Thursday, 23 November 2017

Budding entrepreneurs in Tycoon competition

SEVEN girls at Queen Anne?s School in Caversham took part in the Tycoon in Schools competition launched by Peter Jones of TV?s Dragon?s Den

SEVEN girls at Queen Anne?s School in Caversham took part in the Tycoon in Schools competition launched by Peter Jones of TV?s Dragon?s Den.

The contest aims to encourage budding entrepreneurs to get involved in business by giving them a start-up loan of up to £1,000 to run a business while at school or college. Students have to make as much money as possible in seven weeks.

The year nine girls called their company RetroCycle and created upcycled products including bowls made from folded magazine pages, keyrings made from bottle caps and recycled notebooks decorated with items such as discarded circuit boards, obsolete coins and keys. They sold items at school productions, Christmas fairs, concerts and the Henley Christmas Festival.

Managing Director Romilly Hayward said: ?We have had such fun and learnt so much. You can only pick up so much from classes and books and it?s not until you actually start running a business that you begin to understand what?s really involved. We?ve made well over £1,000 so far from items that would otherwise have been thrown away.?

RetroCycle will be donating all its profits to Great Ormond Street Hospital, where several of the girls were treated as babies. The overall winner of the competition will be announced next month.

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