09 Jun YES Businesses Enter Dragons’ Den
On Thursday 19 May, our Year 13 Young Enterprise businesses travelled to AUT in the city to compete in challenge two of the Young Enterprise competition, ‘The Pitch’. Our students had only two weeks in which to put together a 5-minute business pitch that they would present to judges. Students were then faced with 5 minutes of tough questions from the judges, which is something they all fear going in, but appreciate the value of once they are finished.
The day itself felt like the real Dragons’ Den TV series. Students were kept in a large board room before being escorted in the lifts up to the top level where they were taken to one of two presentation rooms. As if our students weren’t nervous enough, the logistics of the day meant they had a truly memorable experience that tested their performance, resilience, and nerves, all at the same time.
A huge congratulations to all 12 businesses for their efforts to complete ‘The Pitch’. The Young Enterprise challenges sit outside of the regular NCEA achievement standards so the students are essentially completing an entirely different set of assessments across the five Young Enterprise challenges. Despite this additional workload, every year they step-up and put pitches in front of the judges that they can be proud of!
Now it’s go time! With most of the business model planning done, it is time for our teams to start actioning their marketing plans and getting their products to market. We are pleased to announce that two of our businesses have been the recipients of $150 worth of University of Waikato SEED funding which will be a great kickstart to their business.
Finally, we congratulate Eric Irani, who was recently selected as the East Auckland representative for the upcoming Entrepreneurs in Action (EIA) weekend in Wellington. Also hosted by the Young Enterprise Scheme (YES), this 3-day workshop brings students together from across the country and has them competing in a condensed enterprise competition. Eric was chosen as the East Auckland representative after submitting a 90 second video as to why he should be selected and as a result has a fully-paid trip to Wellington. This weekend is a one of the flagship events in the YES calendar and provides incredible networking opportunities for those students chosen. It will be great to get Eric’s account of the weekend upon his return.
Dave Dunlop – Head of Department, Business