Ilford college rewards entrepreneurs in Dragon’s Den-style competition
PUBLISHED: 15:00 13 July 2018
An Ilford college welcomed successful entrepreneurs to judge a Dragon’s Den-style competition held for its students.
Mont Rose College, in Cranbrook Road, held their Angels Dream Big competition yesterday, July 12.
The competition saw students develop a business idea over a nine month period to encourage students to learn about starting a new business.
The students worked alongside mentors and a judging panel that comprised of entrepreneurs, business development experts and government officials from outside the college.
The mentors visited once a month to assist the students and give them advice and guidance on their proposals.
Around 50 students attended the first meeting however the final saw only seven students remaining.
Geoff Hill, chairman of Redbridge Chamber of Commerce said: “As time went on people realised whether their idea had potential.
“Some had difficulties in getting information on what they needed such as our import rules.”
Geoff was the “judge wrangler” of the competition and also worked alongside the contestants as a part-time mentor.
Geoff said: “There was amazing ideas.
“It’s quite outstanding when you realise how skilled and imaginative they are.”
The judging panel included Raj Kooper, Jim Tatchell and Dr. Hamed Bin Mohamed Khalifa Al Suwaidi.
The winner of the intense competition was Shari Chantal Lashawn Rogers who presented a business proposal for a fine dining Guyanese restaurant, Kaieteur Guyanese Cuisine.
Shari won a cash prize of £500 and a serviced office in the college to help start off her business venture.
Geoff added: “A consensus was reached.
“Everyone agreed that the most viable business that was most likely to succeed at that point was the winner.”
Most of the students that participated were still studying at the college and participated in the competition alongside completing their final year.
Throughout the nine month period students were asked to prepare business plans, financial statements and then prepare for the presentation they would give to the judging panel at the end of the competition.
“The presentation was definitely the most challenging part about the competition for the contestants,” added Geoff.
“It was a really enjoyable experience for everybody involved.”
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