More than 50 Young Enterprise student companies on Wednesday pitched their products and competed for sales at Old Spitalfields Market in East London. The event, supported by Delta Air Lines, offered students a chance try to win prizes for Best Trade Stand, Best Sales Team, Most Innovative Product and Best Overall Company.Students aged 15-19 sold innovative products including pencils that once planted turn into flowers, chopping boards which expand to collect food waste and water bottles you can use to store items.
Michael Mercieca, Young Enterprise Chief Executive, said: “I’m very proud that over 50 student companies and 250 students will be selling their products to Spitalfields Market customers. This is one of over 100 trade fairs that we run across the UK and it’s the ultimate measure of students’ hard work, representing their creativity, resilience and business acumen. You don’t get this stuff from a text book and it’s invaluable real-life experience. I wish them all the best of luck.”All the students who pitched their products at Old Spitalfields Market are taking part in Young Enterprise’s flagship Company Programme. Company Programme empowers young people to set up and run a real business over an academic year. Young people make all the decisions about their business, from deciding on the company name and product, to creating a business plan, managing their finances and selling their products.
“As tomorrow’s business leaders, it is important to encourage students to be creative and gain experience of the demands placed on managers,” said Jeff Moomaw, Delta’s Managing Director – U.K. Alliance Development, who will be part of the trade fair judging panel. “I am looking forward to seeing the products and companies these young people have developed and hope they will be inspired to continue their entrepreneurial endeavours.”