The eighth annual BiG Challenge competition supported by Sheffield City Council was launched at MADE, the UK’s Festival of Entrepreneurship, on 25th September.
David Grey MBE, Chair of the BiG Challenge steering group, officially announced BiG Challenge 8 open for business. Sheffield City Councillor Jackie Drayton was also one of the VIP speakers who helped to get the competition off to a flying start, together with two former winners, Jack Crofts and Chikumo Fiseko.
Jack Crofts from team Scrabtags explained how he started his business at Stocksbridge High School and is now studying at the Peter Jones Enterprise Academy at The Sheffield College. Jack runs his business, The Young Entrepreneur Foundation, providing support and guidance for young entrepreneurs in Sheffield under the age of 18.
A former winner in the Post-16 category of BiG Challenge, Chikumo Fiseko of Mostly Muffins is now entering her second year as an undergraduate at the Sheffield Hallam University, studying for a degree in Business. She has added to her already successful ‘Mostly Muffins’ business with a new range of Tiger J Chocolates.
David Grey, soon to assume office as Master Cutler, told the gathered audience of 200 guests at Sheffield City Hall, ‘It’s time for you to come up with an idea, form a team, receive £25 and start your business. The skills you acquire are an invaluable addition to the things you learn at school.’
Over the next six months teams aged 11-19 from across Sheffield’s secondary schools and colleges will compete to win ‘the BiG Prize’ – a fully paid 5-star overseas trip – as well as a host of other prizes and personal rewards.
Teams of between 1-8 students have to form a business to win. Each business is given a £25 cash investment, as a starter towards their business objective of making as much profit as possible within the BiG Challenge timeframe, employing teamwork, innovation and entrepreneurship. Having repaid the £25 investment plus a further £5 interest on the investment, teams can retain their profit in the business or the team, or donate their profit to charity.
The winning criteria include:
- Profit made
- The ideas and methods used
- Use of external networks and resources
- Marketing and communication
- Potential beyond the timeframe of the BiG Challenge
- And not least…..the fun enjoyed and enthusiasm communicated by the team
See below for details of this year’s winners, Aroma Blossom, who went on a fantastic trip to Berlin!
We hope you enjoy the BiG Challenge 8 launch video which is currently doing the rounds of assemblies in schools.