Over four weeks young people will use a £10 pledge to get their business ideas off the ground.
A highly interactive and fun programme introducing enterprise and financial education and enhancing key skills, including communication, creativity, problem solving, teamwork and confidence.
Four Week Challenge Plan
The four weeks of the Challenge are outlined below:
1 - Here's £10!
Teams research and decide on a product or service to invest their £10 in.
2 - Getting started
Teams need to source materials or products, prepare sales pitches, and plan selling events.
4 - Payback and keep the profits
At end of the Challenge students decide how to spend or donate their profit after repaying £10 pledge plus £1 legacy contribution to support the 10X bank.
Weekly Competitions
At the end of week 1 and week 3 students will have the opportunity to enter competitions.
Week 1 - Logo Design
We look for logos which create impact and communicate the product or service to customers.
Week 3 - Sales Pitch
Imagine students only have 60 seconds to sell their product or service, what would they say?
Entering a Competition
Competitions open for submissions once the challenge begins.
Full details of deadlines, file formats, upload instructions and judging criteria will be available once you register, in your teacher portal, on 'The Challenge' page.
National Competition
The National 10X Challenge Competition runs at the end of the four-week programme.
There are four different awards:
- Best Overall Team/Business
- Best in Sustainability
- 10X for Good
- Most Inspiring Individual
The judges will look for evidence of innovation, creativity and problem solving within all the awards alongside stories of teamwork and personal development.
Check out the 10X Challenge Showcase 2023 for inspiration
Find out more about 10X in our brochure.
Please check the Terms and Conditions for guidance on products and services which can be traded under Young Enterprise’s insurance. Organisations must ensure that they have the appropriate insurance in place for products and services not covered by YE’s insurance policy.
Looking for something that you and your young people can do before the Challenge starts?
Why not check out our 10X DIY and lesson plan resources. These resources provide an easy way for young people to take their first step into enterprise and financial education and prepare them for the 10X Challenge.