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A group of young entrepreneurs from Gibraltar will compete in the national final of the UK's Young Enterprise awards, which starts in London today.

Local company TwopointZero, which was set up by students from Bayside Comprehensive School, won a place in the final after succeeding in the local round and then beating off stiff competition in the northeast UK regional final.

The company develops and sells an innovative range of USB pen drives for the corporate and tourist markets, including a customised pen drive containing information about Gibraltar. GibDrive, a red and white memory stick in the shape of the Rock, is on sale at a number of shops around Gibraltar and is popular with tourists and locals alike.

Bayside student James Victor, the company's managing director, said revenue from sales in the last few months had reached almost £16,000.

"We've learnt a lot from the experience gained working in an actual business environment," James said.

"We're feeling very positive about the final."

The students will set up their stand later today at a trade show in the Savoy Hotel, where the final is being held.

Tomorrow they will present their company and products to a panel of judges comprised of senior executives from the British business community, before attending a gala dinner in the evening.

On Wednesday the results will be announced and the awards presented.

The students behind TwopointZero include Christopher Chung; Matthew Harris; Giovanni Origo; James Quigley; Dominic Porral; David Martinez; Tom Shaw; Matthew Hunter; Patrick Gill; and Dylan Soiza.

They will be accompanied by their link teachers Christopher Gomila and Analise Benitez, who support them at school, and the business advisor, Jose Camacho, who acts as mentor to the team.

For more information about TwopointZero visit http://www.twopointzero.gi/ and http://www.gibdrive.com

11-07-2011 | by Gibraltar Chronicle | Published: Gibraltar Chronicle