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Big venture challenge – The winners 2014

WORKING KNOWLEDGE

“Education is too important to be left to teachers alone.”

Entrepreneurs:

I am passionate about young people achieving their potential in life and the workplace. Key skill 1: ability to spot and nurture talent and in turn surround myself with high quality motivated people. Key Skill 2: highly process driven to make Working Knowledge operate highly efficiently.

Elevator pitch:

National Social Enterprise and valued educational partner to colleges seeks investor to capitalise on their Ofsted-praised approach to preparing young people for the workplace. 2,800 businesses and 27,000 young people engaged to date with 30% of business offering employer opportunities as a result.

Commercial USP:

USP 1: National provider and therefore able to form relationships with CSR departments of large corporates. USP 2: Brilliant at engaging volunteer support. USP 3: Clear understanding of the post 16 education sector and the requirements of business.

Theory of Change:

Education is too important to be left to teachers alone: business has to be involved to help prepare future generations for the workplace.

Legal structure and date of incorporation:

Ltd Company. Trading in our current form since 2010.

Kind of investment sought:

Equity, Loan. All depends on the total package offered by a ‘would be’ investor.

Last 12 months turnover:

£450,000

Next 12 months forecast turnover:

£600,000

Investment amount required:

£200,000