The Big Idea 2018 Business Competition – BSix Student success!
22 May 18 ● 1 year ago
The Big Idea Challenge is an annual business competition organised by London Metropolitan University and their partners, including NatWest Bank
The competition offers £30,000 investment to the best ideas. BSix BTEC Level 3 90-credit Diploma in Business students, namely Hanan Abdulkani, Emmanuel Onapa, Usama Osman, and Mohammed Nasir, participated in the competition which motivates and mentors them to excel and realise their entrepreneurial potential. They were successful at the business incubator stage – Accelerator and they received guidance and support from Entrepreneurs on developing and pitching their idea in a day-long boot camp on 27 March 2018. Their ideas also featured in Hackney Gazette, 23/3/18.
The Big Idea Challenge offers financial and other incentives to the five best ideas across the commercial, creative and social categories. BSix Sixth Form College students are creative visionaries and they consider the experience of the project of more value than just the winning prize. They appreciated the opportunity to gain substantial experience, showcase their skills, analyse and evaluate outcomes and uncover personal aptitude. They were encouraged by their teacher’s and Business Mentor’s to see the bigger picture and to adopt innovative techniques and develop their ideas and skills in a creative manner.
The students involved reflected saying:
‘’The big idea challenge was extremely helpful in helping me understand how to develop and pitch an idea. It has helped me to perform better within a team and has prepared me a lot more for the future. I now believe that I will be able to work more effectively when making my own business start-up.’’
“The Big idea, Bootcamp and the Accelerator experience was very beneficial and it helped us improve our business. Being in an environment with people who have the same mind-set really motivated me and my team”
“The big Idea challenge was a great experience for me and my team. We learnt how to build on our communication skills and develop as a team, we also learnt our strengths and weaknesses as aspiring entrepreneurs”
The BSix students were successful finalists and invited to the next stage to pitch their social media app ‘Popullus’ to a panel of experts. The pitch was made into a 60 second video which will also be voted on by the public. They will now attend the award night on 26th April, at which the participants of the Big Idea Challenge 2018 will be celebrated.
There are very few opportunities in the average student life that provide such exposure towards the competitive nature of the real life world-of-work as the Big Idea competition provides. BSix College students went through a series of brainstorming sessions, rapid problem solving sequences and experienced a totally diverse form of learning which would be difficult to replicate to this extent in the classroom. The student’s social media app ideas could lead to a business opportunity.
In conclusion, the competition has helped students to gain support and critical independent analysis of their business plan for the social media app ‘Popullus’. They were able to gain access to mentors and networking opportunities, improve key transferable skills and enhance their understanding of what investors and business entrepreneurs want… and they certainly enjoyed showcasing their entrepreneurial talents!