IoD £10 Business Challenge

Nottingham Trent University (NTU) and the Institute of Directors (IoD) are once again running the £10 Business Challenge, and we are looking for mentors to get involved.

We are looking for company owners, directors and managers with a minimum of five years' business experience to support a group of NTU students through the challenge, which raises money for the John van Geest Cancer Research Centre.

The challenge

Students are split into small teams, and each group is given £10. Using their entrepreneurial skills, the challenge for the teams is to grow the amount as much as possible. Each group works with a mentor who provides their advice and expertise.

As part of the scheme, the students are also given student membership to the IoD, which allows them to attend a range of educational and networking events, and also to access a variety of professional services.

Last year, students raised over £13,000.

Your role

As a mentor your role will be to:

  • network with your group and engage them with an initial planning session
  • set your group a deadline for submitting their ideas
  • provide feedback on your group's ideas
  • give encouragement throughout the challenge
  • connect with your group members on LinkedIn
  • encourage engagement throughout your group's IoD membership (which runs from October to October).

You can be involved with the students as little or as much as you want, but you will need to confirm that you have had some ongoing communication with your group. After the initial planning session, contact with the students can be face-to-face, over the phone, or via Skype.

Important dates

Mentors will need to be available on the following dates;

  • Thursday 26 October 2017, 5.30 pm – 7.30 pm: Launch event
  • Tuesday 28 November 2017, 5.45 pm – 8.15 pm: Celebration event

What are the benefits?

The scheme is a great fundraising opportunity for the John van Geest Cancer Reseach Centre, a unique purpose-built scientific facility in the East Midlands. Their aim is to save lives and speed recovery by improving the early diagnosis and treatment of cancer.

As well as helping to raise funds for this worthwhile cause, students benefit greatly from the experience of their mentors.

Benefits to you as a mentor include:

  • meeting our talented students – a useful recruitment tool
  • gaining new ideas and perspectives
  • networking with other mentors
  • developing your leadership and management qualities
  • increasing your confidence and motivation
  • enhancing your CV
  • the opportunity to reflect on your own practice
  • improving your own job satisfaction and personal satisfaction through supporting the development of others.

The event will kick off with a launch event in the autumn at the University's Newton building.

Get involved

To express your interest, please complete the IoD - Expression of interest form.

Or, if you have any questions, please get in touch with us by email or telephone us on +44 (0) 115 848 2023.

"Not only do you get to meet and inspire students, you get to raise money for a fantastic cause with 100% of every donation you make going directly to their research, staff and facilities."
Haydn Bowley, Designer, Developer and Entrepreneur


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