The district’s finest young business brains put their skills to the test last week at the final of the 10th Business Dragons event, hosted by East Northamptonshire Council.
The competition, organised by The East Northamptonshire College, saw teams of entrepreneurs from four local schools (Rushden Academy, The Ferrers School, Huxlow Science College and Manor School) 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), Emily Carrington (Solicitor of Borneo Martell Turner Coulston) and Nikki Roberts (Manager of The Pavilion Youth Club).
The final, which was held in the Council Chamber on 15 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 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 CompleTea, Huxlow Science College. Their idea is to produce tea and coffee bags which already contain milk and sugar for those who are always on the go. They even had a working prototype for the Dragons to test.
The best presentation trophy (supplied by Scotts of Thrapston) was awarded to MicroMove, The Ferrers School, for their pitch of having a portable heating device that can wrap around a mug or bowl to heat food anywhere at any time, perfect for camping trips and festivals.
Zeus, The Manor School, won the best innovation trophy (supplied by Borneo Martell Turner Coulston). Their idea is for an interchangeable sole for sports trainers including hard studs, moulded studs, astro turf and soft spikes. This means you only have to purchase one pair of trainers for doing a variety of sports including football, rugby and golf.
Chairman of East Northamptonshire Council, Rupert Reichhold, said:
“The teams all gave very impressive performances and it was not an easy judgment for the Dragons to pick the winners. Each and every student should be very proud of themselves, well done.”