A team of students from Warwick received an award in the second annual Ernst & Young Profitunity! Awards, announced last week (Tuesday 29 April).

At the start of the competition, each competing team was given £500, an Ernst & Young mentor and four months to identify, design and deliver a profitable business venture. Afterwards, the teams presented their ideas to a panel of business leaders. All profits from the new ventures went to The Prince’s Trust, to help hundreds of disadvantaged young people gain the confidence and skills to find jobs.

The team from Warwick was one of eight finalists invited to a celebratory dinner. Here, the team - Frontier - were announced as the winners of the Most Positive Impact on the Community award for devising a fun run which will now take place annually.

In total, the competition raised £68,000 for the Princes' Trust.

A Profitunity! sponsoring partner said:

"This year’s Profitunity! teams have produced truly innovative and excellent results, which will benefit the many young people that The Prince’s Trust aims to help each year. Not only have team members gained real and valuable insights into the planning, design and execution of a successful business venture, they have also developed and honed the skills often looked for by future employers. Many have also built excellent links with their wider communities – an increasingly attribute for any business.”