(Picture shows Syed with some of the Ark Academy entrepreneurs, - left to right – Paris Lewis, Sylvester Akoto and Saad Nazir)
Syed kick-started Global Entrepreneurship Week in the capital by helping 180 students generate ideas that they will develop into products and - literally - take to market.
Working with experts from the MyBnk organisation, Syed helped the budding entrepreneurs of the Ark Academy in Wembley to create real businesses as part of the school- based enterprise education programme.
Small teams, working under Ark Academy’s Vice Principal, Carla Haslam, created business plans and worked out budgets. The ideas were pitched their ideas to a panel of adult experts and young people, who assess applications and select winners.
MyBnk provided the resources and support to develop the students’ ideas, taking them from the drawing board t o a pre-arranged marketplace. Students competed for 0% interest loans of up to £40 per group.
The winners will be trying out their business ideas in a real marketplace, the Ark Academy fair. The teams will be trying to convince consumers, in the shape of staff, parents and fellow pupils, to buy their products and services.
All profits will be going to various charities, including the BBC’s Children in Need.