Junior Achievement Company of the Year Competition 2017
It was all go at the Palace Hotel on Wednesday 8th March, as six teams went against groups from all of the Island’s Sixth Forms, and also teams from the University College Isle of Man, in this year’s Company of The Year Competition (COYC), organised by Junior Achievement Isle of Man.
Junior Achievement is a worldwide charity, providing skills for the Island’s young people in financial literacy, entrepreneurship and the business world. Their mission statement is; ‘To inspire and prepare young people to succeed in a global economy.’ Throughout the year, the staff at JA IOM, ably supported by volunteer mentors from our business community, deliver all kinds of programmes to students of all ages in both primary and secondary schools. Their flagship programme is the Company of the Year Competition, in which groups of Year 12 students form companies and attempt to create products or services in order to gain experience of how the business world functions. They even have a Dragons’ Den event at the mid-point of the competition, although the dragons were, gratefully, not too fiery this year!
This year, we had six very able teams get as far as the final competition. The competition is judged on four areas. Each company initially submits a report on the workings of the company. On the day of the competition, three more areas are judged. The team delivers a presentation to a judging panel, which is also scored. Points are also gained by the team’s responses to questions as part of a trade stand interview. Finally, the team attends a gruelling panel interview, from which points are also gained. The results will not be issued until next week’s Awards Dinner, which will take place at the Villa Marina.
Here’s a summary of our teams and their products:
Lares Technology – Lares is made up of three male students, all technology enthusiasts, who have designed a smart mirror. You can check your hair, and Facebook, all at the same time!
Wave Crest – Wave Crest is a group of five students who have made a range of hand decorated tea light holders for various events throughout the year, all with the additional bonus of an LED candle.
Team Echo – Echo have produced a professionally printed study and revision booklet, full of techniques and strategies to help guide students’ revision for their exams.
Ineffable – Ineffable is an exclusively female group of budding entrepreneurs who have designed the Half Kup. This is an ingenious device to simplify your cinema snacking. The team have designed and commissioned a prototype for a soft drink cup, with a dish at the top to hold your snacks, through which comes a straw.
Generic – All males in this company, and they have produced a nifty bag of IPhone 6 or 7 accessories, including a stickable phone case, cable tidies and a lightening charger, all for the bargain price of £10.
Omniscient – This team have produced a special mug. You can write on the side whether you prefer tea or coffee, how strong you would like it to be, and whether you want sugar. You then add your name, using the marker pen included, and the person making the drinks in the office will get yours right!
Good luck to all of our teams. Even if we don’t have a winner, the students all gained invaluable skills and got the opportunity to meet and work with members of the business community.
Have a look at this short video of the competition.