The competition provides an opportunity for students in all our university schools to develop their ideas into a real business proposition. It involves the use of a Sustainable Business Model Canvas – a tool that is used extensively by academics and practitioners to help entrepreneurs clearly articulate their business aspirations and to develop and refine their business models for start-up, innovation and growth. It is a welcome alternative to the traditional business plan as it allows easy visualisation, flexibility in development and helps identify how the different elements of a business relate to one another.
Briefings at the beginning of February by skilled enterprise educators will provide further information about the competition and the use of the Canvas. Regular bookable drop in sessions with academic colleagues and our Entrepreneurs in Residence will provide further opportunities for participants to test out and hone their ideas in preparation for submission of their propositions using the Business Canvas accompanied by a short video.
No matter how outlandish or practical your idea may be - use the competition to test it out - you never know where it might lead.