0:00:02 > 0:00:04Imagine a year's worth of pocket money up for grabs
0:00:04 > 0:00:07just waiting for kids like you from across the UK
0:00:07 > 0:00:10to come up with a winning business pitch.
0:00:10 > 0:00:12THEY TALK OVER EACH OTHER
0:00:12 > 0:00:15Could you spot a gap in the market?
0:00:15 > 0:00:19Our business is Fizz Biz, which makes carbonated smoothies,
0:00:19 > 0:00:21milkshakes and juices.
0:00:21 > 0:00:24What's your big idea?
0:00:24 > 0:00:26Our business idea is...
0:00:26 > 0:00:28- Upcycling.- Boom!
0:00:28 > 0:00:32Or are you the next Branson, Sugar or Dyson?
0:00:32 > 0:00:36My business idea is to create films for special occasions.
0:00:37 > 0:00:41Now budding entrepreneurs are entering the Pocket Money Pitch-Off.
0:00:41 > 0:00:45All are hoping to secure that valuable pot of cash
0:00:45 > 0:00:48and the priceless help of a top industry guru
0:00:48 > 0:00:51to kick-start their business.
0:00:51 > 0:00:55They will have just one chance to call for help.
0:00:55 > 0:00:59And this is it - the Pause My Pitch button.
0:00:59 > 0:01:03One guru to impress, only one idea can come out on top.
0:01:04 > 0:01:07This is Pocket Money Pitch.
0:01:15 > 0:01:19Pocket Money Pitchers, it's time to go head-to-head.
0:01:20 > 0:01:22Present your pitch.
0:01:22 > 0:01:23- The pitcher...- I've chosen...
0:01:23 > 0:01:25Is...
0:01:34 > 0:01:37We have searched the whole of the UK to find
0:01:37 > 0:01:41the best young business talent.
0:01:42 > 0:01:45And now they're about to go head-to-head.
0:01:45 > 0:01:49We've got six young inventors competing to change our world.
0:01:49 > 0:01:53Computers, telephones, the light bulb and even the wheel -
0:01:53 > 0:01:55if you think about it, they're all products
0:01:55 > 0:01:56that have had to be invented.
0:01:56 > 0:01:59Only three will get the chance to pitch in the vault
0:01:59 > 0:02:03to today's guru Rob Law, who will decide which is worth backing
0:02:03 > 0:02:06with a year's worth of pocket money.
0:02:06 > 0:02:11Rob invented a ride-on suitcase, which made him a millionaire.
0:02:11 > 0:02:14Our pitchers can improve their chances of impressing Rob
0:02:14 > 0:02:17by winning over the business buddies.
0:02:17 > 0:02:19Each is an expert in their field,
0:02:19 > 0:02:23which means they'll scrutinise every idea to try and spot a winner.
0:02:23 > 0:02:27Well, those are our buddies, here are our pitchers.
0:02:29 > 0:02:31First up is ten-year-old inventor
0:02:31 > 0:02:33Aisha from Leicester.
0:02:33 > 0:02:36I think I'm going to be really good at this
0:02:36 > 0:02:38because I love a new challenge.
0:02:38 > 0:02:40Going head-to-head with Aisha is
0:02:40 > 0:02:4214-year-old Amelia from Edinburgh.
0:02:42 > 0:02:46I think that my idea is really good because I've done my research
0:02:46 > 0:02:49and no-one has made it.
0:02:52 > 0:02:55Both businesses are pitching to the buddies
0:02:55 > 0:02:59but only one idea can go through to the next stage.
0:02:59 > 0:03:02Bite and Write, you're up first. Take it away.
0:03:02 > 0:03:05Hello, my name's Aisha and I come from Leicester.
0:03:05 > 0:03:07My product is a Bite And Write pencil,
0:03:07 > 0:03:10which is a solution for all those pencil biters out there.
0:03:10 > 0:03:13The Bite And Write pencil is part-edible for people to chew on.
0:03:13 > 0:03:14Amazing, right?!
0:03:14 > 0:03:17It can also come in different flavoured and textured sweets
0:03:17 > 0:03:20with, of course, the healthy option of rice cakes,
0:03:20 > 0:03:21cereal bars or fruit sticks
0:03:21 > 0:03:24for all those worrying parents and teachers out there.
0:03:24 > 0:03:26So why bother?
0:03:26 > 0:03:29Many children chew their pencil because that helps them feel better
0:03:29 > 0:03:31or helps them calm down, or just because they enjoy
0:03:31 > 0:03:33the taste of pencil.
0:03:33 > 0:03:35Thank you very much for listening to me
0:03:35 > 0:03:38and I hope you enjoy the rest of your day.
0:03:39 > 0:03:42Aisha's invention has certainly given the buddies
0:03:42 > 0:03:43something to chew on
0:03:43 > 0:03:46but Amelia has a bright idea of her own.
