The category invites students in sixth form/college to pitch a business idea to our panel of judges.
The initial entry should be a written document of no longer than 600 words and should cover the following detail:
- 1: Product or Service. Does the product/service idea offer value? Does it solve a problem? Is the product/service innovative? Is there differentiation? Market research?
- 2: What is your marketing strategy? How do you propose to market this product/service to your target audience?
- What is your brand? Have you thought about clear identity, a logo, unique trademark, domain name?
- Financial Strategy. Will the venture make money? Cost projections – investment required and return on investment within three years.
Shortlisted candidates will be invited to conduct a 15-minute presentation to a panel of business people and senior executives from the education sector among the Next Generation Somerset partners.