East Northamptonshire’s finest young business brains put their skills to the test this month at the final of the 8th Business Dragons event, hosted by East Northamptonshire Council.
The competition, organised by The East Northamptonshire College, saw teams of entrepreneurs from five local schools (Prince William School, Rushden Community College, The Ferrers School, Huxlow Science College and Manor School Sports College) pitch their ideas and business plans to a panel of local Business Dragons.
The ‘Dragons’ included Peter Waddup, Director of Scotts of Thrapston; Lorna Wiltshire, Personal Stylist and Committee Member of Rushden Town Partnership; James Maziak, Managing Director of Maziak Compressor Services Limited; Katherine White, Director of Seeds of Change and Emily Carrington, Solicitor of Borneo Martell Turner Coulston.
The final, which was held in the Council Chamber on 11 July, gave the young people the opportunity to present their original business ideas to the panel, having considered the design of the product, finance, staffing, manufacture, competition and profitability.
The Business Dragons then tested the knowledge and professionalism of each team with rigorous questioning about the benefit and effectiveness of their ideas.
The best overall winner trophy (supplied by East Northamptonshire Council and presented by the Chairman) went to Hexpad, Manor School Sports College. Their idea, entitled Energy Roads, is to place hexagonal shaped energy panels on the roads which create energy as vehicles move over them.
The best presentation trophy (supplied by Scotts of Thrapston) was awarded to Prosperity, Rushden Community College, for their pitch about a solar mobile phone charger.
Geophica, The Ferrers School, won the best innovation trophy (supplied by Maziak Compressor Services Limited). Their idea is for a Geo-Pen, a pen that highlights and scans your writing and then downloads it straight to a computer document.
Chairman of East Northamptonshire Council, Gill Mercer, said: “I was really pleased to attend this event and hear such innovative business ideas from young people in our district. Well done to all those who took part.”