YOUNG people have been invited to prove themselves as social entrepreneurs in a business-led enterprise campaign headed by Dragon's Den star Peter Jones.
Peter is chairman of business-led enterprise campaign Enterprise UK. Now in its third year, the successful nationwide competition challenges young people to make as much money, and social impact as they can with a humble £10 note – in just one month.
Make Your Mark with a Tenner is now open for registration. Schools and colleges can register students to take part in the exciting initiative and secure a share of the £200,000 Tenner ‘bank’, funded by Mr Jones and Michael and Xochi Birch, the founders of social networking site Bebo.
Make Your Mark with a Tenner, run by Enterprise UK, is open to young people under 19 years olds. Up to 20,000 young people will each be given a £10 note and will have just one month to come up with creative, enterprising ideas to multiply their money. Once the £10 loans have been returned at the end of the competition, participants can either keep their profits to develop their business idea further or donate them to a good cause.
Peter Jones said: “Make Your Mark with a Tenner empowers young people to make their ideas happen. We know young people are concerned about the challenges society faces, and we’re aiming to show young people that by acting on an enterprising idea, it is possible to make money and a real difference.”
“This harnesses the unrivalled energy and creativity of young people. Their fantastic achievements increase each year that we run it, proof that if you trust young people to act entrepreneurially they will rise to the challenge. I encourage every school and college in Wiltshire to sign up to this, our biggest year to date.”
A total of 16,000 young people took part in the 2009 competition generating an average individual profit of £42. Teenager Henry Pearce from Kent led the field with largest individual profit of £736, for a fashion show project. National Enterprise Academy students in Amersham scooped the largest group profit of £765 which they then donated to The Make-A-Wish-Foundation.
Teachers and tutors can enter the competition on behalf of their school or college by completing an application form at www.enterpriseuk.org.