Training Programme Launched for Young Entrepreneurs
Young entrepreneurs will have ‘on the job’ training with top businesspeople
Supported by the likes of Sir Nigel Rudd (Chairman of Invensys and BAA), former trade minister Lord Davies, and Oliver Pawle – Chairman at Korn/Ferry Whitehead Mann – the scheme will offer 25 young people the chance to learn the ropes of running a business and experience what it’s like to be the head honcho.
In what sounds like an off-air version of the BBC’s The Apprentice, candidates must be “highly motivated and business-minded” and should have the potential to create and run a new market-leading business. The successful few will work alongside their mentors, take part in training programmes, attend seminars and business school events, and learn about all aspects of running a business – from strategy and finance to PR and communications.
“Our aim is to give burgeoning entrepreneurs the ‘on the job’ training and contacts they need to get a head start in building their own businesses,” says Lord Davies, according to Real Business. “Often young people may have the incentive to start their own venture, but don’t have the knowledge or tools to realise it.”
Commenting on the programme, Sir Nigel Rudd said: “More new ventures tend to be started in a downturn than in a boom, and we want to ensure that aspiring business leaders are equipped with the skills and contacts they need to make such ventures successful.”
A number of private sponsors have signed up for the scheme, including Deloitte, Virgin and Land Securities, and candidates will have access to a scholarship of between ┬ú14,000 and ┬ú20,000 which will provide financial assistance during the full-time position, which lasts for 12 months.
The New Entrepreneurs Foundation will start in September 2011. To find out more and to apply for a place, visit the website at www.newentrepreneursfoundation.com.