Make Your Mark with a Tenner is a national competition where 20,000 young people, aged under 19, from schools and youth organisations across the UK will be each loaned £10 and challenged to turn their loan into a larger sum while helping other people, both through their enterprising activity and by investing their subsequent projects into a good cause. Today’s launch was marked by a giant piggybank full of £10 notes taking residence outside the Royal Exchange. School children from London will collect their £10 loans from the tenner bank and get the opportunity to speed-network with entrepreneurs. Former Apprentice winner Michelle Dewberry (who recently launched Chiconomise.com, a money-saving newsletter for women) is on hand today to field questions and offer advice. The competition is supported by NESTA and funded by big-name backers, including serial entrepreneur and star of Dragons’ Den Peter Jones – who himself ran his first business before he was 18 – and Michael and Xochi Birch, the inspirational founders of social networking site Bebo. Having put a total of £200,000 into the "Tenner Bank", some 20,000 school children stand to benefit from the scheme: that means 20,000 budding young entrepreneurs. Oli Barrett, entrepreneur and founder of Make Your Mark with a Tenner, says: “Make Your Mark with a Tenner encourages young people to put a small amount of money to good use, with the chance of making a significant return, in stark contrast to the current economic crisis. Each participant will make the most of their own skills and talents, and experience first-hand what it’s like to turn an idea into a real money-making project.” Related articlesDuncan Bannatyne: "My kids aren’t entrepreneurs and I don’t care"Start-up mentored by veteran entrepreneur
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.