Deutsche Bank has a longstanding commitment to supporting innovation through creativity in young people and in particular budding entrepreneurs. “The way designers and entrepreneurs work is very different to the way kids are expected to behave at school,” says Catherine Ritman-Smith, Deputy Head of Learning at The Design Museum. “If very creative young people feel learning in the classroom has nothing to do with real life they can end up disillusioned and disengaged.” It is this disengagement with traditional learning that, without support, can mean that talented young people don’t fulfil their potential.
The importance of the entrepreneur to the UK economy, and to everyday life, is shown by the fact that small businesses provide 60% of private sector jobs and contribute 50% of UK GDP (BIS, November 2010). Meanwhile, the creative sector is one of the UK’s enduring competitive strengths. According to latest government data, it employs more than 1.5 million people and represents over 8% of GDP. Our programmes help young people to access these exciting and lucrative sectors.
Deutsche Bank supports enterprise and emerging entrepreneurs through investing in high impact programmes and initiatives including:
The Design Ventura programme with Deutsche Bank’s investment has enabled over 10,000 young people to experience the business of design through concept development to business proposition with the Design Museum. Find out more about this yea's winners.
The Young Entrepreneurs Programme which helps almost 2000 young people each year to develop their own mini-company whilst still at school, offering an exciting insight into business skills. The programme gives them real-life experience to draw on when making decisions about employment, further education or even setting up their own business.
Over 25 years of support for the East London Small Business Centre, which helps East End businesses that struggle to access finance through conventional high street sources, via two tailored loan funds. The Bank’s funding also enables tailored business advice for clothing businesses in the area.
The Deutsche Bank Awards for Creative Enterprises support graduating artists across a range of disciplines from architecture to fine art and fashion. The awards process encourages students to consider their plans after leaving education, and the award winners receive £10,000 and small business training and mentoring to put those plans into action, focusing on self-employment. The scheme has produced over 150 winners to date, many of whom now run successful creative enterprises.
The Student Enterprise & Employability (SEE) scheme supports the creative community at the University of the Arts London to create innovative projects and businesses. The SEED Fund provides up to £5000 in grants, alongside business and legal support to help our students, graduates and staff members develop their creative ideas into sustainable businesses or practices.
This week is Global Enterpreneurship Week please click here to find out more.
Jordi Ruiz Cirera, winner of the Deutsche Bank Award
in Photography, 2012
Education Group workshop. Education Group was set
up by Matt Smith, winner of the Deutsche Bank Award
in Music, 1997