0:03:48 > 0:03:50Have you ever gotten into your parents' car at night
0:03:50 > 0:03:53and can't find where to put your seatbelt?
0:03:53 > 0:03:55Well, worry no more.
0:03:55 > 0:03:59C-Klik is the easy way to belt up safely in any car.
0:03:59 > 0:04:02My idea is to produce a glow-in-the-dark
0:04:02 > 0:04:05neon-coloured sticker that will be easily fitted
0:04:05 > 0:04:07to the seatbelt plug point.
0:04:07 > 0:04:10The sticker will be inexpensive to buy,
0:04:10 > 0:04:12easily fitted and replaced
0:04:12 > 0:04:16and with funky neon colours, C-Klik will be a big hit.
0:04:16 > 0:04:19So C-Klik to infinity and beyond.
0:04:21 > 0:04:23Brilliant ideas there.
0:04:23 > 0:04:25Let's find out what the buddies think.
0:04:25 > 0:04:29First up, top chef Luke.
0:04:29 > 0:04:32Guys, great ideas but I'm going for Bite And Write.
0:04:32 > 0:04:34There you go, Bite And Write.
0:04:34 > 0:04:38Next up it's award-winning branding expert Bianca.
0:04:38 > 0:04:40I'm going to go with C-Klik.
0:04:40 > 0:04:42C-Klik. Oh, one vote each.
0:04:42 > 0:04:45Which will digital highflyer Ben choose?
0:04:45 > 0:04:48Massive well done, guys, but I'm going to go with C-Klik.
0:04:48 > 0:04:51C-Klik. So you have two votes now.
0:04:51 > 0:04:53But a vote for Aisha would make it even.
0:04:53 > 0:04:57Product designer Emily brought her invention to market.
0:04:57 > 0:04:58So who's she going to pick?
0:04:58 > 0:05:01Well, fantastic pitches, guys...
0:05:03 > 0:05:06..but I'm going to go for Amelia and C-Klik.
0:05:06 > 0:05:10It's a really simple idea, which is always the best.
0:05:10 > 0:05:14Emily casts the deciding vote, but who would Emma-Jayne have voted for?
0:05:14 > 0:05:17I'm going to go for Bite And Write.
0:05:17 > 0:05:21Oh, what a toughie! But Luke and Emma-Jayne loved Aisha's idea,
0:05:21 > 0:05:24so she leaves feeling positive.
0:05:24 > 0:05:26I know I did my best and it doesn't matter if I'm out
0:05:26 > 0:05:30because at least two people, buddies, agreed with me.
0:05:31 > 0:05:33Now, Amelia is in charge.
0:05:33 > 0:05:36She can pick a buddy from the ones that voted for her.
0:05:36 > 0:05:39It's a crucial decision because they'll be her lifeline
0:05:39 > 0:05:42when she faces the guru.
0:05:42 > 0:05:44I think I've clicked with Emily.
0:05:44 > 0:05:46Ah, brilliant! I see what you did there.
0:05:46 > 0:05:50- Good luck, we'll see you a bit later.- Thank you.
0:05:50 > 0:05:52Next to brave the buddies
0:05:52 > 0:05:55is 11-year-old inventor Oscar, from Hampshire.
0:05:55 > 0:05:57I've a really good eye for photography
0:05:57 > 0:05:59but I think I've a better one for business.
0:05:59 > 0:06:01Squaring up will be ten-year-old
0:06:01 > 0:06:03twins Owen and Aidan from York.
0:06:03 > 0:06:05I think we'll make a good team.
0:06:05 > 0:06:07And that's why we'll be good businessmen.
0:06:11 > 0:06:13Replacing Emily, we have a new buddy, Amber,
0:06:13 > 0:06:18jeweller to the stars, ready to meet our next set of inventors.
0:06:18 > 0:06:22Pocket Money Pitchers, it's time to go head-to-head.
0:06:22 > 0:06:24Oscar, take it away.
0:06:24 > 0:06:28Hi, my name is Oscar and today I'll be pitching my product.
0:06:28 > 0:06:31It is called an Eye Shelf, which is a clear shelf
0:06:31 > 0:06:32easily matched with any bed
0:06:32 > 0:06:35and lets the person use their phone or tablet.
0:06:35 > 0:06:39You lay there and you just look up and it goes above your head.
0:06:39 > 0:06:42This stops getting neck aches from laying to the side to watch it
0:06:42 > 0:06:44off your bedside table,
0:06:44 > 0:06:47or holding it in the air, so it hurts your arms.
0:06:47 > 0:06:50Me and my dad used to hold it in the air when I was having stories
0:06:50 > 0:06:53when I was young, but the problem was he would often fall asleep
0:06:53 > 0:06:56before me and drop it on me.
