Inspiring future business leaders in County Durham.
This exciting and fun competition aims to build enthusiasm in young people and introduce them to the basics of starting and running a business. School teams are supported by a business partner from a local firm who work with the team throughout the competition, lending their experience and expertise and guiding them in their first business venture.
Get involved with Future Business Magnates
Future Business Magnates is launched each year in the Autumn term. Each school selects a team from Year 8 who are given a brief to start a business inspired by the theme of the competition. The theme changes each year and reflects the aspects and elements of the current business environment.
FBM Freshers - a Year 7 enterprise experience
Business Durham is eager to expand the experience of young people and we believe that it is never too early to immerse yourself in the business of business. FBM Freshers is designed to introduce year 7 students to Future Business Magnates and get them ready for the main competition. The half day workshop is open to all secondary schools in County Durham and provides a whole year group to find out about how innovative ideas can be turned into successful businesses.
For more information or to register your school to take part visit www.futurebusinessmagnates.co.uk
Useful Information
Net Zero
Innovation
Other useful pages
Get In Touch
Business Durham is the business support service for Durham County Council, helping to deliver more and better jobs and a strong competitive economy.
Contact our friendly team for help with your business.
Meet the team
For more information or to register your school to take part visit www.futurebusinessmagnates.co.uk
Gary Chaplin
Enterprise Development Manager
Eve Wilkinson
Finance and Monitoring Officer
Hilary Currie
Business Services Manager
The journey to being a young entrepreneur
Each team develops its business idea and participates in a series of six challenges which include everything from team building, product design, marketing and finance. Ultimately pitching their business to a panel of industry experts at the close of the competition before the Awards Dinner where the winners are announced.
Each team develops its business idea and participates in a series of six challenges which include everything from team building, product design, marketing and finance. Ultimately pitching their business to a panel of industry experts at the close of the competition before the Awards Dinner where the winners are announced.
A glittering awards ceremony
Themes have challenged students to develop a new product for the home which would be manufactured in County Durham, work towards producing a product or service which would help in ‘Connecting County Durham’. More recently teams have been encouraged to ‘Build a Business to Protect the Planet’ harnessing their imagination and creativity to come up with an idea that has a positive impact on the environment.
Following this year’s theme of ‘What a Wonderful World – Can you Make it Better?’, participants will come up with a product which will solve a real problem people are facing today. Teams have been asked to use technology that is either currently available, or yet to be developed and come up with an idea that will help solve the problem and which can be turned into an innovative new business.
If you want your business or school to get involved in inspiring the next generation of business leaders contact us now.