Hogan Lovells Hosts Mosaic APAX Enterprise Challenge Grand Final 2013
21 March 2013
LONDON, 21 MARCH 2013 - Today Hogan Lovells London hosted the grand final of the Mosaic APAX Enterprise Challenge 2013.
Now in its fifth year, the Enterprise Challenge is run by Mosaic, a Business in the Community Initiative, founded by HRH The Prince of Wales. Mosaic, a Hogan Lovells' pro bono client, runs a number of mentoring programmes championed by Muslims and aims to raise the aspirations of young people from disadvantaged backgrounds by introducing them to positive role models and mentors.
This year more than 3,000 students from almost 80 schools have taken part in the challenge, which is a business-related competition designed to encourage enterprise skills amongst 11-16 year olds.
With guidance from experienced business mentors, including Hogan Lovells, the competition tests students' abilities to understand key business concepts and to present a unique business idea to a judging panel of experts, including Co-CEO of Hogan Lovells David Harris and former BBC The Apprentice star Elizabeth Locke. Grant Shapps, chairman of the Conservative Party and Minister Without Portfolio gave the keynote address.
The Grand Final saw teams from Beechwood School, Carr Manor Community, Handsworth Wood Girls' Academy, and Slough and Eton, battle with out against last year's winners Southfields Academy. With business ideas such as mobile phone apps and reversible ink printers, teams were vying for the top prize of £2,500 cash for their school, plus £500 funding to turn their idea into reality.
This year the winners are Slough and Eton School with an mobile phone app proposal, designed specifically to keep parents informed of what their child was up to at school. They will also receive a year of mentoring from Apax Private Equity Partners to help them get their business off the ground.
Co-CEO of Hogan Lovells David Harris said:
"Hogan Lovells is delighted to work with Mosaic on its quest to raise the aspirations of young people from disadvantaged backgrounds. This competition is all about equipping young people with the skills confidence and ambition to turn their ideas into reality while exposing them to role models from the world of business."