Renal Services awards the Grand Challenge prize at Imperial College Business School28th June, 2019
21 June 2019
On this year’s Entrepreneurial Journey (EJ) module at Imperial College Business School in London, students across our Full-Time MBA, Executive MBA and Weekend MBA developed a live entrepreneurial project to simulate launching a startup and build entrepreneurial skills.
This team-based startup project sees students taking an idea for a new product or service, developing a value proposition, carrying out customer discovery research, validating the product or service, and creating a plan for how to realise the business proposition.
The whole project takes place over six months, which allows students to really explore their idea in-depth. Specialist workshops in lean innovation, as well as expert startup and pitching coaching sessions, helps students develop their concept.
At the end of the EJ, the teams pitch their proposition to a panel of investors with the winning teams from the Full-Time MBA and Executive/Weekend MBA awarded a £5,000 prize respectively, as well as the new Grand Challenge prize of £3,000, established thanks to the support of Renal Services (UK) Limited and alumnus Stefano Ciampolini.
Stefano earned his MBA at Imperial College Business School in 1994. Today he is a successful healthcare entrepreneur and the CEO of Renal Services, a UK leading dialysis services company.
Stefano was inspired by his Imperial MBA experience and connection to the Business School in the creation of the new prize:
It is exactly 25 years since I participated in the business plan competition at Imperial College Business School as an MBA student. My team was the winner and we went on to compete with the top ten European business schools at INSEAD and received a special award as best technology venture. It was an incredibly exciting and rewarding experience which encouraged me to become an entrepreneur.
For over 10 years I have been mentoring and coaching students at Imperial College to share my experience and enthusiasm for entrepreneurship. By establishing an annual Grand Challenge prize, I wish to encourage the next generation of students at the Business School to let their entrepreneurial spirit loose and present value by creating impactful solutions to current challenges.
The Business School thanks Renal Services (UK) Limited and Stefano for supporting this new prize.