Welcome to the Deloitte Micro-Tyco Student Challenge*** Applications to the Deloitte Micro-Tyco Student Challenge are now closed. Teams will be notified about whether they have been accepted on to the challenge or not by 12th January. ***
In 2012 Deloitte won the global Micro-Tyco challenge by turning £1 into an £52,435. Noticing the incredible effect taking part in Micro-Tyco had on their team - revealing hidden talents, liberating entrepreneurial behaviours and resourcefulness, inspiring the knowledge that business could be a force for good - Deloitte decided to expand their partnership with WildHearts. In October 2013 Deloitte launched the Deloitte Micro-Tyco Student Challenge into UK Universities as a vehicle for identifying the leaders of the future and recruiting the best talent into their business. With the top10 teams going on to win work experience at Deloitte, this is your chance to develop your entrepreneurial talents whilst transforming your career prospects.
Micro-Tyco: Become an Entrepreneur to Fund an Entrepreneur
Micro-Tyco's vision is nothing less than the ignition of the spirit of enterprise across our whole culture. It is an enterprise challenge that brings our whole society together, reconnects us to one another, to what really matters, and compels us to collectively raise the bar in what we believe is possible for ourselves and our culture. In three years Micro-Tyco has brought together over 17,000 participants from schools to corporates, challenging teams to grow £1 seed capital into as much money as possible in just four weeks. This initial investment of 1,900 £1 loans has generated more than £600,000 in return. From the team of ten year olds who transformed their £1 investment into more than £14,000, to the graduates who turned theirs into £75,500, Micro-Tycos’ unique combination of inspiration, world class business mentorship, positive peer pressure and ethics produces incredible results. This is why Deloitte want to take Micro-Tyco to university campuses to help find passionate entrepreneurial thinkers who will bring something different to the firm.
The Deloitte Micro-Tyco University Challenge launched in October 2013 in Universities across the UK. The challenge is designed to identify entrepreneurial success and stimulate self-reliance and enterprise. It is fast, fun and furious, forcing contestants to break out of their limited self-perceptions and comfort zones. Micro-Tyco inspires the spirit of enterprise in its purest form and rewards participants with the knowledge that in business, if they can succeed at Micro-Tyco, they can succeed at anything.
The top ten winning teams will have the opportunity to gain work experience at Deloitte over their Easter break, invitations to Micro-Tyco Master Classes and if interested, supported to apply to Deloitte roles, following successful involvement with the challenge. Meet Parvin, one of the winning team members from last year's challenge, who has since been offered a full-time graduate position at Deloitte.
How does it work? The Deloitte Micro-Tyco Student Challenge will run every February and each team will be provided with a Deloitte Coach to support them throughout the challenge. Teams apply to The Deloitte Micro-Tyco Student Challenge via the online registration form - the deadline for applications is 5pm on the 31st of December 2014. Teams will be informed of the success of their application week beginning 5th January 2015.
Once the teams have been selected they will be allocated a Deloitte business Coach who will support and guide the students through the challenge. The teams will be sent their ‘seed capital’; a micro-loan of £1. When February arrives the clock starts and they have one month to turn it into as much money as possible. There is only one rule: transactions must be legal.
During the challenge participants are encouraged to use their inner resources - creativity, imagination, experience, network - to grow their pound. Micro-Tyco inspires an intense entrepreneurial environment that unleashes participants latent talents and reveals skills they never knew they had, whilst at the same time fostering essential entrepreneurial thinking and team work. Participants receive world class business training from the Micro-Tyco Mentors (including Sir Tom Hunter and Lord Digby Jones) via video and will be able to interact with the other companies and schools taking part in the global Micro-Tyco Challenge via the exclusive Micro-Tyco social network.
The competition keeps you sharp; the deadline keeps the pressure on. Its apparent simplicity is deceptive. The low value of the £1 loan entices you to get involved but then takes you on a journey where the challenge grows with the money. It is a seed that reveals your inner wealth and helps you discover talents you never knew you had. As the money grows, so will you.
The money created from Micro-Tyco will then be invested by WildHearts in micro-loans to help the world’s poorest people work their own way out of poverty with dignity and self-respect. As a result participants will go from becoming dynamic wealth creators to global ethical investors. Micro-Tyco’s gift to you will be the knowledge that once you release your talents the whole world benefits.
Find out more, why Deloitte are getting involved and how to apply here. For questions regarding your eligibility for the challenge or for the Deloitte work experience prize, please contact Deloitte directly at firstname.lastname@example.org