Following backing from the Department for Business, Innovation & Skills, the competition has now received a funding injection of ?50,000, which will enable more secondary school children to take part and rollout the campaign.
?We are thrilled to have had so many schools up and down the country sign up for the Tycoon in Schools competition this year. With the support from the Department for Business, Innovation & Skills, the competition is set to be greater than ever,” says?Alice Barnard, CEO of the Peter Jones Foundation.
?The Tycoon in Schools initiative is very important to the Peter Jones Foundation. Inspiring entrepreneurship and business minded thinking in young people is at the heart of our mission at the Peter Jones Foundation as it is vital for their future development and success. I can?t wait to see the new businesses and young entrepreneurial talent that emerges this year.?
The range of business ideas proposed and executed last year show how imaginative secondary school students can be.
Innovative business ideas ranged from hand-crafted clothing exchanges and community written recipe books, to customized technology accessories and even a potential cure for arthritis in horses. The competition was won by Eleanor Bullough from Da Vinci School, for her business Boo?s Bits & Bobs.
The deadline for students to submit theircompleted business plans to the Peter Jones Foundation is Tuesday, October 8, 2013.
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