(Information sent by the signatory company)
Madrid, December 13, 2022.- The twelfth edition of the Young Business Talents educational contest is underway and already has applicants applying to become better entrepreneurs. A total of 10,634 students, belonging to 389 educational centers throughout Spain, are fighting to achieve the title of ‘best virtual entrepreneur in the country’, in this national competition organized by ABANCA, ESIC, Herbalife Nutrition and Praxis MMT.
During the next four months, the more than 10,600 young people will have to demonstrate their business talent and management skills by having to run their own virtual company using an advanced business management simulator, a powerful tool in the world of training developed by Praxis MMT, which is transferred free of charge to educational centers and valued at more than 3,000 euros. Students will experience first-hand how day-to-day life is lived within a company, becoming authentic managers.
In this edition, the autonomous communities with the greatest participation are: Andalusia with 1,556 students, Catalonia with 1,456, Galicia with 1,375, the Community of Madrid with 1,055, and Castilla y León with 1,047 students. This year participation has increased by 1.3%, compared to the 10,423 students from 392 educational centers who enrolled last year. Regarding participation by gender, 51% are men and 49% are women.
“This unique gamification project in Spain allows thousands of young people to put into practice the theoretical knowledge acquired in the classroom in a playful way. They live a real experience of the economy in first person, so that they experiment and reflect without fear of being wrong, and that they can learn from their mistakes. This educational initiative helps them orient themselves for their academic and professional future, providing them with added value to their curriculum”, explains Mario Martínez, director of Young Business Talents.
Until the national final is held, which will take place next April in person in Madrid, the young people, students of 4th ESO, Baccalaureate and intermediate and higher grade training cycles, will participate online from the classrooms, and with the help of their teachers, to overcome different phases. The objective to achieve a place in the final will be that your dairy company becomes the most prosperous and with the maximum profits in the market.
To do this, they will have to make the best decisions in real time related to the management of the company and not go bankrupt, the same as the managers in real companies: define the business strategy, take into account the competition, changes in the market and different variables, as well as managing different areas such as marketing, finance, production or human resources.
The 75 best teams will reach the national final to dispute the title of ‘best virtual entrepreneur in Spain’. The winning teams will distribute more than 11,000 euros in prizes among students and teachers, as well as supporting diplomas. During the last edition, three Galician students from the IES San Tomé de Freixeiro in Pontevedra, won the victory after defeating more than 300 applicants from all over Spain.
For more information: www.youngbusinesstalents.com
About ABANCA ( www.abanca.com)
ABANCA is the leading financial entity in the northwest of Spain. It has 678 offices in 11 countries in Europe and America, more than 6,000 employees and a turnover of more than 110,000 million euros. Its differential proposal combines personal attention with the operation through digital and remote channels. ABANCA bases its activity on knowledge of customer needs and on a catalog of simple, innovative and transparent products and services. Specialization, internationalization and sustainability are other hallmarks of a financial institution that is among the most solvent in the sector in Spain. Since 2015, it has been carrying out an extensive financial education program that includes activities aimed at improving people’s financial knowledge, regardless of their age or the stage of life they are in. These initiatives reached more than 130,000 people last year and their collaboration with the Young Business Talents project falls within this framework.
About ESIC (www.esic.edu)
ESIC is a Higher Education institution founded in 1965 that specializes in training in Marketing, Management and Technology, fostering the capacity for innovation and entrepreneurship. Through its areas of activity -Undergraduate, Postgraduate, Corporate Education, Online Training, ESIC Vocational Training Center, Publishing and Languages-, it contributes to the training of people in knowledge, training them with skills and making them aware of values to respond to the current challenges of the business world at all levels. Its centers are located in Madrid, Barcelona, Valencia, Seville, Zaragoza, Malaga, Pamplona, Bilbao, Granada. In addition, it has strategic alliances on all continents.
About Herbalife Nutrition ( www.herbalife.es)
Herbalife Nutrition is a global company dedicated to changing people’s lives with quality nutritional products and a business opportunity for its independent distributors since 1980. The company offers high-quality, science-backed products that are sold in over 90 countries by independent distributors, who provide personalized training to inspire their customers to adopt a healthier and more active lifestyle. Through its global campaign to end hunger, Herbalife Nutrition is also committed to bringing nutrition and education to communities around the world.
About Praxis MMT (www.praxismmt.com)
Praxis MMT is one of the world’s leading companies in the development of simulators and advanced training methodologies. Praxis MMT develops third generation simulators that accurately emulate markets.
For more information and interview management:
europa press Communication – 91 359 26 00
LETICIA GOMEZ (600 90 56 48) – leticiagomez@europapress.es
SILVIA MULLOR (666 43 32 77) – silviamullor@europapress.es
