University of Leicester students take on ‘Rainmaker Challenge’ to turn a profit on £10 in just three weeks

Posted by er134 at Dec 18, 2014 03:25 PM |
Money raised will support social impact projects in Leicester and around the world

Issued by University of Leicester Press Office on 18 December 2014

Contact pressoffice@le.ac.uk to request images

University of Leicester students have teamed up to put their entrepreneurial skills to the test and make a difference to communities at home and abroad by turning a profit for a good cause.

11 student teams took on the ‘WISE Rainmaker Challenge’, each turning an initial investment of £10 into as much profit as possible within three weeks, with all the money raised going to student society Enactus Leicester to help them create a positive impact in communities around the world.

Creative money-spinning ideas included raffles with prizes donated from local business sponsors, video game tournaments, henna tattoos, bake sales and even a ‘student chef’ cooking lesson auction.

The teams used Twitter to check in with weekly totals and as every group successfully turned a profit, there were no ‘Apprentice’ style fry ups in the greasy spoon for the losing side.

The students raised a combined total of £1056.11 for Enactus and Team Apollo raised the highest profit of £457.50 and were rewarded with a cinema trip donated by Showcase Cinema for their hard work. Their winning technique involved approaching local businesses to secure donated prizes for a Christmas raffle, which included gym memberships, dining and other fun experiences.

Team Manager Osarenkhoe Uwuigbe attributed their success to a strong team spirit and creative idea. He said: “We were able to succeed because we were all united in our desire to win. Everyone put as much effort as possible into the task and the team got on and worked well with each other as we were all working towards something we believed was unique and achievable.”

The money raised will now be used to support social impact projects run by the Enactus society on campus. Enactus is an international non-profit organisation that brings together student, academic and business leaders who are committed to using the power of entrepreneurial action to improve the quality of life for those in need. At 1,600 university campuses around the world, student leaders create positive impact in their local communities and collaborate to work internationally on projects which transform lives and help students develop essential leadership skills, with the opportunity to showcase their work each year at the national competition and, if successful, take this to the world stage at the Enactus World Cup.

Enactus Leicester, who successfully made it to the semi-finals at the national competition last year, host a regular on-campus farmers market to support local traders and raise money for their community projects which include business workshops to help socially disadvantaged women in Leicester develop new skills and confidence, working with local primary schools in the city to help children understand how to live a healthy lifestyle and supporting communities in Ghana to recycle electronic waste safely.

The money raised through the WISE Rainmaker Challenge will allow Enactus Leicester to develop more projects like this and ensure that the next generation of business leaders make the most of these opportunities.

Enactus Leicester President, Elena Sokolova said "A big well done to all of the WISE Rainmaker teams for all their effort and success. We greatly value your involvement in entrepreneurial activities; these efforts can be used to make a positive impact on the lives of those in need through Enactus Leicester."

The WISE Rainmaker Challenge is part of the Leicester Award programme run by the Career Development Service, designed to increase student and graduate employability. In an ever increasingly competitive graduate job market, employers not only expect academic success but are also looking for experience, commercial awareness and a range of skills from the graduates they hire. Opportunities like Enactus and the Leicester Award allow students to develop these skills and put them to the test in real life situations which make a positive impact.

 

ENDS

Notes to Editors:

For further information contact: Pete Hitchings, Project Officer (WISE) PH162@le.ac.uk

WISE Project

The Working in Social Enterprise (WISE) programme is delivered by the Co-operative & Social Enterprise Development Agency (CASE) which operates in the City and County, the University of Leicester and Voluntary Action LeicesterShire (VAL).

WISE was established five years ago to provide support to new and existing social enterprise businesses and voluntary and community groups in Leicester. The programme also provides training and support to start a social enterprise business.  For further information please see the contact details below.

The WISE project is part financed by the Operational European Regional Development Fund Programme 2007 to 2013. The Department for Communities and Local Government is the managing authority for the European Regional Development Fund Programme, which is one of the funds established by the European Commission to help local areas stimulate their economic development by investing in projects which will support local businesses and create jobs. For more information visit: www.communities.gov.uk/erdf

 

ENACTUS

For further information on Enactus Leicester and their projects please contact Elena Sokolova: es216@student.le.ac.uk

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