Today's event will celebrate and recognise the success of participants in Tenner Tycoon, the nationwide scheme run by Enterprise UK to find Britain's youngest entrepreneurs.
The challenge posed to young people was to make money, make a
difference, but also give back to their communities - all from
This year, the competition helped to raise over £25,000 in 'profits' that were donated to a range of charities including the RSPCA, Barnardo's and Cancer Research. From each of the 57 shortlisted entries, there was an average profit of £87.
This year's winners ranged from six to 19 years old and included 12 year old Scott Chapman from Woodlands School, Derby, who held an event called 'The Inspiration Station' to inspire young people to start their own businesses. During the competition, he made £750 profit to channel back into the project.
Georgie Chesworth, a seven-year old pupil at St Josephs Catholic Primary School in Preston won the Under 11 Award for her business 'Georgie's Teddy Tags'. Georgie collected unwanted teddies from friends and family and created a personalised tag for them before auctioning them off. She raised £348.80 and donated it to the RSPCA.
Dragon Peter Jones, who spearheads Tenner Tycoon, says: "I want to thank all participants for their hard work and commitment during Tenner Tycoon. There have been so many inspiring stories and brilliant business ideas, which make this competition what it is: a showcase of the talent and ingenuity of young people in the UK."
Mark Prisk MP, Minister for Business and Enterprise, was equally impressed by the standard of entrepreneurship this year. He says: "Tenner Tycoon gives me great optimism for the future generation of entrepreneurs in this country.
"It is vital that we give children insight into enterprise at an
early age, showing them how rewarding it can be to convert your own
ideas into a business. The Government wants to transform the
ambition and aspiration of young people through this type of real
"This year's participants have highlighted the great culture of enterprise we have in this country and I am delighted to celebrate with the winners."
This year's Tenner Tycoon campaign was the largest and most successful yet with:
This year, students were encouraged to donate their profits to charity, and prizes are awarded to those who fundraised the most and made the biggest impact in their community as well as generated the most profit.