Four entrepreneurial students win the bronze award in an international competition testing their business skills in an online simulation.
Students from the University of Kent travelled to London for the finals of The International Youth Innovation and Enterprise Skills Competition 2019. Teams from China and the UK competed in running a virtual company using the business simulation SimVenture Classic.
The competition was hosted at London South Bank University and run in partnership with the Chinese Government, NCEE (National Centre for Entrepreneurship in Education). The event was filmed by Central Chinese TV for an audience of over 7 million people.
The University of Kent was represented by two Kent Business School students, Andrea Salazar (BSc International Business) and Samuel Franco Soler (BA Accounting and Finance), as well as MSc Biotechnology and Bioengineering student, Stephanie Leon and Daniel Thomas (BSc Computer Science).
During the competition teams had to use the SimVenture software, running a virtual business selling computers, trying to increase the overall company value. Students then had to present an overview of their work to a panel of judges.
The competition finished with an award ceremony, held in the impressive surroundings of the Institute of Directors headquarters in Pall Mall, where team Kent won the Bronze award.
“The Sim Venture competition gives you an insight of a real life business environment. If you are an entrepreneur and you are looking forward to starting a business, by using this platform you are able to understand which challenges your business could face in the future.
In the competition, as a group, each of us had different skills so we interacted and cooperated efficiently with each other. Meeting the Chinese students was very nice because we became familiar with their way of doing business and their business philosophy.
We had a nice time at the competition, not just because of the learning experience but also because you meet people from other universities and is a great place to expand your network.” – Samuel Franco Soler, BA Accounting and Finance student.