Student entrepreneurs took part in Cambridge VentureCamp in November.
Group of students from four Finnish universities of applied sciences got a chance to develop their business ideas on Cambridge VentureCamp this November. This two-week entrepreneurship camp started in Pyhtää, Finland and in the end of November students continue their journey to Cambridge, UK for the final week of the camp.
Cambridge VentureCamp started in 2007 as collaboration between Laurea University of Applied Sciences and the University of Cambridge. This time there were 41 students from Laurea, HAMK, LAMK and KyAMK taking part in the camp.
Unique opportunity for students
During the first week of the camp students worked on their ideas and developed their business plan. The students were provided with support and guidance by entrepreneurship experts and mentors from e.g. Cambridge and Aalto University.
In Cambridge business ideas will take a step towards becoming reality when students get to meet some Europe’s top mentors, serial entrepreneurs and business angels. In the end of the week six most promising student teams enter the dragon´s den to present their business ideas to investors.
Eight Laurea students take part in Cambridge VentureCamp this time. One of them is third-year hospitality management student Aarni Virtanen from Leppävaara campus whose business idea is to start a new kind of fast-food concept. Aarni was very happy about the camp after the first week.
- Especially my skills in pitching have improved during the camp. That will be very useful when we got to Cambridge, Aarni explains.
- I am very excited about going to Cambridge. I can´t wait until I get to present my idea to mentors and business angels and find out what they think of my idea.
Entrepreneur and affiliate with Aalto Ventures Program in Finland Fabian Sepulveda was one of the mentors on the camp in Pyhtää. Sepulveda had taken notice of student´s progress during the first week especially in their ability to present and articulate their business ideas.
- A camp like this inspires and motivates students about entrepreneurship, Fabian Sepulveda told.
- It also provides students tools to develop their business ideas further as well as teaches them how to communicate their ideas and make ideas attractive to investors.
Starting point for many start-ups
- Cambridge VentureCamp has been an important factor in Laurea´s efforts to promote student entrepreneurship, explains Antti Vettenranta, director for Innovation and Entrepreneurial Services in Laurea.
- The students who have taken part in the camps during the years have turned out to be very active start-up founders. They have also succeeded very well in various business idea competitions.
Since 2007 there have been over 150 start-ups founded by Laurea students.