24th April 2006

 

STUDENT ENTREPRENEURS STEP INTO DRAGONS’ DEN

 

Enterprising students at the University of Lincoln are hoping to make the perfect pitch to a panel of judges who are offering to invest up to £40,000 in the best new business ideas.

 

The students are taking part in a ‘Dragons’ Den’ style competition organised by the university’s Lincoln Business School and Sunfish (UK) Ltd in which Lincolnshire businesses invest real money in a new business venture.

 

Following a rigorous selection process the best five business proposals have been chosen and the students involved will pitch their ideas to the panel of potential investors on Thursday 27th April.

 

Each group will have 15 minutes to pitch their idea after which the judges will have an opportunity to ask questions before making their decision.

 

The panel of potential investors will be made up of David Chambers, Lindum Construction; Andy Tomlinson, Langleys Solicitors; David Steele (a former managing director now retired); and Henry Ruddock from J Ruddock Ltd.

 

As well as bringing £10k to the table with a view to buying an equity stake in a business that takes their interest, each panellist will give direct advice and mentoring to the winning students.

 

The five short-listed proposals include plans for a Japanese-style capsule hotel at Stansted Airport and a website offering specialised advice on car makes and models from problem-shooting to advice on buying and selling.

 

The names of the business and students are Edaq, Ged Lightfoot; RTA Training, Matthew Stevenson and Jonathon London; Capsule Hotel, Kevin Wrigley, Christian Woerner and Ximena Tobar; KBS, Philip Haynes, Tanya Spratt and Andrew Mead and Click Enterprise, David McGonville and Nafece Khan.

 

The students will present their ideas to the panel on Thursday 27th April between 9.30am and 12.30pm after which the judges will announce the successful candidates.

 

For more information contact:

Kate Strawson Press Officer

(01522) 886244 kstrawson@lincoln.ac.uk

Visit our news web pages: www.lincoln.ac.uk/news/latestnews.htm