Festera, a student company from Estonia, wins the JA Europe Company of the Year Competition 2017
July 14, 2017
Festera, a student company from Estonia, wins the JA Europe Company of the Year Competition 2017
Over 200 students gathered in Brussels to celebrate the top JA companies from across Europe. This year, 37 student-teams competed as part of JA Europe’s flagship JA Company Programme, which gives them the opportunity to set up and run a real business.
His Majesty the King of the Belgians, EU Commissioners Marianne Thyssen and Tibor Navracsics, Belgian Ministers Alexander De Croo and Willy Borsus, as well as foreign dignitaries and various business volunteers were among those who attended the stand exhibition of the student companies, all keen to show their support.
Participants of the European Entrepreneurship Education Summit also came to see the students in action, both events being held simultaneously in Brussels, seat of the European Institutions.
Estonia’s contestants Festera scooped the main award of the JA Europe Company of the Year Competition 2017. This award - presented before 700 people at the Gala Award Ceremony - honours the student company that demonstrates the best approach to communication, teamwork, problem-solving, objective-setting, personnel management, product development, customer focus, marketing and financial results.
Festera showcased an innovative business concept with a strong environmental angle that particularly impressed the jury. Their creation, the Festera biobox, is an indoor trash can that recycles organic waste. It can turn a household’s entire food waste output into humus in less than two months, thereby reducing a family’s ecological footprint by more than 5 percent.
"We’re thrilled to have won this European competition. We knew that we’d done our best, but there were so many good companies participating. What we learned from this experience is that you need to keep on going, even if nobody believes in your project. That’s how you succeed," shared Festera team members.
"They were overwhelming in all the criteria we assessed. If you look at their learning curve from the very beginning all the way to their future plans, it’s impressive. They’ve been so persistent, having had to overcome so many obstacles, difficulties finding partners and having their own faith tested, they continued to go for it. What they have done from a learning perspective is exemplary!" shared Chair Judge Nikolaas Tahon, Managing Partner at Deloitte Accountancy.
“This is where it is possible to truly see the R.O.I of entrepreneurship education. This is the “final exam” for competence, motivation and confidence. But it’s also where we see the impact of the learning environment on teachers, on mentors and on parents” said Caroline Jenner, CEO of JA Europe.
Last school year, the JA Company Programmecounted over 300 000 participating students across 40 countries in Europe. Through the process of learning to run a company from top to bottom, JA Company Programme students create and market real products and services. The success of the programme is largely down to the wide support from business volunteers, acting as mentors, offering expert advice to the students. Partnerships between education and business are essential to closing the gap between classroom theory and real-world challenges.
More photos here.
The Jury
- Nikolaas Tahon, Managing Partner at Deloitte Accountancy & Member of Executive Committee Belgium (Chair Judge)
- Marc Decorte, CEO of Belgian Shell
- Jožica Rejec, CEO of Domel, Slovenia, Board Chair of JA Slovenia
- Marie-Louise van Trier, Director of International Accounts Europe ManpowerGroup, The Netherlands
- Barak Pridor, Managing Partner at Saban Ventures, Tel Aviv, Israel
- Michal Nebeský, Citi Country Officer Czech Republic
- SineadNí Fhátharta, Enterprise and Employment Manager, Enterprise and Employment Division, Galway, Ireland
- Alex Dossche, Managing Director, Sage Belgium
- Irene Cervellera Micheli, Angel Investor for start-ups
- Charles Muller, Partner at KPMG, Luxembourg
JA Europe Company of the Year 2017 Awards
First place: FESTERA, Estonia
Second place: LOCKER ROOM TALK, Sweden
Third place: PROMOTOR, Israel
JA Europe Signature Awards
AT&T Excellence in IT Award recognises the student-company showing the best innovation-driven concept, strong business potential, sustainability, viability and scalability: Demenish, Denmark
Citi Client Focus Award recognises the student-company that excels at creating value for its clients by listening to them and putting themselves in their place so as better to anticipate and serve their needs: MEIRA, Iceland
Facebook Best Social Media Marketing Campaign Award recognises outstanding work across social media platforms, celebrating creativity, innovation and connecting people to your business: LOCKER ROOM TALK, Sweden
FedEx Access Award recognizes student-run businesses that best exhibit the principles of global connectivity: GROWGREEN, Cyprus
The ManpowerGroup "Ready for Work" Award recognizes those teams that have the best-built work readiness skills during the competition. This year, ManpowerGroup presented the award for the project with the most significant impact on developing learnability, a key component of work readiness: FLAIR, Malta
MetLife LifeChanger Award recognizes the student-company which best grasps the concepts of social impact, financial performance and innovation in their business strategy while remaining a realistic plan in today's marketplace: FLAIR, Malta
Local Signature Awards
The Euroclear Social Entrepreneurship Award aims to award the team best exemplifying the idea of a company that makes a profit while also contributing to the greater good of society: INIZIO, The Netherlands
Pulse Foundation Most Astonishing Idea Award aims to award the creativity of a student-company: VENTUREPAD, UK
The Alumni Leadership Award supported by AXA
The Alumni Leadership Award supported by AXA was presented to individuals demonstrating outstanding leadership skills impacting their team and the JA company. With this award, JA Alumni Europe wishes to recognise and honour the personal strength of the individuals in a successful team.
Winners:
• Irene Andreou, Cyprus
• Fanny Raulin, France
• Leonard Orth, Germany
• Chloe Irving, Isle of Man
• Greta Jarmalavičiute, Lithuania
• Sean Arnold, Luxembourg
• Edina Bako, Romania
• Jovana Malisic, Serbia
• Shanga Aziz, Sweden
• Jonah Lowenstein, United Kingdom