In the current economic climate, it has been a difficult situation for everyone. So this particular event was a breath of fresh air, providing cash infusions and support from experts to the deserving candidates. The event was the inaugural Founders Awards which awarded seven students with the School’s Deloitte Institute of Innovation and Entrepreneurship reward.
The contesting graduates have already benefitted to a certain level from earlier support through the schools’ incubator but to qualify for the entire support package the students had to pitch their ideas and give presentations on the business plan of their business ventures.
The package will consist of the following features; an entire year at the school’s incubator, a small amount of cash backing, Deloitte and London Business School experts would provide mentoring along with alumni support, access to workshops and training sessions, networking events with angel members and advice on how to pitch for the future, and consultation and invite to attend a branding workshop provided by a leading branding consultancy called Landor Associates.
Executive Director of Deloitte Institute of Innovation and Entrepreneurship, Jeff Skinner said: “Entrepreneurship is one of the major strengths of the School and we are immensely proud of the many ventures our alumni have developed; creating sustained wealth, employment and growth.
“Each year, a number of students start their own venture after graduating, and often they base their business on ideas developed at the School. These ventures face an array of challenges and need all the support we can give, especially in these uncertain times.”
Paul Fletcher, a senior partner at Deloitte, added: “Entrepreneurs play a critical role in securing a strong and sustainable recovery for the UK economy and it is vital that businesses such as those being recognised by the Founder Awards receive all the support they need. We look forward to bringing business community support and expertise to these confident Founders and exciting businesses over the coming 12 months.”
The students’ entrepreneurial efforts are being rewarded through these awards. It has proved to be motivational and not only will it benefit the students but help build a flagging economy.
For more information, please visit; http://www.london.edu/