News Year 7 Tenner Challenge 08.06.2023
As part of the G&LFutures Programme, Year 7s took part in the Tenner Challenge, generating ideas for products and/or services to pitch to their peers, their form tutors and parents. They received advice from economist and organisational psychologist Isar Bhattachargee before heading off to Spitalfields market which provided rich pickings to help hone and develop their ideas.
The two most convincing ideas from each form were chosen to receive an investment of £30 and go forward to the Tenner Challenge Market Day for the teams to sell their products and services to fellow students and parents. Isar also came along and was very impressed and his three take outs were:
1. The bonsai kisses are a super cool product – a lot of my green fingered friends would buy that! Great product which builds off real market appetite
2. The pairing of the hair wrap and lemonade was really good user centric design – upselling to their captive audience just like a cinema chain
3. It was great to see people revise pricing as they saw what demand was like – one table doubled their price and were still nearly sold out
Many congratulations to our Year 7 entrepreneurs who, as a year-group, from an initial investment of £300, made a profit of £1063.30 which will go to support the bursary programme.