The following current undergraduate students from one of the SETsquared Universities have been selected for the Best Student Start-up category.
AmpiSolutions (University of Surrey)
Major damage to the arms and legs of people around the UK and the world happens every day. From farmers, to butchers, to mechanics and soldiers, the risk of an amputated or crushed limb is ever present and ever occurring.
AmpiSolutions Ltd is a new and innovative company researching and developing ways of improving pre-hospital emergency care in the UK and worldwide. Our product, the AmpiWrap, is specifically designed to treat damaged limbs and will aid in saving limbs and lives. Ampiwrap provides improved haemorrhage control, limb support and secondary infection in a unique ‘all-in-one’ product, helping to standardise the treatment of injured limbs. It is the first of its kind for addressing all three clinical demands, and there are no similar products currently available from competitors.
Ampiwrap is presently undergoing development and a patent has been applied for to protect the intellectual property rights. Investment or further funding is being sought. So far AmpiSolutions has received funding of £5000 for prototyping, via a university funded scheme, and also from the Manufacturing Advisory service.
Routes to market are currently being explored, including licensing and partnerships, also self production/distribution. Potential customers include armed forces, NHS, Aid organisations and retailers.
Vintage Teas (University of Bristol)
Founded and incorporated in June 2012, Thomas Henry Ventures Ltd. is an import company currently working with a Sri Lankan tea manufacturer. We buy and import the product to the UK, we organise the warehousing and distribution of the product, and we sell into retailers and the hospitality industry.
Although we’re entering a competitive and notoriously saturated industry, we believe our combination of unique flavours, innovative concepts, stand-out packaging, competitive prices and great tasting tea products will allow us to establish ourselves as a brand of quality.
Having exhibited at IFE13 in March, the UK’s premier food and drink trade show, we have been approached by a leading supermarket chain, the world’s largest online retailer and other interested parties. The reception we received from the general public was also very encouraging and added to this, our products have been selling well with our existing customers. In February we won the SETSquared Pitching Competition at Deloitte, further testament to the feasibility and potential of our business model.
Going forward, we’re looking to launch in supermarkets in the next year, increase our current customer base and gain a national online presence. We have the potential; it’s now a question of realising it.
Young Ones (University of Exeter)
Young Ones was started in response to the “onesie” craze which took off in 2010. The leading brands were charging enormous prices for their products and there was an opportunity in the market for a new, similar quality but lower priced entrant.
Originally sourced using the Ali Baba website, Young Ones worked with international suppliers to develop products which were initially aimed at University Ski clubs. Offering custom colours, logos and printing Young Ones has been able to grow across over 20 Universities in the UK supplying onsies in a range of colours and sizes to groups and individuals. We now employ commission based brand reps on campuses
We have also been successful in making sales in US Universities and aim to expand further this year
The core of the Young Ones business model is the ability to quickly spot trending fashions and source high quality but lower priced alternatives.
We are currently working on a range of summer products which follow this model and the aim is to establish a disruptive brand which is attracts sufficient followers to allow us to begin to lead trends.
To date we have turned over approximately £120K with profit of £50K.