’s Bits and Bobs.”
Peter Jones is hopeful that the competition will continue to encourage business innovation from an early age: “As a country we need to do more to encourage enterprise and through this competition I believe we can help nurture entrepreneurial talent from the earliest opportunity in schools.”