Download - The Vital Few…
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The Vital Few…
An RSA initiative to support young entrepreneurs
A pathfinder project focussed on
Selected schools in the South-East
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Who’s Driving it Forward?
• The Royal Society of the Arts, Commerce & Manufactures
• Steering Group based in the South-East
• Supported by the RSA’s 27,000 Fellows
• Together with key entrepreneurial organisations
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The Vital Few - Steering Group
• Small Key team aided & abetted by local organisations & academies
• We are educational leadership, urban innovation and financial experts with a sprinkling of serial entrepreneurs
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Project Drivers
• Help reduce historically high levels youth unemployment
• Provide long-term support, not short term fixes• Mobilise and use RSA skills base and local
enterprises, directing them towards needy young entrepreneurs
• Specifically enabling those with great ideas, but limited social and familial support
• Create new enterprises for the 21st Century and act as catalysts for enhanced economic recovery
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Our timeline so far…
Aug Sep-12 Oct-12 Nov-12Apr-12 May-12 J un-12 J ul-12Dec-11 J an-12 Feb-12 Mar-12
Derek
Wright
unveils
concept
@RSA
Launch in
time for
new
school
year
Liason
with RSA
local &
National
initiatives
Concept
developed at
monthly
meetings
Jan-April
Steering
Group
formed
The Vital Few Timeline
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What’s missing in schemes for young entrepreneurs?
• Universities/Business Schools usually only help their own alumni
• Govt. support aimed at long-term unemployed• Existing programmes (e.g. Prince’s Trust, Young
Enterprise) only provide a few months help• Private investment/funding aimed at school
leavers & those already in work• Focus on entrepreneurship skills & knowledge
transfer• An effective forum for engaging with local
business and allowing disparate groups to converse with entrepreneurs willing to share their experiences
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Project Objectives
• Create, motivate & support a ‘rising tide’ of enterprise in schools
• Add value to real businesses with an actual ‘Profit & Loss’
• Support future wealth creators and potential employers; the next generation of Branson’s & Sugar’s
• Create new stand-alone businesses in the local community
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What’s on offer?A Wisdom Group
which will provide:• 1:1 mentoring• Skills Bank• Project Support• Access to local business
owners• Shared knowledge &
expertise• National & Global reach
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How will this be accessed
An Information
Vortex which will deliver access to:
• School’s Drop days• Interactive Enterprise
Pods• Pop-up events• A knowledge-led learning
platform
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Our Strategy & Next Steps• Target potential
entrepreneurs 14 -18 yrs group
• Pilot with Schools & Academies existing platforms to deliver benefits of Wisdom Group and Vortex
• Proof of Concept – roll out in SE, then nationally with RSA support
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But not forgetting most importantly…..
• Encouraging and developing temporary and permanent venues in the South-East and later nationally, where those disenfranchised from the schools system can also access the full range of resources on offer
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Remember!• We CAN make a difference• We CAN stop the waste of young people and
their talents• We CAN create new entrepreneurs, new
enterprises, new employers, new jobs and so provide hope for the future………
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Contact
Derek Wright 01424 870035
Mark Hadley 07851 849813