0:06:56 > 0:06:58I think a lot of people would want to use this.
0:07:00 > 0:07:02Oscar's inspiration was a tablet falling on his head.
0:07:02 > 0:07:04Ouch! Beat that, Isaac Newton!
0:07:04 > 0:07:06But twin brothers Owen and Aidan
0:07:06 > 0:07:08have also been struck by inspiration.
0:07:08 > 0:07:11Hi, I'm Owen and this is my twin brother Aidan.
0:07:11 > 0:07:14Our company's called BOAM, which stands for
0:07:14 > 0:07:16Big O's Aid to Maths.
0:07:16 > 0:07:20I have cerebral palsy and find it hard to hold maths equipment.
0:07:20 > 0:07:23So my brother and I decided to invent a magnetic maths set
0:07:23 > 0:07:24that didn't move.
0:07:24 > 0:07:27Our prototype is a specially designed metal maths set
0:07:27 > 0:07:30that sticks to a magnetic sheet underneath the paper,
0:07:30 > 0:07:33so you only need one hand to draw a line with it.
0:07:33 > 0:07:36They also have handy handles so you can easily pick it up.
0:07:36 > 0:07:39One in 1,000 children are born with hemiplegia
0:07:39 > 0:07:41and we want to help them be...
0:07:41 > 0:07:43- BOTH:- Maths geniuses!
0:07:44 > 0:07:47Boom, two ingenious inventions!
0:07:47 > 0:07:50It's going to be a tough call for the buddies.
0:07:50 > 0:07:53Let's find out from Amber who she's voting for.
0:07:53 > 0:07:56My vote is going to be with Owen and Aidan.
0:07:56 > 0:07:58Next to vote, it's Emma-Jayne.
0:07:58 > 0:08:02It's a tough choice but I am going to go for Team BOAM.
0:08:03 > 0:08:07Another buddy for the twins, but how will Ben vote?
0:08:08 > 0:08:12I'm going to go with Team BOAM, Big O's Aid to Maths.
0:08:12 > 0:08:16Team BOAM, you've made it through to the next round. Well done.
0:08:16 > 0:08:20Time to find out how the remaining buddies would have voted.
0:08:20 > 0:08:22For me, I will go for Team BOAM.
0:08:22 > 0:08:26The Eye Shelf is excellent but Team BOAM did an amazing job
0:08:26 > 0:08:28and it's a great concept.
0:08:28 > 0:08:31Clean sweep there for you, Team BOAM.
0:08:31 > 0:08:33Well done, lads.
0:08:33 > 0:08:35Oh, Oscar's out, but with a great invention,
0:08:35 > 0:08:38who knows what the future holds? Hands free, of course.
0:08:40 > 0:08:42It's been really fun. I've really enjoyed it
0:08:42 > 0:08:44and I will carry on my business idea.
0:08:46 > 0:08:49Owen and Aidan won over all of the buddies
0:08:49 > 0:08:53and now they have the power to choose which one they want.
0:08:53 > 0:08:56Jewellery entrepreneur Amber,
0:08:56 > 0:08:59award-winning product designer Emma-Jayne,
0:08:59 > 0:09:01renowned restaurateur Luke,
0:09:01 > 0:09:04go-to branding buddy Bianca
0:09:04 > 0:09:07or go-getter social media expert Ben?
0:09:07 > 0:09:10Now, you lads are in a really good position here. Have you decided?
0:09:10 > 0:09:12Yep. Bianca.
0:09:12 > 0:09:14Bianca!
0:09:15 > 0:09:17Ready for our last head-to-head
0:09:17 > 0:09:20is Lauren, a 12-year-old from Essex.
0:09:20 > 0:09:22I am quite competitive.
0:09:22 > 0:09:27So I'd really like to get this pocket money and start my business.
0:09:27 > 0:09:28And our final pitcher is
0:09:28 > 0:09:3111-year-old Charlie from Berkshire.
0:09:32 > 0:09:36Richard Branson is my business inspiration
0:09:36 > 0:09:39because he, like me, is dyslexic
0:09:39 > 0:09:42and he's really not afraid to take risks.
0:09:46 > 0:09:49It's the final head-to-head.
0:09:49 > 0:09:53Replacing buddy Bianca is online entrepreneur Suleman.
0:09:53 > 0:09:57Pocket Money Pitchers, time to go head-to-head.
0:09:57 > 0:10:00We're starting with you, Lauren, Phone Feet, take it away.
0:10:00 > 0:10:04Hi, I'm Lauren and my business idea is Phone Feet.
0:10:04 > 0:10:06It's a special kind of case.
0:10:06 > 0:10:08The idea came about when I was out with my friend,
0:10:08 > 0:10:10she dropped her phone down a hill and there was a huge crack
0:10:10 > 0:10:12across the screen.
