Dragons’ Apprentice Challenge: Everything you need to know

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As we prepare to launch the 2015/16 Dragons’ Apprentice Challenge, we round up the main aspects you need to know about.

The Dragons’ Apprentice Challenge is back and bigger than ever, and with it comes the opportunity for young people to embark on an incredible entrepreneurial journey.

For the fifth year running, the North Herts and Stevenage Dragons’ Apprentice Challenge is open to local schools, charities/community groups and businesses.

What is the Dragons’ Apprentice Challenge?

The Dragons’ Apprentice Challenge works by recruiting teams of lower sixth form students from local schools who are then matched with a mentor (Dragon) from a local business in their task to turn £100 into £1,000 for a local community group or charity through a business venture. Each team is also required to produce a business plan and final report.

How is the Challenge facilitated?

The Challenge runs across local hubs in Hertfordshire. North Herts CVS facilitates the North Herts and Stevenage Challenge. The Project Coordinator will be your main point of contact for information and resources. An essential toolkit will be provided so you will be made aware of the Challenge timeline and what is required.

How long does the Challenge last for?

The Challenge runs annually from September up until March. At a launch event in September all participants will have a chance to meet, network and will be assigned a team. At a celebration event in March, shortlisted teams will be asked to present their ideas to a panel of Super Dragons and a number of awards will be presented.

Who is eligible to take part?

There is a selection process involved. The North Herts and Stevenage Challenge is open to year 12 students from local schools and colleges. Businesses of all sizes can participate from sole trader to global corporation. Charity and community groups can take part but must be members of North Herts CVS.

What are the benefits of taking part?

The Challenge provides a great boost to the local community. For students it is an opportunity to develop entrepreneurial skills, network with future employers, volunteer for a cause they care about and gain experience for their CV. Business people are able to demonstrate their CSR credentials in a tangible way, enhance the reputation of their company and provide mentoring opportunities for young people. Charities are given the opportunity to raise their profile and gain funding to support their core aims.

Is there a cost involved?

Each team is given a £100 seed capital. £50 is provided by the charity/community group and £50 from the business. The seed capital is then counted towards the final amount of money raised.

How do you sign up?

You will need to register your interest by contacting the Project Coordinator – Email info@nhcvs.org.uk or call 01462 689400. You will then be given an application form to complete which will be reviewed during the selection process. You will then be notified if your application has been successful. More information can be found on the North Herts CVS website.