Stenbock House – Prime Minister Andrus Ansip met with the representatives of our best student companies, including Glove, a company that sells friend gloves, which received first prize in Estonia and second prize in Europe last year. The Prime Minister was presented with friend gloves as well.
“Do not be afraid of large scales,” said the Prime Minister to young entrepreneurs. “Try to make people happy, and you will earn your first million dollars,” said Ansip. The Prime Minister thanked the entrepreneurial youth for promoting business. At the same time, the head of the government thought it regrettable if young people just get money without having to work for it. “It is not good if a young person thinks that money comes from a machine – you just need a card and a few numbers,” said the Prime Minister.
Epp Vodja, Director of Junior Achievement Eesti, said that a country that values the entrepreneurship of the young is a good country.
Today, sixteen of the best student companies in Estonia were invited to Stenbock House from Tallinn, Toila, Pärnu, Luunja, Kohila, Nõo, Parksepa and Saku. The best student company this year is Matheco (Luunja High School), which produces mathematical dominos. The student company LovePop, which was awarded second place, produces condom-lollipops; the company Information and Memories, which was established by the students of the German Gymnasium and sells original notebooks, was awarded third place. Among other products, the student companies sell, for example, pillows made from wheat grains, jewellery made from coins, hand-designed underwear, hygiene bags, notebooks from reusable material, souvenirs from dry-washed wool, and tableware from vinyl records.
Student Company is an entrepreneurship study programme of the JA-YEE (Junior Achievement – Young Enterprise Europe). A student company differs from a real company in that it is a part of the study process and mainly aimed at acquiring skills and establishing positive attitudes towards entrepreneurship instead of profit. In Estonia, the first student companies were established in 1992, and since 1994, Estonian student companies have participated in the European contests for student companies. The student company programme attempts to develop the innovative thinking of students as well.