0:10:12 > 0:10:13By seeing the panic on her face,
0:10:13 > 0:10:16I knew this was a problem that needed to be solved.
0:10:16 > 0:10:18A little light bulb went off in my head
0:10:18 > 0:10:20and I thought of feet on phones.
0:10:20 > 0:10:23These stumps, or feet, will protect your screen
0:10:23 > 0:10:26from ever coming in contact with the ground.
0:10:26 > 0:10:28I'm sure one of you know, or are that person,
0:10:28 > 0:10:30who has a cracked phone.
0:10:30 > 0:10:33Many phone users do not use a case, this is a very bad idea
0:10:33 > 0:10:36as your phone could get flung out of your hand at any moment.
0:10:36 > 0:10:40Make sure your phone lands on its feet.
0:10:40 > 0:10:44So will the buddies think Lauren's phone case has legs,
0:10:44 > 0:10:46or at the very least feet?
0:10:46 > 0:10:48But there is competition.
0:10:48 > 0:10:51Putting his case forward is Charlie.
0:10:51 > 0:10:53Hi, I'm Charlie and I'm from Berkshire.
0:10:53 > 0:10:55I'm here to RUIN a business.
0:10:55 > 0:10:58The business I'm here to ruin is the business of
0:10:58 > 0:11:00cracked smartphone screen repairs.
0:11:00 > 0:11:04So what is the saviour of humanity and bank accounts?
0:11:04 > 0:11:09Well, it's this, The Good Grip.
0:11:09 > 0:11:11It's, as you can see,
0:11:11 > 0:11:15ribbed, making it extremely holdable
0:11:15 > 0:11:18and it doesn't slip as easily.
0:11:18 > 0:11:23You heat them up in water, squeeze and bam, or should I say snap!
0:11:23 > 0:11:27You've got your phone cover.
0:11:27 > 0:11:28Thank you.
0:11:28 > 0:11:30A gripping pitch from Charlie.
0:11:30 > 0:11:32Two solutions to the same problem.
0:11:32 > 0:11:35Only one can go through to the guru.
0:11:35 > 0:11:39- Amber, which one are you going for? - My vote is with Lauren.
0:11:40 > 0:11:43A good start for Phone Feet. Here's Emma Jayne.
0:11:43 > 0:11:46I'm going to go for Charlie and Snap Phone Covers.
0:11:46 > 0:11:49One vote all, with Luke up next.
0:11:49 > 0:11:52I'm going to be going with Charlie and Snap Phone Covers.
0:11:54 > 0:11:57Charlie is now just one vote away from victory.
0:11:57 > 0:11:59Suleman's next.
0:11:59 > 0:12:01A difficult decision. Lauren, it's a great idea,
0:12:01 > 0:12:03definitely an issue in the market.
0:12:03 > 0:12:08Charlie, after that pitch I vote for you.
0:12:08 > 0:12:09There's a happy face!
0:12:09 > 0:12:11Three votes to one, Charlie is through.
0:12:11 > 0:12:14But let's find out how Ben would have voted.
0:12:14 > 0:12:15A massive well done to both of you
0:12:15 > 0:12:18but I'm going to vote for Snap Phone Covers.
0:12:18 > 0:12:21Oh, a tough call, I love those little feet
0:12:21 > 0:12:24but Lauren is ready to bounce back.
0:12:24 > 0:12:25I'd like to carry on.
0:12:25 > 0:12:29I'd like to think I can get it out there and people would buy it.
0:12:29 > 0:12:32So I think I'll carry on with it, yeah.
0:12:32 > 0:12:37Now Charlie needs a buddy to help him pitch his invention to the guru.
0:12:37 > 0:12:40Will he choose acclaimed clothing innovator Emma-Jayne,
0:12:40 > 0:12:42jet-setting young head chef Luke,
0:12:42 > 0:12:45supermarket super supplier Suleman,
0:12:45 > 0:12:48or digital dynamo Ben?
0:12:50 > 0:12:52- Hmm.- It's tough, isn't it?
0:12:52 > 0:12:56I'm probably going to go for...
0:12:56 > 0:12:58Last minute think...
0:13:00 > 0:13:01Emma-Jayne.
0:13:01 > 0:13:03Well, Emma-Jayne's clearly chuffed about that,
0:13:03 > 0:13:06so she's going to work with you and get you ready for the next bit
0:13:06 > 0:13:08when you're going to meet the guru in the vault.
0:13:08 > 0:13:10Good luck, Charlie, I'll see you later.
0:13:10 > 0:13:13So six have now become three.
0:13:13 > 0:13:16We have C-Klik, Big O's Aid to Maths
0:13:16 > 0:13:18and Snap Phone Covers.
0:13:18 > 0:13:21They will now get ready to pitch their ideas
0:13:21 > 0:13:23to the guru in the vault.
