Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

The new generation of entrepreneurs: students breathe new life into Europe’s entrepreneurship

04.07.2007
What do “Money Tree”, “YBO”, “E-wear” and “SKY5” have in common? These are the names of firms or products produced by students (aged 18+) running a mini-company as part of their higher education, under the mentoring of their professors and business volunteers.

These graduate companies trade with real products and real money and operate in real business life. The student companies behind these products competed in the JA-YE Europe Graduate Programme Competition hosted by JA-YE Norway in Oslo, 26-29 June, 2007.

“If young people are able to see the multitude of opportunities that are available to them, they will re-invent the future and be able to contribute actively in promoting sustainable development. This is a necessity if we want to create a world that we’ll be proud to hand over to our children. And this is ultimately innovation’s main contributions to society,” said HRH Crown Prince Haakon of Norway in his opening speech.

Prizes were awarded for outstanding achievement. The high-level panel of judges assessed each student company on innovation, originality and presentation of products and services. “Money Tree” from Netherlands was named as the Best Company with the best business plan, market analysis and innovative product.

“There is no Money Tree in my garden. Everybody has heard this expression, but nobody does actually have a money tree in the garden. That is the reason why we are going to give people the chance to plant their own “Money Tree”. We want to achieve this by producing a coin from which a plant can grow. The golden coin can be planted directly into the ground. When it comes in contact with water it will gradually dissolve, after which your own money tree will start to grow. After a few weeks you will have your own Money Tree growing in your backyard”, said Maikel van Heugten, the president of the company.

The second prize went to Belgium, to YBO, which created ”Snatch”, a small plastic loop that can be attached to the user’s clothing by two little magnets. The loop can be used to carry sunglasses and other things, diminishing the risk of fracture or damaging. The team also won the NORDEA Award for Best Investment Proposal.

The third prize was awarded to “E-WEAR” from Romania, which created a stylish vinyl cover with an underneath adhesive surface to both protect and individualize laptops.

The FERD Award for Most International Potential went to “SKY5” from Switzerland for their innovative proposal to increase the advertising potential of sports events in particular by projecting various advertisements simultaneously and globally via an airship.

There are 20000 students in the JA-YE Graduate Programme for Entrepreneurship in Europe this year and statistics show that more than 29% of these graduates will go on to succeed as fully-fledged entrepreneurs which is equivalent to approximately 6,000 enterprises.

Diana Filip | alfa
Further information:
http://www.ja-ye.org

More articles from Business and Finance:

nachricht Corporate coworking as a driver of innovation
22.11.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

nachricht Mathematical confirmation: Rewiring financial networks reduces systemic risk
22.06.2017 | International Institute for Applied Systems Analysis (IIASA)

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Scientists decipher key principle behind reaction of metalloenzymes

So-called pre-distorted states accelerate photochemical reactions too

What enables electrons to be transferred swiftly, for example during photosynthesis? An interdisciplinary team of researchers has worked out the details of how...

Im Focus: The first precise measurement of a single molecule's effective charge

For the first time, scientists have precisely measured the effective electrical charge of a single molecule in solution. This fundamental insight of an SNSF Professor could also pave the way for future medical diagnostics.

Electrical charge is one of the key properties that allows molecules to interact. Life itself depends on this phenomenon: many biological processes involve...

Im Focus: Paradigm shift in Paris: Encouraging an holistic view of laser machining

At the JEC World Composite Show in Paris in March 2018, the Fraunhofer Institute for Laser Technology ILT will be focusing on the latest trends and innovations in laser machining of composites. Among other things, researchers at the booth shared with the Aachen Center for Integrative Lightweight Production (AZL) will demonstrate how lasers can be used for joining, structuring, cutting and drilling composite materials.

No other industry has attracted as much public attention to composite materials as the automotive industry, which along with the aerospace industry is a driver...

Im Focus: Room-temperature multiferroic thin films and their properties

Scientists at Tokyo Institute of Technology (Tokyo Tech) and Tohoku University have developed high-quality GFO epitaxial films and systematically investigated their ferroelectric and ferromagnetic properties. They also demonstrated the room-temperature magnetocapacitance effects of these GFO thin films.

Multiferroic materials show magnetically driven ferroelectricity. They are attracting increasing attention because of their fascinating properties such as...

Im Focus: A thermometer for the oceans

Measurement of noble gases in Antarctic ice cores

The oceans are the largest global heat reservoir. As a result of man-made global warming, the temperature in the global climate system increases; around 90% of...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

10th International Symposium: “Advanced Battery Power – Kraftwerk Batterie” Münster, 10-11 April 2018

08.01.2018 | Event News

See, understand and experience the work of the future

11.12.2017 | Event News

Innovative strategies to tackle parasitic worms

08.12.2017 | Event News

 
Latest News

White graphene makes ceramics multifunctional

16.01.2018 | Materials Sciences

Breaking bad metals with neutrons

16.01.2018 | Materials Sciences

ISFH-CalTeC is “designated test centre” for the confirmation of solar cell world records

16.01.2018 | Power and Electrical Engineering

VideoLinks
B2B-VideoLinks
More VideoLinks >>>