The winning app, TakeMeOut, aims to help users find out about small or new restaurants in town and their best offers tailored taste and current location.
Students and alumni were invited to attend the event to network and see the most creative and innovative business concepts of their friends and peers. Attendees also had the opportunity to judge the contestants’ ideas and vote to help the organisers decide who should win up to £2,000 for their startup. Competition was fierce as the business concept with most votes was fast-tracked to the NACUE Varsity Pitch Competition 2016 semi-final, with an opportunity to pitch for £10,000.
Registration was free and open to students across all faculties of the University of Westminster who had a business idea and sought financial support to get their enterprise off the ground. Alumni who graduated within the last three years could also register.
Prior to the event contestants were given a workshop by NACUE representatives to boost their confidence and to understand what the essential skills are to maximise the impact of their pitch.
Diana Florescu said: “I have had the chance to attend international conferences and tech events all around the world where I got familiarised with the Boost Stand concept. I must say that the Big Ideas Competition exceeded my expectations and both Holly and Johnny [from NACUE] delivered a brilliant contest.
“The Big Ideas Competition was different from other pitching competitions encouraging all the candidates to showcase their work, decorate their stand and pitch to anyone who was interested in knowing more about their idea.”
Business Management - Entrepreneurship BA Honours student Dennis Lucan and his team were runners-up with social enterprise Mush+. The business was also a finalist in the Mayor of London's Low Carbon Entrepreneur competition and of the Hult Prize.
Dennis Lucan said: "Such a welcoming atmosphere and inspiring environment! It was a pleasure to meet so many dedicated students and share thoughts regarding current issues and possible solutions. Our Social Enterprise (MUSH+) welcomes, on this occasion, the first equity contribution towards our mission: maximising the potential of coffee grounds through the creation of sustainable micro-environments for growing mushrooms whilst reducing carbon emissions."
Final year Business Management (Finance) BA Honours students Tom Meehan, Tom Simkins, Pete Tratalos and Zak Rebihi were also amongst the runners-up. Together they run Minibarra, an enterprise app that simplifies minibar management for hotels.
NACUE has been working in partnership with the University of Westminster to support the development of enterprise and entrepreneurship initiatives, showcasing emerging talent and supporting the development of outward facing entrepreneurial leaders through collaborative events and skill development opportunities.
Westminster Business School attracts students and academics from over 150 countries to its central London campus. We are excited to launch our Entrepreneurship BA Honours in September 2016, which will offer exciting opportunities to students who are interested in running a business or creating an entrepreneurial organisation.