0:13:29 > 0:13:31Guru Rob Law came up with the idea
0:13:31 > 0:13:34for a ride-on suitcase at university
0:13:34 > 0:13:37but it took him another nine years to perfect the design.
0:13:37 > 0:13:42Now, kids travel with Rob's funky products all around the world.
0:13:42 > 0:13:45To be successful in business you need to be really passionate,
0:13:45 > 0:13:46driven and confident.
0:13:46 > 0:13:49It's very easy to get distracted by having lots of ideas,
0:13:49 > 0:13:53but the successful businesses just focus on one big idea
0:13:53 > 0:13:56and just make sure that is as good as it can be.
0:13:56 > 0:13:59There are three young inventors pitching to Rob in the vault,
0:13:59 > 0:14:02but he won't be giving them an easy ride.
0:14:02 > 0:14:05I'm looking for an idea that's solving a problem
0:14:05 > 0:14:07that hasn't been solved before.
0:14:07 > 0:14:10The idea should be really, really simple -
0:14:10 > 0:14:11as the best ideas always are.
0:14:11 > 0:14:15One business will win time with Rob and a year's worth of pocket money,
0:14:15 > 0:14:20that's £322.40 to invest in their business.
0:14:20 > 0:14:22There's a really good margin there.
0:14:22 > 0:14:25The young inventors will be using all of their business buddy's
0:14:25 > 0:14:28experience to perfect their pitches, ready for the guru.
0:14:28 > 0:14:31We're going to need to focus a little bit more on the market,
0:14:31 > 0:14:34your competition, any research you've done, so we can work out
0:14:34 > 0:14:37where in the market it's going to fit with other products.
0:14:37 > 0:14:40Owen and Aidan's maths set solves the problem for people
0:14:40 > 0:14:44with a physical disability and Bianca hopes to maximise sales.
0:14:44 > 0:14:47So, two different markets, two different colour schemes
0:14:47 > 0:14:50and therefore two different price points.
0:14:50 > 0:14:53Amelia's seatbelt stickers could be the simple idea Rob's after.
0:14:53 > 0:14:56Emily wants her pitch to really sell it.
0:14:56 > 0:14:58I think they should lead in like,
0:14:58 > 0:15:01"Hi, I'm Amelia and I'm going to make safety cool."
0:15:03 > 0:15:06Now, while the Pocket Money Pitchers get ready,
0:15:06 > 0:15:09the vault is preparing for the final showdown -
0:15:09 > 0:15:12the mission to win over the gurus.
0:15:12 > 0:15:15But, if at any point the pitchers get stuck,
0:15:15 > 0:15:18they can press this, the Pause My Pitch Button
0:15:18 > 0:15:22and a guru will be locked away and the buddy will be able to run on
0:15:22 > 0:15:23and help them.
0:15:23 > 0:15:26But they need to choose their time wisely with this
0:15:26 > 0:15:29because they can only Pause My Pitch once.
0:15:31 > 0:15:34Strapping herself in for a bumpy ride with the guru is
0:15:34 > 0:15:36Amelia with C-Klik.
0:15:36 > 0:15:39Waiting backstage is buddy Emily.
0:15:39 > 0:15:42Present your pitch.
0:15:42 > 0:15:45Hello, I'm Amelia and I'm going to make safety cool
0:15:45 > 0:15:47in a really simple way.
0:15:47 > 0:15:50Have you ever gotten into your parents' car at night
0:15:50 > 0:15:53and can't find where to put your seatbelt?
0:15:53 > 0:15:55Well, worry no more.
0:15:55 > 0:15:58C-Klik is a glow-in-the-dark neon-coloured sticker
0:15:58 > 0:16:02that will be easily fitted to the seatbelt plug point.
0:16:02 > 0:16:04I was staring up at my bedroom ceiling
0:16:04 > 0:16:07and saw the luminous stars shining back at me.
0:16:07 > 0:16:10Then it came to me, the stars are stickers,
0:16:10 > 0:16:13they absorb the daylight and when it gets dark, they shine.
0:16:13 > 0:16:16The C-Klik seatbelt sticker was born.
0:16:16 > 0:16:18C-Klik will be inexpensive to buy,
0:16:18 > 0:16:21the price around £2.99.
0:16:21 > 0:16:24The cost to manufacture will be 50p
0:16:24 > 0:16:28and I'll make a profit of nearly £2.50.
0:16:28 > 0:16:32That's a profit margin of 83%.
0:16:32 > 0:16:35If I were to receive a year's worth of pocket money
0:16:35 > 0:16:37I would spend 1/3 on product design,
0:16:37 > 0:16:391/3 on marketing
0:16:39 > 0:16:40and 1/3 on developing an app
0:16:40 > 0:16:43that would promote in-car safety to children.
0:16:43 > 0:16:46So, C-Klik to infinity and beyond.
