The second annual Natwest Business Banking employability prize competition took place last month which was an authentic piece of assessment linked to our third year module Entrepreneurship & Small Business (3M4Y). Short listed student groups presented their innovative business plans to a business audience of the Natwest Business Advising Team. The business plans included a boutique restaurant, an insurance broker start up, a furniture import company, a Tea House, a cutting edge in-ear headphone designer and a student furnishing service.
The judging panel were impressed with the students’ presentations and Louisa Wells, Senior Lending Manager for Norfolk, Suffolk and Essex commented “The student presentations were of a very high standard and it was very difficult to select a winner”. The winning team was “Madera Furniture Company” which planned to supply Cocobolo wood furniture. Madera’s business plan was robust and also had a triple bottom line business model comprising: a like for like tree planting scheme on harvested wood, a commercial agreement with the wood furniture manufacturers and a donation of their profits to make a social impact to improve the education for the children of the community which manufactured the furniture.
The winning team, “Madera”, received £250. They are pictured below with their Business Sponsors
Left to right: Louise Wells (Natwest), Todd Cartwright, Jo Black, Faisal Kahn, Tom Jordan and Adrian Gray (Natwest)
The second placed team “White Monkey Tea House” received £150 and are pictured below.
The 3rd placed team “Vita Dine” received £50. and are pictured below.
All of the six competing teams also received certificates from UEA which also included the Natwest Business Banking logo. Faisal Khan a member of Madera, the winning team, commented, “The Natwest Employability prize was a very enjoyable and rewarding experience, it has provided me with a tangible piece of evidence that I can show to my future employers to iterate my employability skills!”