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24 February 2017

Young entrepreneurs scheme

'Your Big Idea’ is an event open to all young people in Lambeth who are interested in learning how to start a business.

As part of our work with Lambeth Council, we have pledged to help young people through our ‘Community Development Foundation’. Our young entrepreneurs scheme, now in its fourth year, gives young people in Lambeth the opportunity to try different aspects of running a business –  from advertising and design to social media and finance –  as well as discover programmes of support available to them.

Your Big Idea

We hold an annual event open to all Lambeth residents aged 17-27 with a business idea they’d like to explore. The event is run by Capita in collaboration with Lambeth Council and supported by The Prince’s Trust and Hatch-Incubator. Whether they make it through to pitch for start-up funding on the day or not, everyone who submits an application is welcome to the event.

On the day, attendees have the opportunity to connect with local people, including successful start-ups, who can provide invaluable advice and guidance; see how business mentors can provide them with help; win start-up funding of up to £500 to develop their idea; and explore how to start and run their own business.

It’s great to see so many young people from the borough here to learn and develop their business ideas. Lambeth is the most aspirational borough in London; and the young entrepreneurs I met today are an enormous part of that. The start-up funding and mentoring available today will make a huge difference – and I am sure we will be seeing more from our attendees in the future.

Cllr Jack Hopkins

Lambeth Council’s Cabinet Member for Jobs & Growth

Your Big Idea 2016

On Wednesday 24th February, we held our third Your Big Idea event and awarded sixteen young Lambeth entrepreneurs over £4,000 in start-up funding.

The event, held in Brixton East 1871, saw sixteen young Lambeth entrepreneurs turn up to pitch their business proposals to our panel in a ‘Dragons Den’ style. The experienced panel included representatives from the Council and a number of community partners we have engaged with. Amongst those judging were:

We put on a number of workshops throughout the day covering everything from branding to Sales and marketing. Participants pitched a range of exceptional business ideas, from slipper socks for indoor use, premium quality male grooming products for people of Afro-Caribbean descent, and a baby massage business. 

One of the successful entrepreneurs was Lauren Turner, aged 24, who was awarded £500. She will use the financial and mentoring support to develop her business idea, which aims to help start-ups utilise social media more effectively and create engaging online content.

We also decided to use our previous winners Ravi Chandarana for photography and Dixon Decordeva for catering - both have grown their businesses following their wins and we were happy to have them on board.

The Big Idea 2016 was a fantastic day filled with inspiring, passionate and knowledgeable guest speakers. It was a great opportunity to meet like-minded, local, young individuals who are on a similar business start-up journey. I gained confidence talking about my own business idea to them and the judges panel. I found a new sense of determination to take a leap of faith and start a business on my own. I highly recommend The Big Idea for all aspiring entrepreneurs!

Casey Downie-Campbell

Big Idea 2016 applicant

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