0:16:46 > 0:16:48Thank you.
0:16:48 > 0:16:51A confident pitch but Rob's spotted a problem
0:16:51 > 0:16:53with Amelia's numbers.
0:16:53 > 0:16:55Do they add up?
0:16:55 > 0:16:58You mentioned you'd sell it at £2.99.
0:16:58 > 0:17:01- Yes.- So you need to sell it to the stores at a price
0:17:01 > 0:17:03where they can make some margins.
0:17:03 > 0:17:05So have you thought about that?
0:17:05 > 0:17:09Yes, I think it was £1.50... or is that what I'm making...
0:17:10 > 0:17:12SHE MUMBLES
0:17:12 > 0:17:14So you think about £1.50, yep?
0:17:14 > 0:17:16So your margin would actually be £1, then.
0:17:16 > 0:17:21That's £1.50 minus the 50p that it costs to make.
0:17:21 > 0:17:24- Can I have a look at the product? - Yes, of course.
0:17:24 > 0:17:26- So that's the sticker.- OK.
0:17:26 > 0:17:29When you're struggling around in the dark and trying to find
0:17:29 > 0:17:31where to put it, have you thought about...
0:17:31 > 0:17:34Because that sticker shows it could go either side of the slot.
0:17:34 > 0:17:37- Oh, you always know to put it onto the left side.- OK.
0:17:40 > 0:17:43- Depending on which side you are. - Yeah, oh, yeah.
0:17:43 > 0:17:45Perhaps you could put some kind of arrow on there
0:17:45 > 0:17:48- or something that would help.- OK.
0:17:48 > 0:17:53Oh, free pointers from the guru but the questions aren't over yet.
0:17:53 > 0:17:57And how many packs do you think you might sell in the first year?
0:17:57 > 0:17:59I'm not sure, I don't know.
0:18:04 > 0:18:08Amelia has paused her pitch.
0:18:08 > 0:18:11With Rob unable to see or hear now, buddy Emily can help.
0:18:11 > 0:18:14OK, so on this question I'd probably say...
0:18:14 > 0:18:15- We can make a guess at it.- OK.
0:18:15 > 0:18:19We could say there's a population of 60 million in the UK,
0:18:19 > 0:18:21if you say half of those are car owners,
0:18:21 > 0:18:24- that's 30 million... - OK, so 30 million...
0:18:24 > 0:18:26And then say they have three seatbelts in the back.
0:18:26 > 0:18:29- So that's 90 million. - She's so good!
0:18:29 > 0:18:32- She's so good! Great, good luck. - OK, thank you.
0:18:32 > 0:18:34Time to unlock the guru.
0:18:40 > 0:18:42There's about 60 million population
0:18:42 > 0:18:45and 30 of those people...
0:18:45 > 0:18:4830 million of those people drive cars
0:18:48 > 0:18:53and there are three seatbelts in the back, so that's 90 million.
0:18:54 > 0:18:59- OK, thanks, Amelia, I think I've got enough.- Thank you very much.
0:18:59 > 0:19:01Rob's looking for a simple idea.
0:19:01 > 0:19:05But will he be convinced by Amelia's figures?
0:19:05 > 0:19:07Two more pitches to go.
0:19:08 > 0:19:11It's Owen and Aidan's turn to face the guru with
0:19:11 > 0:19:14Big O's Aid to Maths.
0:19:14 > 0:19:15Present your pitch.
0:19:15 > 0:19:18Hi, I'm Owen and this is my twin brother Aidan.
0:19:18 > 0:19:23Our company is called BOAM, which stands for Big O's Aid to Maths.
0:19:23 > 0:19:26I have cerebral palsy and find it hard to hold maths equipment.
0:19:26 > 0:19:29I got frustrated with maths because I could do the calculations
0:19:29 > 0:19:31but I couldn't draw the lines.
0:19:31 > 0:19:33So my brother and I decided to invent a magnetic maths set
0:19:33 > 0:19:35that did not move.
0:19:35 > 0:19:38We have two prototypes.
0:19:38 > 0:19:40To make it more appealing to kids,
0:19:40 > 0:19:45we have a colourful one with curved edges.
0:19:45 > 0:19:48The children's maths will cost £7 to make
0:19:48 > 0:19:51and £12.50 to sell,
0:19:51 > 0:19:54meaning we'll get a £5 profit every time we sell a set.
0:19:54 > 0:19:56HE MUMBLES
0:19:56 > 0:19:59- (Your go.)- (£10, no, 10%.)
0:19:59 > 0:20:00It's your go!
0:20:00 > 0:20:03We would use £350 of our own pocket money
0:20:03 > 0:20:06from doing chores and birthday money.
0:20:06 > 0:20:09Now we would like you to try a normal ruler...
0:20:09 > 0:20:11Try and draw a straight line
0:20:11 > 0:20:14with one hand behind your back with a normal ruler.
