IoD £10 Challenge
The IoD is delighted to announce the success of this year’s IoD £10 Challenge, taking place at both Nottingham Trent University and London South Bank University, with a total of £12,580.52 being raised for charity.
We were amazed by the enthusiasm and dedication shown by the students across both universities, and we are delighted to be involved in raising money for housing charity Centrepoint and the Jon van Geest Cancer Research Centre.
The challenge sees participating students being split into teams of 3-6, with each group assigned an IoD member as a 'business mentor'. The aim of the challenge is to make as much profit as possible from an initial £10 seed capital, and the students are given 10 days to use and develop their entrepreneurial skills and innovative ideas to do so. The mentor’s role is to provide the students with support and guidance, and the process gives the students an opportunity to gain first-hand experience in the world of business, while building on a range of skills and knowledge.
A massive congratulations to all those who took part in the challenge this year! With over 250 students taking part alongside 60 mentors who provided the students with support and guidance, the challenge this year has been an overwhelmingly great achievement.
All proceeds from London South Bank – a total of £5,893.69 - went to Centrepoint, a charitable organisation which provides housing and support for young people in London, and many other cities across the country. The money raised from Nottingham Trent University goes to the John van Geest Cancer Research Centre, a purpose-built research centre based on Nottingham Trent’s Clifton campus that aims to save lives by improving the diagnosis and treatment of various cancers, with a total of £6,686.83!
We would like to say a huge thank you to all of the students involved, to Nottingham Trent University and London South Bank University for championing the challenge, the IoD East Midlands regional branch for their help in organising it and to all of the mentors who dedicated their time, and did a fantastic job of guiding their teams.
If you are interested in learning more about IoD Student Membership or our IoD £10 Challenge, please contact Joe Fitzsimons, IoD Student Membership Manager on Joe.Fitzsimons@iod.com