Graduates’ start-up makes it to national Entrepreneurship Awards

AAEAAQAAAAAAAAkWAAAAJGNhYzA0ZmFiLWU1NDYtNGZjMy1iZmI1LTExZjk4YzUwNjdlOAA start-up company founded by two Portsmouth graduates, has made it to the regional semi-final of the Santander Universities Entrepreneurship Awards.

Drop Source acts as a platform that allows businesses to sell products in bulk, enabling small-medium sized businesses to group together in purchases and to take advantage of greater wholesale discounts.

Drop Source was founded by graduates Timothy Pearce, who graduated in 2012 from Product Design and Modern Materials, and Warwick Sale, who graduated in 2014 from Hospitality Management. It was named one of the ‘Startups to Watch’ at this year’s Enterprise Showcase in March, which was organised by the team from nest, the University’s startup incubator.

The University selected Drop Source for the post-revenue startup category. Applicants were asked to provide Santander with a two-minute video outlining the idea behind the businesses and how it came about and a completed business model canvas to provide an insight into the inner workings of their idea or business. After careful consideration, they were selected for the semi-final for the London and the South region.

Carley Hawkins, Enterprise Events Co-ordinator for nest, said: ‘We chose Drop Source as our entry as we believe the business has real potential. They will benefit from being able to reach a wider audience and gain further support for their startup.’

The Santander Universities Entrepreneurship Awards were launched by Santander in 2011. Since then, it has grown to be the UK’s largest student and graduate business pitching competition. This year the competition received more entries than ever before.

 

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