0:20:14 > 0:20:16It goes wobbly.
0:20:16 > 0:20:19Now you can try our invention.
0:20:20 > 0:20:23And it goes straight. Thank you for listening to our pitch
0:20:23 > 0:20:26and we are happy to answer any questions.
0:20:26 > 0:20:28After a hands-on demonstration,
0:20:28 > 0:20:31time for the guru to examine the business plan.
0:20:31 > 0:20:33You came up with the idea
0:20:33 > 0:20:36because you struggle with drawing straight lines.
0:20:36 > 0:20:38Have you talked to anyone else about what they think of your idea?
0:20:38 > 0:20:40Not really.
0:20:40 > 0:20:43We talked to a couple of friends and they really enjoyed it, but, no.
0:20:43 > 0:20:47- Have you talked to maths teachers? - No.
0:20:51 > 0:20:53What are you passionate about?
0:20:53 > 0:20:56What would you like to do when you leave school?
0:20:56 > 0:21:00I'd like to process the idea and maybe patent it
0:21:00 > 0:21:04or get it global, into America.
0:21:04 > 0:21:06- Global.- Take it global, OK.
0:21:06 > 0:21:09Have you thought where you might be able to make the plastic set?
0:21:09 > 0:21:12Erm, no.
0:21:13 > 0:21:17The guru is locked away. This is a tricky one.
0:21:17 > 0:21:19How do you turn your prototype into something
0:21:19 > 0:21:22that you can then sell in the shops?
0:21:22 > 0:21:25So I think you should say that you created these ones yourselves,
0:21:25 > 0:21:28but what you're going to do is go out and find suppliers in the UK
0:21:28 > 0:21:32- and overseas and try and get the most competitive price.- OK.
0:21:32 > 0:21:36- OK, does that work?- Yep.- Yes. - OK. Fantastic, good luck!
0:21:38 > 0:21:41Time to unlock the guru.
0:21:43 > 0:21:47Well, we made them ourselves but we would look for the best price
0:21:47 > 0:21:50overseas and in the UK to get the best competitive quote.
0:21:51 > 0:21:54- Yeah, that's how... - OK, great.
0:21:54 > 0:21:57Owen, Aidan, thanks for your pitch.
0:21:58 > 0:22:02Nice work, lads. Team BOAM exit the vault.
0:22:10 > 0:22:12Third and final inventor is Charlie
0:22:12 > 0:22:14who thinks traditional phone covers
0:22:14 > 0:22:17aren't all they're cracked up to be.
0:22:17 > 0:22:19Present your pitch.
0:22:19 > 0:22:23Hi, I'm Charlie and I'm here to RUIN a business.
0:22:23 > 0:22:25The business I'm here to ruin is the business
0:22:25 > 0:22:27of cracked smartphone screen repairs.
0:22:27 > 0:22:30My inspiration is my mum who dropped her smartphone
0:22:30 > 0:22:33three times in one month, cracking the screen each time.
0:22:33 > 0:22:37So what is the saviour of humanity?
0:22:37 > 0:22:39Well, it's this, the Good Grip!
0:22:41 > 0:22:46As you can see, it's got a fat back and a ribbed hold,
0:22:46 > 0:22:51- so it's extremely easy to fit into the mould of your hand.- Mm-hm.
0:22:52 > 0:22:56There are 40 million smartphone users in the UK alone.
0:22:56 > 0:23:02I want 20 million of them using my Good Grip in five years.
0:23:02 > 0:23:05£2.50 is the cost price.
0:23:05 > 0:23:09The wholesale price is £5.
0:23:10 > 0:23:13The retail price is £12.
0:23:13 > 0:23:16Thank you. And as my dad says to my mum,
0:23:16 > 0:23:20"Get a grip, get a Good Grip!"
0:23:21 > 0:23:23So Charlie's mum's got a good grip
0:23:23 > 0:23:26but has Charlie got to grips with his business plan?
0:23:26 > 0:23:30So what will you be spending your pocket money on?
0:23:30 > 0:23:34I know where they're going to be produced - China Ewoo.
0:23:34 > 0:23:39So...it's mainly going to be getting the template in the factories,
0:23:39 > 0:23:44so that once we've got the template done, then I can produce hundreds.
0:23:46 > 0:23:49Can I come over and have a look?
0:23:49 > 0:23:51What's changed from the first ones?
0:23:51 > 0:23:55- How have you developed? - This one didn't really fit.
0:23:55 > 0:23:57It can't hold on to the phone, so it just slipped out
0:23:57 > 0:24:01and then this one has the hole for the charging, a grip.
0:24:02 > 0:24:04And this one's right-handed unlike all of the others,
0:24:04 > 0:24:07except these two that are interchangeable.
0:24:07 > 0:24:11- OK.- So you can go from that to that. - Great.
