Students face Entrepreneur Comp (26/11/2008)

November 18th saw the launch of the Enterprise and Entrepreneurship 2008/09 supported by Morston Assets, the Norfolk Charitable Trust and the College of West Anglia.

The competition aimed at entrepreneurs studying the BTEC National Diploma in Business and Retail saw 10 teams start up a business that they will run for 6 months. At the end of the competition each team will get the opportunity to present their business plan and financial results to a judging panel made up of the sponsors. The winning team will be offered free tenancy at the state- of- the- art Sexybiz (Space exclusively for your business) building which is being developed by Morston Assets, for one year.

Morston Assets are a landowner and the private development partner to the public sector behind the Yours South Lynn Millennium Community and where the new King’s Lynn campus will be built.

The ten new businesses have each received £100 from the Norfolk Charitable Trust which supports economic development through research funding and giving grants. Isobelle Robinson, Lecturer in the BTEC National Diploma in Business and Retail commented;

“This competition has given the students a real taste for enterprise and they have enjoyed perfecting their business ideas in small teams ready for the launch. The buzz of excitement within the groups has been inspirational and the quality of work produced so far has been amazing. Between them the groups have created a number of promotional initiatives including websites, launch parties and enlisted some of the local media including KLFM and are now showing a profit for their business.”