Home Education Student entrepreneurs share £5,000 in seed funding – FE News

Student entrepreneurs share £5,000 in seed funding – FE News

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Entrepreneurial students and graduates have been successful in securing a share of £5,000 of funding, provided by Santander Universities UKas part of the University of Venture program.

The ten shortlisted undergraduates and postgraduates took part in a two-day event aimed at supporting their business ideas, which included the opportunity to pitch their proposals to a panel of judges. It turned 10 this yearthousand anniversary of the annual Venture Pitch celebration.

Officiated by Mike Skinner, RTC North; Lynn Robertson, Santander; Hems de Winter, Hems de Winter Consulting; David Murphy, Forresters; Neuza Morais, an architect and community educator, and Kevin Furlong, a senior lecturer at the University of Chester, asked participants to give a five-minute pitch outlining their business idea and model.

The three businesses then received a share of £5,000 in funding, kindly awarded by the UK’s Santander Universities. In addition, over £11,000 worth of business prizes were awarded at the event. The University would like to acknowledge the generous support and sponsorship of Forresters IP, Riverside Innovation Center and Cheshire West and North Wales Chamber of Commerce and Industry.

The venture program provides students and graduates with the skills and knowledge they need to start a business or build a freelance career. It consists of nine modules covering various aspects of starting a business. They are called: Tuning; Sales and Marketing; Business responsibility; Finance and financing; Entrepreneurial skills; Business planning; Legal issues; Internet marketing; and individual business consulting.

Open to students from all disciplines and all levels of study, Venture consists of a unique blend of content from industry partners to support people at different stages of their entrepreneurial journey.

Students and alumni who participated in the Venture Program during the year are eligible to apply.

Successful pitchers were:

  • Shima Amia Business Management and Leadership student who received £2,200 for AR Inc, a sophisticated restructuring management business that leverages public assets for community benefit. Shima also received customized marketing consulting, a professional logo design, a branded merchandise package and a startup website.
  • Eleanor Jonesthe first year Business management student, received £3,000 for Yes, an idol, a company specializing in the supply of K-Pop merchandise to the UK. Eleanor was also awarded a social media training programme, an iPad and support from the Santander Breakthrough Women Business Leaders Mentoring Programme.
  • Jemima Antwyan Accounting and finance student, was awarded a £400 Careers and Employability Grant Reusable Mimes, an online store that sells reusable products for consumers and small businesses. Jemima was also awarded a professional photography package, an iPad, a flexible workspace at the Riverside Innovation Centre, a two-hour branding consultation and a £200 stipend, kindly sponsored by Forresters and supported by the Santander Breakthrough Women Mentorship Programme.
  • Elizabeth Edge, a Master’s Degree in Clinical Counseling student received £1,000 for her business Counseling and embodiment therapy to help tackle the UK’s mental health crisis. Elizabeth was also awarded with a professional logo design.
  • Bhanuprashanth Karna, a Master of Engineering Management student, received £800 for Maglev ovens; a business that seeks to bring magnetic levitation technology to induction cooktops. Bharuprashanth was also rewarded with one-on-one business coaching and a personal introduction to IP Foresters.

The following awards were also presented:

  • Patrityush Shubrit, study at a Doctor of Business Administration degreereceived a 12-month membership in the WCNW Chamber of Commerce.
  • Sarah Bowker, the last year Bioveterinary student, received a professional logo design for her business Pawfect Palace; a cat and dog boarding center that focuses on maintaining animal welfare and providing a safe environment for pets.
  • Tendai Tsang, a Master’s Degree in Mental Health student, was awarded individual business coaching for his business idea Thrive Oyster, a mindful community project aimed at providing healthy produce to local markets and restaurants and empowering local communities to bridge the gap between farm and fork.

Amber Ghafoor, Entrepreneurship Coordinator Career and employment teams, said

“The 2022 Venture Challenge showcased the extraordinary entrepreneurial spirit and talent at the university. It was incredibly nice to get back to hosting the event in person and getting to know the students and alumni we’ve interacted with over the past two years online. Each person has shown real commitment and passion in bringing their business ideas to life and I am honored to be a part of their journey. I would like to thank our venture partners and the University of Santander for their continued support.”

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