2016 North Event: 2nd/Final Year Competition

Brexit may cause a Techxit: Rise to the challenge, what is your plan for survival?

Techxit challenge

On 23rd June 2016, Britain voted for Brexit through a UK wide referendum. The formal process of “British Exit” from the European Union (EU) has not been invoked by the Prime Minister yet, but post- Brexit, the pound immediately collapsed to a 31 year low, financial institutions have hinted to move jobs or headquarters from UK and Britain looks set for an economic slowdown.

The UK’s tech sector, in particular, was in favour of remaining in the EU for two main reasons; despite free movement and access to EU talent there remained a huge tech skills shortage and the largest investor in UK start-ups comes from the European Investment Fund.

Tech is the fastest growing sector accounting for 10% of UK GDP, leading to hope that areas such as Fintech will drive growth and enable London’s Tech City to thrive through these turbulent times. The uncertainty around EU contracts and individuals, reduction in funding and slow economic growth forces us to demonstrate innovation.

Competition Question: Create a tech start-up in the UK, why should global firms invest in you?

Present your tech start-up, what do you do and why is it important in this economy? How is it the right business for UK at present?
Present your new tech idea with business justification to a panel of employer judges.

The Task

You are creating a new company, your idea should clearly solve a problem or improve an aspect of business across any sector to bring benefit in the post Brexit world.

  1. Explain your tech start-up, how is it unique?
  2. Who is your target audience? How does it solve a problem and/or add value?
  3. Marketing/Promotion: how will you grow your product/service?
  4. Think about your business model along with cost, risks/limitations and why a company should invest in your start-up?
  5. What is the current competition?

Your team will present in front of a panel of judges on 17th November 2016 at Kings House Conference Centre, Manchester. Employers will select winner based on the overall idea, innovation, business considerations, presentation and team work.

Competition Rules

  • One team per university per year group*. Maximum 8 members per team.
  • Create a slide show presentation to pitch your idea.
  • You will have access to a laptop and internet in the room- please bring your presentation on a USB stick and bring it with you to the competition room.
  • If you are creating an online presentation or any online media, please ensure you have back-ups that you can show offline, in case of any internet problems or occurrences.
  • You will have a maximum of 7 minutes to present your idea. This will be followed by a 3 minute Q&A session led by the judges.
  • As you arrive on the day, please register your team with the Tech Partnership welcome team and ensure you make a note of your allotted presentation slot. Please ensure you wait outside the competition zone 10 minutes before your start time.

***Please register your team by Friday 4th November. Email degrees@thetechpartnership.com stating your university, year group and team members. You do not need to submit your competition before the event***

*If a year group has 45+ students, universities can add another team. Contact the university course director for more information or email degrees@thetechpartnership.com