A former Louth Grammar School pupil is one of eight semi-finalists in Virgin Media Pioneers Pitch to Rich competition to find the UK’s best start ups. Stephen Terry, who runs TCK Engines Ltd, has invented a new crankess engine. Vote for him at www.virginmediapioneers.com. The finalists will get to pitch their business to Richard Branson.
Stephen’s crankess engine should cut all fuel bills in half and he has designed a LPG gas injection system which reduces total fuel consumption on diesel engines by as much as 20 per cent - with improved exhaust emissions!
Stephen will now face a public online vote to determine whether he will be one of the four finalists to pitch to Richard, SBTV founder and Virgin Media Pioneers success story Jamal Edwards, and others at a secret London location at the beginning of May.
Stephen said, “I am thrilled to be selected as one of the semi-finalists for the Virgin Media Pioneers, Pitch to Rich competition. This is an unbelievable opportunity to pitch to one of Britain’s most successful entrepreneurs and try the TCK Gas Injection System on a Virgin train! I would really appreciate the support of my local community to make my business ideas a reality.”
Sir Richard Branson, Pioneer-At-Large of Virgin Media Pioneers and founder of the Virgin Group, said: “Starting a business from very little capital is something I can relate to, but with a little backing early on and the right idea, anything is possible. I’m looking forward to meeting some of Britain’s best young entrepreneurs to hear their ideas and help make some of them a reality.”
After voting has closed on April 23 the final four will be invited to pitch to a panel of judges including Sir Richard Branson plus chief executives, managing directors and the media.
The finalists will have the opportunity to win a prize package worth £5,000, including cash investment and receiving expert legal, branding and marketing advice as well as mentoring for their business.
The runners up will also receive £1,000 worth of investment, as well as an opportunity to build their network and raise their profile to further their business prospects.
Last year’s winner was Dan Watson from London, who designed SafetyNet, a sustainable fishing system designed to help juvenile fish escape during the trawling process.