0:24:13 > 0:24:15Now time for questions.
0:24:16 > 0:24:19Can his products go global?
0:24:19 > 0:24:22You mentioned the UK market, have you thought much about
0:24:22 > 0:24:26the international market? Where would you take the product next?
0:24:26 > 0:24:28Well...
0:24:30 > 0:24:32Erm...
0:24:32 > 0:24:35He's done it! The guru is locked away.
0:24:35 > 0:24:39Buddy Emma-Jayne comes in to lend a helping hand.
0:24:39 > 0:24:41You're doing so well! America's a huge market,
0:24:41 > 0:24:44so that's obviously a good market to tap into.
0:24:44 > 0:24:47Yeah, there's going to be hundreds of millions there.
0:24:47 > 0:24:49And also it's closer for you, you'll be shipping from China,
0:24:49 > 0:24:53so you'll have cheaper shipping costs, which is a good thing.
0:24:53 > 0:24:56So your product will have a bigger margin.
0:24:56 > 0:24:57Will China be in there?
0:24:57 > 0:25:00Because I was just thinking, there would be no shipping costs
0:25:00 > 0:25:02- if we sent...- Absolutely.
0:25:02 > 0:25:04- You could also target China.- Got it!
0:25:04 > 0:25:08Super, you've got it. You're doing really well. I'm very impressed.
0:25:08 > 0:25:09Thanks.
0:25:10 > 0:25:14Time to unlock the guru.
0:25:16 > 0:25:20Next it's going to be America because that's closer to China,
0:25:20 > 0:25:23so it's going to be cheaper shipping costs
0:25:23 > 0:25:26and it's got a very big market.
0:25:26 > 0:25:29Perhaps after that it's going to be China because then you've got
0:25:29 > 0:25:33zero shipping costs and then, again, that's got a big market as well.
0:25:35 > 0:25:38- OK, thank you for your pitch. - Thank you.
0:25:38 > 0:25:40What a performance!
0:25:40 > 0:25:42The final pitch is done.
0:25:45 > 0:25:48So who will it be from our three new inventions?
0:25:48 > 0:25:49C-Klik,
0:25:49 > 0:25:51Big O's Aid to Maths,
0:25:51 > 0:25:54or Snap Phone Covers?
0:25:54 > 0:25:56Only one will get time with the guru
0:25:56 > 0:26:00and a year's worth of pocket money to invest in their business.
0:26:06 > 0:26:09Rob, brilliant inventions there. What did you think?
0:26:09 > 0:26:11Yeah, really, really impressive.
0:26:11 > 0:26:14I think Amelia had spotted a very simple solution
0:26:14 > 0:26:16to a problem that has a huge market.
0:26:17 > 0:26:20Owen and Aidan had really come up with
0:26:20 > 0:26:23a very practical solution to a real problem.
0:26:23 > 0:26:28And Charlie was incredibly passionate and I really love the way
0:26:28 > 0:26:31he developed his idea with his prototypes.
0:26:31 > 0:26:35Of course, only one of you can be chosen by our guru.
0:26:35 > 0:26:38Rob, who is your prize pitcher?
0:26:39 > 0:26:41It's an incredibly tough decision.
0:26:41 > 0:26:44But the pitcher I've chosen is...
0:26:52 > 0:26:54..Amelia!
0:26:54 > 0:26:56THEY CHEER
0:26:58 > 0:27:01Well done! Congratulations. That's absolutely brilliant.
0:27:01 > 0:27:03- How do you feel?- Really happy.
0:27:03 > 0:27:05Three inventive products.
0:27:05 > 0:27:06- BOTH:- BOAM!
0:27:06 > 0:27:09I am really excited. I've really enjoyed my experience
0:27:09 > 0:27:11and super proud got this far.
0:27:11 > 0:27:15I had a really, really, really fun time. Absolutely great!
0:27:15 > 0:27:20But there can be only one winner, Amelia with C-Klik.
0:27:20 > 0:27:24It was such a simple idea that had huge market appeal.
0:27:24 > 0:27:26She stood up to some really strong questioning.
0:27:26 > 0:27:29She didn't lose her ground and was very confident in her answers
0:27:29 > 0:27:31and had done a lot of homework.
0:27:33 > 0:27:35Now our young entrepreneur is getting a taste
0:27:35 > 0:27:37of the inventor's life
0:27:37 > 0:27:39and with a year's worth of pocket money to play with,
0:27:39 > 0:27:43this is just the start of the journey for Amelia and C-Klik.
0:27:43 > 0:27:45Oh, wow! Look at that!
0:27:45 > 0:27:47Find out how she gets on
0:27:47 > 0:27:50in Pocket Money Pitch - What Happened Next
0:27:50 > 0:27:51at the end of the series.
0:27:51 > 0:27:53That's really good!