The Prince's Trust Million Makers competition
The Corporate Challenge: Six months, £1,500 seed funding, £10,000 target.
What is Million Makers?
Million Makers is an entrepreneurial fundraising challenge which sees teams of employees from companies across the UK competing to raise at least £10,000 or more over a period of six months. The competition is a learning and development tool proven to build essential business skills and motivate your employees. Collectively, teams are aiming to raise £1,000,000 to transform the lives of disadvantaged young people around the country.
The Prince’s Trust Million Makers competition is supported by Capita.
How does the competition work?
The competition involves a number of stages which are designed to support each team in their personal development and to achieve their fundraising target.
- Recruit: The Prince’s Trust works closely with your business to select a team of 8-12 employees to be part of the Million Makers team
- Launch: All teams in your region are invited to a high energy launch day to kick start the competition – a great opportunity to build strong team relationships and learn about the cause and the challenge
- Plan: Following the launch day, and with the support of their mentors and The Prince’s Trust, teams turn their ideas into a business plan
- Pitch: Teams are invited to pitch their business plan in a Dragons’ Den-style panel of senior business leaders. Presentation skills are put to the test in order to secure £1,500 seed funding from The Prince’s Trust
- Implement: Once the pitch is complete, the six months fundraising can begin. Teams must test their time management, project planning, communication and leadership skills by turning their plans into a reality
- Half Way There: Mid way through the six months, teams will be invited to celebrate their achievements so far at a Half Way Event. This aims to energise and rejuvenate teams
- Celebrate: At the end of the six months fundraising, regional finals are held across the country to announce the final totals raised by each team. The winner at each regional final is invited to the national final which takes place annually in March alongside the prestigious Celebrate Success awards
- CUT THE COST OF TRAINING
- DEVELOP EMPLOYEES' BUSINESS SKILLS
- RAISE THE PROFILE OF YOUR COMPANY
- ENGAGE, INSPIRE AND MOTIVATE YOUR STAFF
- ALIGN WITH YOUR WIDER CSR OBJECTIVES
- GAIN NEW SKILLS AND KNOWLEDGE
- BUILD CONFIDENCE
- NETWORK WITHIN AND OUTSIDE OF THE BUSINESS
- DISCOVER NEW TALENTS AND INTERESTS
- HAVE FUN
Andy Parker, Chief Executive, Capita
Million Makers success stories
EMC, Platinum Patron, are no stranger to the Million Makers competition. After first taking part in 2012 and raising £17,000 the teams have gone from strength to strength. The EMC team won the national competition in 2013 with £140,298 and 2014 with £160,000 through hosting a large range of activities. In both years they broke the record for the most amount of money a Million Makers team has raised in the competition.
Admiral has entered a team into the Million Makers competition for the past seven years, collectively raising a staggering £500,000. The Wales-based Admiral Group plc originally integrated the challenge into their talent development scheme to provide a great learning and development opportunity for their employees. Each year the teams have implemented new ideas. These have included selling wristbands which secured discounts in local businesses, sponsored walks and skydives, and asking customers if they would like to support The Prince’s Trust.
As part of DLA Piper’s ongoing support of The Prince’s Trust, a team of trainee lawyers took on the Million Makers challenge in 2014 to develop new skills and give back to their local community. The London-based team created a new event, Tough Lawyer, which got the legal industry involved and raised £35,000. Million Makers was offered as a development opportunity for new trainees at DLA Piper’s London office. With lots of internal support, the challenge was a great chance for participants to network and raise their profiles as well as be a key part of the office’s community involvement.
In 2013 Virgin Media got involved with Million Makers to empower the talent in their company to do something new. The team set up a mini sweet business, partnering with local businesses to mass produce and sell their products. They raised £23,350 and won the National Entrepreneurial Award. The 2014 team took the idea further by creating ‘retro sweets’ and raised £29,000.