Entrepreneurial students are hoping their plans for a charity’s business challenge will turn into a successful venture and raise money for a local hospice.

St Francis Hospice, along with Barry Hearn and Matchroom Sport launched the MATCH (the Matchroom Sport Apprentice Team Challenge) for Hospice Care on Monday.

Nine teams of pupils aged 14 to 18 from seven schools across the area St Francis Hospice serves are taking part and they each received their start-up fund of �250, from Barry Hearn, who is supporting the initiative as sponsor and mentor.

Students have six months to run their business and make as much profit as possible for the hospice.

Members of the winning team will get an iPad3 and the offer of work experience at Brentwood-based Matchroom Sport and at St Francis Hospice.

Barry, who has been a dedicated St Francis Hospice supporter since his mother-in-law received the charity’s care, said: “MATCH is all about getting young people to think about what they want to achieve and developing their business skills.

“The challenge will benefit both the students and St Francis Hospice as the youngsters will develop their team working and practical skills while hopefully raising funds for the vital care the hospice provides to local people affected by life-limiting illness.”

The Royal Liberty School, in Gidea Park, has two teams of 14-year-olds involved. One team will sell a variety of calendars to students via a free website and another plans to create a website selling advertising space to local business.