Loughborough University Business Plan Competition
Winning the Loughborough University Business Plan Competition was the first time we fully realised the potential of RateMyPlacement as a viable business. We initially thought of RateMyPlacement as a resource for Loughborough students, but the more we developed the idea the more we came to understand the potential the site has to benefit students throughout the UK and beyond.
The Competition itself consisted of three main stages; submitting a 15 page Business Plan, a Dragons Den style pitch with a question and answer session, and finally a presentation to an audience of Loughborough University dignitaries.
L-R: Chris, Ben, Oliver, Ali
Winning the Business Plan Competition gave us real belief that we could create a resource of invaluable peer-to-peer information. The £1500 prize was also very useful in funding the developments to the site, as we were four poor students with no money and plenty of debt!
