A team of Hoima-based Mandela secondary school students emerged the overall winner of the 2022 Stanbic National Schools business start-ups Championship. Their business start-up, dubbed Relish Meals Appetizer, which is a tasty and affordable appetizer packaged and tailored to improve meals at schools, was the most impressive innovation before the judges on July 15.
The annual championship features business innovations and start-ups by students and teachers.
For their success at the national finals held at Kampala Sheraton hotel, Mandela swept the top prizes that included a solar system, laptops and cash staked by the event sponsors, Stanbic bank.
They walked away with a solar system for the school, worth Shs 20 million, a laptop for each student valued at Shs 2 million and the headteacher got Shs 1.5 million.
According to organizing officials and judges, Mandela students exhibited good marketing strategy for their product and had well prepared financial records, which are critical for sustaining the business and its growth prospects.
Speaking at the function, Stanbic bank chief executive Ann Juuko re-affirmed the bank’s committed to supporting the championship and development of products from the innovations achieved. This was the seventh edition of the championship.
It featured four categories; the Startup Challenge, Bizgrow challenge, Teachgrow and Alumgrow.
In the Start-up Challenge, Mandela SS got 75 percent, beating Kiira College Butiki (Tiki Organic Juice) that scored 65.3 percent. Muni Girls School (Divine Touch Enterprise) came in the third position with 57.8 percent followed by Bishop Cipriano Kihangire (Crystal Clean Enterprises) in fourth place with 57.2 percent. The other competitors also received scholastic materials, smart phones and cash prizes.
Kibuli Secondary School (High Quality Urban Snacks) were winners of the BizGrow challenge, with a 73.2 percent score. They received growth capital worth Shs5million for NSC School Project among other prizes. Kyebambe Girl’s School (Organic Waste to Animal Feed) came second in this category with 73 percent score. Busoga High School (Bio-pesticide using organic wastes) and Mentor Secondary School (Digital education services) came in the third and fourth position respectively. These too received growth capital ranging between Shs1m – 2.5million in addition to other prizes.
For TeachGrow challenge, Simon Masembe, a teacher involved in goat meat and breeding business, won with 68.4 percent, beating three other competitors in this category.
He received growth capital worth Shs 5 million for NSC Business Project. The other participants received growth capital ranging from Shs1m to Shs 2.5m each.
For Alum Grow challenge, Marion Rosemary Ndyamanya (Jewellery manufacturing company) was ranked number one with 66.5 percent ahead of other competitors in this category. She received growth capital worth Shs 5million for NSC Business Project. The other competitors too received capital between Shs 1million and Shs 2.5 million each.