Thamesmead brothers win £5,000 after pitching their business to Sir Richard Branson
PUBLISHED: 16:53 03 May 2013 | UPDATED: 16:53 03 May 2013
Â© Tom Oldham 2013
Sir Richard Branson was so wowed by a pair of Thamesmead brothers that he is going to invest £5,000 in their fledgling business after they won a nationwide competition yesterday.
Joshua Okungbaiye, 25, and his 23-year-old brother John, pitched to Sir Richard for four minutes as part of the Virgin Media Pioneers Pitch to Rich competition.
Their company High Spirits, a range of bags with zips on the back to prevent pick pocketing, will now receive funding and advice from the legendary businessman and other Virgin executives.
Joshua said: “It was incredibly never-wracking and surreal being up there pitching to such a legend.
“He said he loved the pitch and this has been a great experience for both of us to carry forward. To win the competition is a dream come true.”
Joshua added that they will be using the money to improve their website and are considering setting up a pop-up shop, either in Brick Lane or Camden.
Erith and Thamesmead MP Teresa Pearce said: “I am extremely happy that we have young people like Joshua and John in my constituency.
“That they have developed their own product, set-up their own business, and pitched their ideas at the highest level with such great success is extremely impressive, and I am sure their business will be very successful.
“Joshua and John are shining examples of what young people can achieve when they put their minds to it.”