09/01/2018 Princes trust

ENTERPRISE CHALLENGE

  • Sector: business admin law, courses
ENTERPRISE CHALLENGE

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Can you mentor students aged 11-16 years old to increase their confidence, raise their aspirations and inspire them? Approximate commitment is 1 hour per week, for 6 weeks (not including travel time and advance preparation).

Objectives

The Mosaic Enterprise Challenge is a fully-funded competition designed to increase young people’s understanding of business concepts and how they can apply them. Interaction with mentors helps build the students’ confidence, employability and self-efficacy.

The Competition

The Enterprise Challenge is an annual, national competition during which secondary school students aged 11-16 learn about establishing and running a business through a business simulation game. The five best performing teams in each region compete to receive a coveted place in the prestigious National Final, pitching their developed business concepts to an expert panel of judges.

The competition is unique in that students benefit from being mentored by experienced business professionals who pass on their knowledge and skills about various aspects of business.In the history of the competition, winning teams have enjoyed private trips on the London Eye, tea at Harrods, tea with the Prime Minister’s wife at 10 Downing Street, a trip to ITV News to meet Natasha Kaplinksy, a unique tour of Clarence House and a tour of HM Treasury.

The Runners Up receive £2,000 in prize money for their school, while the third placed team are awarded £1,000. All finalists receive goodie bags and all students receive certificates.

The winning team will also be supported by Mosaic to develop and launch their business idea, with prize money of £500 and the winning school receiving an additional £2,000.

The winning teams from each region all competed at the Mosaic Grand Finals, held on the 17th May at the offices of Hogan Lovells LLP in London. This was a fantastic day in which the finalist teams presented their pitches to a panel of expert judges. The final was compered by BBC broadcaster Sonali Shah and featured a keynote speech by entrepreneur, chef and musician Levi Roots who was made famous after his appearance on Dragons’ Den.

At the end of the day Team [email protected] from Skinners’ Academy, London were chosen as winners. Their business idea for a video sharing platform for exclusive use in schools impressed the judges and audience alike.

HEADLINE PARTNERS
The founding headline partner of the Enterprise Challenge competition is the Apax Foundation, the charitable arm of Apax Partners. Funding the competition since its inception in 2008/09, their continued support has been a significant factor in the competition’s growth and popularity today.

Since 2014, Qatar Charity UK has provided match funding support, enabling Mosaic to extend the reach and scope of the Enterprise Challenge.

DELIVERY PARTNERS
We are grateful for a range of support from organisations supporting the core Mosaic team, particularly:

TOTEM Learning, the provider of the business simulation game. Totem are a provider of learning solutions, including “serious games” for organisational learning and development.
Business in the Community, particularly the Business Class team which provides a strategic framework that enables businesses to form meaningful, sustainable relationships with schools
Hogan Lovells LLP, a global legal practice which, as a long-time supporter of Mosaic, has hosted the National Grand Finals each year, as well as providing judges to the judging panel
Learning to Work, our delivery partners in our South East region

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