This is the second year that the challenge has taken place and the 11 to 15 year olds will have ten weeks to develop their entrepreneurship skills under the guidance of one business mentor and one teacher mentor per team.

The challenge is supported by corporate partners Barclays, EY, JT and Ogier and yesterday’s launch event gave the 65 participating students a chance to hear a series of talks about different aspects of running their own business, and to take part in a number of exercises.

The 20 teams will spend ten weeks developing their businesses before facing a final Dragon’s Den style panel, where they will have to impress the judges with their abilities to run a profitable business and/or benefit the local community.

An awards ceremony will then take place in mid-May where the winners of the challenge will be announced.

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