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School bids to win national tycoon title
NUNTHORPE Academy has made it to the finals of the Tycoon in Schools enterprise competition organised by Dragons' Den star and serial entrepreneur Peter Jones.
A four strong team of students at Nunthorpe has been selected to receive funding to set up and run a business, which they have called Kulprit Clothing.
The business, made up of Year 11 students, Sam Baker, Connor Callaghan, Jack Norman and Zak Perera, impressed Peter Jones with their idea of a new clothing brand, making t-shirt designs to order.
Chris O'Neil, Director of Business Studies at Nunthorpe Academy, said: "The Tycoon in Schools competition is a fantastic opportunity for our students as it will stand them in good stead whether they decide to pursue an academic route or take their first step on the career ladder after leaving Nunthorpe."
Nunthorpe held its own internal competition involving three teams with Kulprit chosen as the ones to enter the competition.
Trading has kicked off in more than 50 schools across the country as teams compete in Peter Jones' nationwide enterprise challenge to inspire Britain's young people to start their own business.
The teams that have been selected will compete against each other to make as much profit from their original seed capital as possible during a four week period.
At the end of November students will repay their original loan and remaining profits can be reinvested into their business, or donated to charitable causes.
The winning Tycoon Businesses will be announced next month.
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