The fifth year of the Apax-Mosaic Enterprise Challenge was launched at Westminster School by last year’s winners, alongside the Rt Hon Nick Boles MP, Under Secretary of State for Communities and Local Government on Thursday 15 November.
“ The Apax-Mosaic Enterprise Challenge is an excellent way of enabling pupils to learn practical business skills such as sales, marketing and finance; from within the classroom and the opportunities the competition provides will be of huge future benefit. I am looking forward to meeting the youngsters who took part last year to find out what skills and knowledge they gained from the competition. ”
The Challenge is a national competition which aims to inspire knowledge and enthusiasm about business amongst young people. Teams of school children compete to develop, market and sell a new product.
This year’s theme for the Challenge is Pass It On, set by Global Entrepreneurship Week. The Challenge was won by pupils from Southfields Academy last year, with their invention of a wristband that can make payments and be monitored by parents.
One of the supporters of the initiative is Gatehouse Bank, a Shariah-compliant investment bank based in the City of London. As part of the launch, Gatehouse’s CEO, Richard Thomas OBE, led a delegation of business figures and senior leaders in a roundtable discussion on the issues facing young people in some of the most disadvantaged communities in the UK.
“The theme of Global Entrepreneurship Week is ‘Pass It On’ and the roundtable discussion will focus on how the business community can play an essential role in tackling some of Britain’s most pressing social issues,” said Mr Thomas. “This is a fantastic initiative, and I’m keen to encourage other leaders to join the programme.”
Mosaic was founded by HRH The Prince of Wales in 2007 to create opportunities for young people of all backgrounds growing up in the most deprived communities. Its series of mentoring programmes have made a demonstrable impact on improving the attainment and aspirations of thousands of young people. It was run by Business in the Community until July 2016, when it became part of the Prince's Trust.