Newcastle University Business School

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Business School hosts Prince's Trust Enterprise Challenge

Newcastle University Business School will host the North East Regional Final of The Prince’s Trust Enterprise Challenge

The Prince’s Trust Enterprise Challenge is an inter-school competition which encourages young people to develop and recognise their entrepreneurial skills. Key to the success of the programme is the mentoring support the students receive from inspirational business mentors. The six best performing teams in the first stage of the competition in the North East have been invited to take part in the regional final event.

The event is aimed at secondary school students from the North East. All students taking part in the Enterprise Challenge competition are either currently studying or interested in business. Also attending the event will be the business mentors who have worked with the students, as well as the judging panel which comprises senior business professionals. The challenge will also feature inspirational talks from two Prince’s Trust Young Ambassadors, who will be sharing their journeys about setting up their successful businesses.

During the challenge, talented student teams will pitch their idea for a social enterprise business to a panel of judges, in a Dragon’s Den style. This event aims to increase young people’s confidence, public speaking skills, help them to recognise their talents and capabilities, and encourage an entrepreneurial spirit.

The winning team will be invited to the grand finals in London in May, where they will pitch their business idea in front of an audience of business experts and will be in with a chance of winning £500 seed funding to launch their business!

“We have been studying business studies for a year and a half. I enjoy learning about businesses and how they start up and keep the business going. The best part of the Prince’s Trust competition was learning how hard it was to generate interest in the business and how competitive they are. During the Enterprise Challenge, we learnt how to work as a team and make decisions by communicating in a group. The mentors gave us help and support by helping us make decisions. We learned the basics of how to run a business and make a profit.” - Participant

published on: 8 March 2020