Jermaine, founder of Revision App, is in the process of developing an improved version of the app, due for launch in 2014. The app provides educational content such as flashcards and videos to help students prepare for their exams throughout their 15 years of schooling. This investment will help Revision App to break into other countries and create new courses for app customers, with the goal being to reach 3 million users by the end of next year.
Arthur Kay, 23, founder of bio-fuel company bio-bean, was awarded the prestigious Shell LiveWIRE Innovation Award – which holds a £5,000 cash prize. bio-bean recycles coffee grounds into bio-fuel, and Arthur will invest his prize money in a full scale technology trial for the process of pelletising waste coffee grounds into biomass pellets.
Jacob Hill, 21, founder of camping kit company Lazy Camper, was highly commended by the judges.
The Shell LiveWIRE programme aims to inspire and support thousands of young people in the UK to explore starting their own businesses. Each month four businesses are awarded £1,000 from the Shell LiveWIRE Grand Ideas Awards, helping them launch and grow their innovative businesses.
Eight of the top Grand Ideas Award winners are then selected for the chance to be named Young Entrepreneur of the Year. In addition to winning the coveted title, the national winner also receives a cash prize of £10,000 and two exclusive sessions with a Shell Business Development executive who will help with their business model and advise on strategy execution.
Jermaine beat off stiff competition from more than 700 companies working in industries from street food to biofuel innovation to be named this year’s national winner.
Jermaine impressed judges with his confidence and passion for his business, not only making him a great ambassador for the Shell LiveWIRE programme but also an outstanding entrepreneur that will prove an inspiration to others seeking to start businesses at an early age.
The winner, Jermaine, said: “Winning the highly coveted title of Shell LiveWIRE Young Entrepreneur of the Year is a great honour and demonstrates the panel’s belief in Revision App’s future growth and ability to help our student users reach their potential – customers typically see a 20% increase in their grades after using the app. The prize money and national recognition will mean we can continue improving the app and hope to help at least another two million on their way to learn.”
Since Shell LiveWIRE was launched in 1982, the programme has awarded over £5 million of funding to approximately 5,000 young entrepreneurs across the UK, continuing to inspire and support the next generation of young business people. There has never been a more important time to support young entrepreneurial talent.
According to a new report, 'Unlocking Ambitions, Creating Growth’, launched last night by Shell LiveWIRE and The Prince’s Youth Business International (YBI), the UK is losing out on economic competitiveness by not doing enough to encourage young people to act on ambitions to start and grow a business.
Compared with other countries, there is a significant, and potentially costly, gap between young people’s entrepreneurial potential and their actual entrepreneurial activity in the UK. One in five (18.2%) 18-34 year olds in the UK have the entrepreneurial skills to start a business, according to analysis of Global Entrepreneurship Monitor data. Yet only one in 27 (3.6%) go on to create a company that pays a wage and makes a profit.
Ed Daniels, Chairman, Shell UK added: “Shell LiveWIRE has supported thousands of entrepreneurs since its inception in 1982. But the fact we continue to see innovative and exciting businesses coming through the ranks each year goes to show the UK has no shortage of budding business talent. The important thing is to help those with ideas and ambitions to act on them.
“Young business minds like Jermaine are role models for all those potential entrepreneurs out there, who have a great idea for a business, but aren’t quite sure whether they should take the next step. He has shown it is possible to create a successful business if you have a good idea, work hard, and work with support networks like Shell LiveWIRE. I look forward to seeing what more Revision App can achieve.”
Previous Shell LiveWIRE winners include Innocent Drinks, Glasses Direct, Shiply, Shutl (which was recently acquired by eBay) and Pavegen.
Other finalists included:
- M-24 designs recycled ski, duffel and backpack bags from used lorry curtains and reclaimed seat belts.
- Skribbies are a brand of kids' footwear that children can customise every day from new through stickers and drawing.
- Pure Pet Food manufactures air dried dog food which preserves human quality ingredients without the harsh cooking processes involved in the production of commercial dry and wet foods
- Wesold offers a pay-per-view service as an alternative to paying extortionate High Street Estate Agents fees.
- The Lazy Camper is a complete camping kit in one bag with a range of tent sizes and options available that can be picked up onsite at festivals
- Fixflo is on an online picture-based repair reporting system for rental properties, getting the right information in the right level of detail to property managers without any technical knowledge required on the part of the tenant.