Future Business Magnates is a highly successful business enterprise competition for students, established in 2005.
It’s a fun competition with an important business message. Schools from throughout County Durham take part in the exciting competition designed to introduce young entrepreneurs to the world of business and enterprise. Each school team is supported by a business partner from a local firm who guides the team through the competition.
Running throughout the academic year, groups of students are given a brief to start a business, and are taken through six challenges, from team building to marketing to product design.
The students are stretched and challenged to come up with a viable business and many of them do just that. In 2015, the challenge was very special – to create new products and services from new applications of light to coincide with Light2015Durham, Durham’s year of light. The 2016 competition challenged students to develop a new product for the home which will be manufactured in County Durham.
This year teams are working towards producing a product or service under the theme 'Connecting County Durham'.
If you want your business or school to get involved in inspiring the next generation of business leaders, read more or contact us now.