Micro Tyco Videos
Micro-Tyco: Become an Entrepreneur to Fund an EntrepreneurMicro-Tyco is designed to liberate entrepreneurial thinking across our whole society. It is so effective that not only have top employers started using Micro-Tyco to recruit and develop talent but Micro-Tyco recently received the ‘Social Innovator Award’ from Babson College, Boston, the world’s top school for entrepreneurship.
Micro-Tyco’s goal is to ‘Democratise Opportunity’. Why is this so important? Because releasing talent in all our citizens is essential for our society and economy to thrive. How do we do this? By providing three key components: Inspiration, Knowledge and Networks.
Micro-Tyco is a month long competition that enables participants to practice and learn fundamental business principles in a safe, 'micro' environment. Teams from schools, universities or businesses have one month to turn £1 seed capital into as much money as possible. There is only one rule: transactions must be legal. Micro-Tyco unleashes participants' latent talents, fostering essential entrepreneurial thinking, resourcefulness and team work. Nearly 30,000 Micro-Tycos from Schools to Corporates have been inspired to learn the latest entrepreneurial thinking.
Participants receive world class business training from the Micro-Tyco Mentors (including Lord Digby Jones and Sir Tom Hunter) via video and interact with other teams via the exclusive Micro-Tyco social network. Micro-Tycos will have the chance to expand their network further at Future Talent Forums, Micro-Tyco Master Classes and the WildHearts GEL Summits.
All money created by the Micro-Tycos is invested by WildHearts in micro-loans for poor entrepreneurs in the developing world. Participants 'become an entrepreneur to fund an entrepreneur'. By associating business excellence with economic justice, Micro-Tyco inspires the Leaders Our World Deserves. The results speak for themselves; Micro-Tyco is already compulsory graduate training for multi-nationals such as Wood Group and RBS and is used by Deloitte as a talent identification strategy in UK universities.
Micro-Tyco inspires our companies to excel and our children to believe, creates compassionate global citizens and will inspire the leaders our world deserves.
Micro-Tyco is the product of over ten years experience in enterprise education and entrepreneurial success and is designed to invigorate our companies, challenge the dependency culture and stimulate self-reliance and enterprise. It is fast, fun and furious, forcing contestants to break out of their limited self perceptions and comfort zones. Micro-Tyco inspires the spirit of enterprise in its purest form and rewards participants with the knowledge that in business, if they can succeed at Micro-Tyco, they can succeed at anything.
How does it work? Micro-Tyco will run every February and November. Teams choose which month they want to participate in and ‘apply’ to WildHearts for ‘seed capital’; a micro-loan of £1. Once the clock starts they have one month to turn it into as much money as possible. At the end of the month the team with the most money wins. There is only one rule: transactions must be legal.
Who can enter? School, colleges, universities, clubs and companies can enter teams to Micro-Tyco. Each team must have no more than 5 members but each organisation can enter as many teams as they wish. Companies compete against companies, schools against schools and Universities and Colleges against each other, with one winner from each group.
The competition keeps you sharp, the deadline keeps the pressure on. Micro-Tyco does not care about your qualifications or where you are from. Its apparent simplicity is deceptive. The low value of the £1 loan entices you to get involved but then takes you on a journey where the challenge grows with the money. It is a seed that reveals your inner wealth and helps you discover talents you never knew you had. As the money grows, so will you.
The money created from Micro-Tyco will then be invested by WildHearts in micro-loans to help the world’s poorest people work their own way out of poverty with dignity and self respect. As a result participants will go from becoming dynamic wealth creators to global ethical investors. Micro-Tyco’s gift to you will be the knowledge that once you release your talents the whole world benefits.
Micro-Tyco next takes place in February 2016. Click here to register for February or for next November's challenge.