Business success beckons for four Barnsley Academy students who have passed the first stage of the ‘I Know I Can’ Challenge.
A locally run enterprise competition, the IKIC Big Business Challenge is open to any young person aged between 9 and 19 living and learning in Barnsley, with teams of up to eight students invited to submit a business idea.
Each successful team is paired up with a mentor from the business community, who will invest £20 and an hour every month to guide and support the team as they grow their business idea. The overall winners are then decided at a ‘Dragons Den’ style pitch at the end of the academic year and, after returning the initial investment, get to keep any profits that they have made.
Last week’s launch event, held at the Digital Media Centre, saw Barnsley Academy’s Year 10 students Chloe, Allyssa, Jasminer and Ellie take the ‘highly commended’ award and the £20 start-up investment with their ideas for ‘Royale’ – their own make-up range which will include lipstick, eye shadow and lip gloss.
The girls and four other groups from the academy had to compete against a number of other local schools including Shafton and Horizon for the start-up funding,
Commenting on the IKIC Big Business Challenge, Barnsley Academy Principal Mr Stephen Dixon said:
“It’s an excellent initiative, which helps to give our students an insight into all of the various aspects of setting up and running a business, including identifying a target audience, product development and marketing.”