For the next three years, Mishcon de Reya will sponsor an award in the Tenner Challenge - a nationwide competition to find the next generation of budding entrepreneurs. This initiative, launched by leading enterprise and financial education charity Young Enterprise, is a competition for people aged 11-19 who want to understand what it’s like to be an entrepreneur. The young people are challenged to think of a new business idea and make it happen, using £10 to take calculated risks in the business field and make as much money as they can in one month.
Each year, Young Enterprise work with over 250,000 young people aged 4-25, supported by a network of 5,000 volunteers and 3,500 businesses who believe that encouraging enterprise and entrepreneurialism in young people is essential to the future of the UK.
In 2015, reflecting its commitment to entrepreneurs, Mishcon de Reya launched The Leap 100: 100 of the UK's most exciting companies as identified by the firm in partnership with City AM, The Supper Club and The Entrepreneurs Network. Through The Leap 100, the Firm provides a network of support to companies experiencing explosive growth. It also hosts a radio programme called Jazz Shapers every Saturday morning which features interviews with entrepreneurs and businesspeople.
In support of the Tenner Challenge, Mishcon de Reya are hosting the winners' awards in Africa House on 4th May, where it will be awarding its own 'Leap Potential' award.
Director of External Affairs at Mishcon de Reya, Lisa Tremble, commented: "The great thing about the Tenner Challenge is that it encourages innovation through a very straightforward concept. Creative thinking and innovation is at the heart of our core values, so we are very proud to sponsor an award in this initiative. We look forward to seeing what the young entrepreneurs have achieve."
Michael Mercicea, CEO at Young Enterprise, added: "The Tenner Challenge is backed by the British Growth Fund and inspires almost 25,000 young people each year to take part. It has seen teams raise up to £5,000 and is proving to be a great way to encourage young people to get excited about business. We're very pleased to have the support of Mishcon de Reya over the next three years."