The Results of the 11th Dragon’s Den Final 2018
The Durham University Business School Dragon's Den final 2018 took place on Tuesday 1 May 2018. Dr Karen Langdon and Professor Ian Stone commenced the event followed by each of the judges introducing themselves. The judges in the final were Professor Susan Hart, Kevin Houston, Steve Jackson and Gillian McLeod.
Gillian McLeod, Business Development Consultant said:
“I was in the unique position of being a previous participant and winner of the Durham University Dragons Den 2014. It was an honour to be invited to return as a finalist judge for 2018. The standard of this year’s finalist were exceptional, and I felt privileged at being able to offer advice on their entrepreneurial journey! Everyone who participates in this competition is a winner. The support, development and mentoring they receive assists them in becoming successful in the long term. Personally, it helped me advance through my own entrepreneurial journey, of which, many of my mentors have now become long term friends.”
There were six presentations on the day with five individuals and one team. Each finalist delivered a six minute presentation followed by a window of opportunity for the judges to ask questions, as well as the audience if there was time. The judges then gathered in an area separate to the event to discuss the business ventures and announced their decision on the day.
Professor Susan Hart said: “As one of the judges in the final, I am pleased to say that the quality from finalists was not only excellent, but reflective of the increasing importance of data and digitisiation, with a focus on social as well as economic well-being. Competition was very hard fought, with a high standard of ideas, execution and presentation.”
The winners of Dragon’s Den 2018 are:
Smart Prépa, Eliott Mogenet: £600 awarded
Eliot is a third year undergraduate student studying Sciences Po Aix en Provence and Corporate Finance at Durham University Business School. His business launched two months ago and is focused on preparing school students for state exams.
Band Blend, George Cowley: £400 awarded
George is a final year undergraduate anthropologist who has been running trials for his music teaching business Band Blend during the holidays of the last two academic years. He has been teaching music for 10 years and hopes to revolutionise the accessibility of music for children ages 11- 17.
George said: "Durham Dragons Den not only taught me how to streamline a pitch to engage an audience with my business idea but it also helped me to see the scope of my business's potential. Above all else, this endowed me with confidence for the business's future on my own."
Lukman Hakim: Ian Stone Award for Innovation 2018
Lukman is a postgraduate student on the MSc Islamic Finance programme with 13 years of experience in corporate banking in Indonesia. Lukman's business idea is about changing waste into money which is by turning coconut and candlenut shell into briquette as alternative renewable energy.
Lukman said: “I am very grateful with the result. The most important thing for me is putting the best effort and keep improving. The award will be helpful to convince our potential investor and customers, but the more important is that it gives us confident to move forward, put the idea into reality.”
Other Finalists in the competition included:
Blitzed, Michelle Tanuwidjaja
Michelle is a Business and management studies UG of John Snow College. Blitzed is a digital, mobile-only application that allows users to manage their spending on a night out. Users use Blitzed to visualize and control their spending in a simple, intuitive way. Currently in its incubation process, Blitzed is seeking financial and mentoring support to develop its first prototype.
Share ID, Ebi Junaidi, Danu Aziz and Randi Swandaru
Danu is currently pursuing a Masters degree in Islamic Finance. He has a Bachelor's degree in Accounting and had an exchange student experience at Nagoya University in 2008. He commenced his career at Capital Market Supervisory Agency in 2010 and now he has been working at Indonesia Financial Services Authority since 2013.
Ebi is a Lecturer at Universitas Indonesia and he is currently pursuing his PhD in Islamic Finance at Durham University Business School. He has a Masters degree in Financial Management from Melbourne University. He is now the Chairman for Indonesia Islamic Economics Society-United Kingdom Representative.
Randi is a Management and Information System & Reporting Manager at BAZNAS, The largest official almsgiving institution in Indonesia. His degrees are from IPB Indonesia, Durham University Business School as well as Ohio State University as an exchange student.
TravelMore – the Smart Travel Bottle, Linh Chi
Linh Chi is a full-time MBA student at Durham Business School in Ustinov College
Thank you to everyone who participated in and help facilitate this year’s Dragon’s Den competition, and congratulations to all our winners and finalists!