THE race to find the next generation of entrepreneurs is under way
This year’s Future Business Magnates competition (FBM), run by Durham County Council, is the biggest yet with 24 teams of Year 8 pupils from secondary schools all over the county, taking part.
Each team is matched to a local business, which acts as mentor for the year.
Seaham School of Technology is partnered with MetroMail, while Easington Community Science College is with Oldfields restaurants.
Cabinet member for regeneration and economic development, Councillor Neil Foster, said: “The FBM contest is one of the best things about my role.
“The ambition, determination and commitment of the youngsters competing for top honours never ceases to amaze me.
“Once again the teams, together with the businesses supporting them, promise to deliver an innovative and exciting array of developments and gruelling challenges.”
Each team has eight budding young entrepreneurs who will spend the current academic year taking on a range of six challenges which will take them head-to-head with the other 23 groups competing.
The winning team will receive £2,000 for the school and £50 for each team member.
There will also be awards for most creative business idea, best brand name, best marketing slogan, best use of technology, and best financial plan,