Operating Framework and Product Approval
As with any business, student companies set up as part of the Company Programme must operate in line with their legal responsibilities. All students, business advisers and centre leads must read our Operating Framework to ensure they know what products/services they can offer and those that are not covered by YE Insurance.
All student companies will need to register for YE Trading Station, an online trading platform that allows them to promote and sell their product or service online. As part of the registration for Trading Station, students will need to complete a product/service approval process, outlining what product or service they would like to offer and providing evidence that this does not breach or infringe any of the rules set out in the Operating Framework. Some products and services are not covered by YE Insurance (further information in the tab below).
Centres do have the option of providing their own insurance should their student company want to produce something not covered by YE Insurance.
The Operating Framework will be made available on completion of registration to YE Online where further information can be found, including explanation videos for students.
All Young Enterprise student companies are, for the year of their operation, functioning as branches of Young Enterprise.
Copyright and Intellectual Property
When students name their student company and start to develop their brand, care needs to be taken to not directly or overtly imitate, copy or trade using existing company names, trademarks or copyrights.
Company websites, online trading and the use of social media all mean that student companies have a much larger ‘reach’ than they would have had just a few years ago. Companies and products that may, in the past, have had little presence outside their local community can now have a wider impact and this increases their potential for unwanted scrutiny.