The Tycoon Enterprise Competition is a free national enterprise competition, which aims to encourage the UK’s budding entrepreneurs to get involved in business by giving them a start-up loan of between £50 and £1000 to run a business whilst at school or college.
Launched in 2012 by Peter Jones CBE and supported by the Department for Business, Innovation and Skills and referenced in Lord Young’s ‘Enterprise For All’ review, Tycoon in Schools was developed as a direct response to repeated calls for a national enterprise challenge in schools. The competition allows students to start and run a business whilst at school or college, thereby allowing them to gain valuable hands-on experience of what is involved with running a business.