THE next generation of regional business leaders are going head to head as they launch their first ventures.
The ninth Future Business Magnates competition gives teams of 12 and 13-year-olds from 24 schools across County Durham a chance to draw on the expertise of companies as they come up with a product to design and promote, in the hope of winning £2,000 for their school.
During eight months, they will complete six challenges in the competition, which is organised by Business Durham, the County Council’s business gateway.
As well as meeting their new business partners, who all give up their time to help and support the teams, the pupils were also given words of encouragement from councillor Pauline Charlton, Durham County Council’s chairman.
She said: “I was delighted to see the excitement and enthusiasm from the pupils at the launch for this year’s Future Business Magnate’s competition.
“This is probably the most important competition for young people in Durham.
“It creates the future leaders, managers and employees of the businesses that our economy thrives on. I would like to personally wish all of the young people taking part the best of luck in the competition.”
The competition is funded by the council, County Durham Economic Partnership and Europe Direct.
It also has support from Thorn Lighting, Bishop Auckland College, East Durham College, Durham University and the CORE Centre at South West Durham Training.