Peter Jones CBE launches Tycoon in Schools 2015
National youth enterprise competition opened to primary schools for the first time ever
Dragons’ Den star Peter Jones has launched his national enterprise competition, Tycoon in Schools 2015, to encourage school children to get involved in enterprise and entrepreneurship.
Now in its fourth year, the competition gives students a £1,000 start-up loan and they are then challenged to set up their own real life companies, making as much profit as possible in a seven week trading period.
Those aged five to 18 years-old and attending state or private, primary or secondary schools in the UK can take part. Teams must submit a detailed and fully-costed business plan by September 30 to be eligible for the competition – there is no limit to the number of teams per school.
Last year’s winners were announced during a ceremony at Buckingham Palace, where, in a surprise announcement, Jones tripled and split the £1,000 pound prize fund between three separate finalists.
Funneling 4 Fuel, which scooped the 2013 prize for its innovation which makes bio-fuel from waste cooking oils, has just been nominated for the Observer’s Young Green Champions award.
Peter Jones Foundation CEO, Alice Barnard, commented: “After the incredible success of Tycoon in Schools 2014, we are more excited than ever. We encourage as many schools as possible to get involved and reap the benefits of this unique practical experience.
“For the first time, we have decided to open the challenge out to primary schools as well as secondary, so that we can share the rewards of enterprise education with children from a younger age.”