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Fostering future entrepreneurs

Tue 14th June 2016

Every year the Science Park teams up with the University of Southampton to give students the opportunity to get involved in the Catalyst Challenge,  a day long event that brings the most enterprising students from the University to the Park to learn how to develop a real-life business model.

The 24 participating students were split into teams and given just three hours to work on a real business brief before pitching the ideas to a panel of expert judges including Science Park CEO, Peter Birkett; SETsquared Director, David Bream; React MD, Layla Stacey and COO at the University of Southampton, Ian Dunn.

This year’s briefs were provided by Catalyst companies Dynamon and Xim who challenged the student teams to put together a Business Model Canvas detailing the start-ups’ value propositions, financial model and routes to market.

One of the delegates commented: “The Catalyst Challenge was a unique opportunity to practise teamwork, pitching and to network with some great entrepreneurs.”

Peter Birkett, CEO of the Science Park, commented: “The Catalyst Challenge is an important annual event for us and for the University. Getting students out of the classroom and into a real entrepreneurial environment to work on a genuine business problem enables them to start putting their learning into practice. I hope that the students participating this year were inspired by the experience and by the opportunities that entrepreneurship could bring them in the future.”