A New Cohort of Young Entrepreneurs

 

photoCohort 4 of The Company began in April of this year. This is our 4th group of young people taking part in the programme.

The Company is our self-employment programme for young people aged 18-25 in the London borough of Camden. Young people approach us with a business idea, and we provide a 12 week incubator course to support them in focusing their idea into a coherent and structured plan, and this runs from Tuesday – Thursday 11am until 4pm. We provide business workshops / office space / business mentoring / seed investment (at the end of the 12 weeks) / access to specialist subject experts & emotional and personal development support. At the end of the 12 weeks after securing investment, we continue with our support package for up to 3 years.

Cohort 4 has a range of different business ideas. We have a freelance boxing academy / corporate & team building workshops / a self-published book & freelance photography. Currently, the group is getting ready to approach the panel in the next couple of weeks, to apply for their seed investment to get started. They have worked hard over the last couple of months to understand and focus their ideas into structured and formulated business ideas.

Our programme works with some of the hardest to reach young people in the borough. As well as a self-employment programme, we are also supporting these young people to overcome obstacles that they may face in their personal lives. We provide ongoing emotional support in the form of Promise Work which means that young people are allocated a Promise Worker, who works through any presenting issues the young people may be facing in their personal lives.

We also aim to aid in their social and personal development, and help them to form positive peer relationships with one another. We go on a residential at the beginning of each Cohort with an organisation called Tall Ships. This residential takes place on a boat for 4 nights, and the voyage this year went in April. The trip encourages team building skills, where the group have to work together to sail the boat each day (with it being overseen by 3 skippers). This year the group performed extremely well, forming close relationships with one another and were each awarded a certificate for their skills in working together. One of the young people who took part said it was “one of the best things that I have ever done”.

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