To mark the start of Global Entrepreneurship Week, the cream of the capital's young business talent battled it out in front of a 'dragon's den' of corporate leaders to become Tsu Chu entrepreneurial champions.

The young talent, representing five businesses, including a street dance company, a community based ICT consultancy and a language school went head to head at City Hall in the Tsu'Chu Biz® Cup Final.

Using the Olympics and football as the inspiration for their ideas, the event is the culmination of courses for 500 young people aged 14-19 years from within the five Olympic host boroughs and has been funded by the Five Host Boroughs Unit and is supported by Chelsea Football Club.

The winning business teams and their young owners presented their plans to a panel of distinguished judges including:Rosa D'Alessandro, head of CSR AEG Europe; Antony Ross, executive director, Bridges Ventures; India Gary, global programme head, RBS; Jordan Kensington, CEO Invincible Media Group and Henriette Kolb, director, Cherie Blair Foundation for Women.

Tsu'Chu Biz® is the brainchild of former England international Tony Woodcock, and his partner Susan Kaye of The Challenge of Excellence and was recently awarded London 2012's INSPIRE MARK for exceptional educational projects.

Tsu'Chu was the first known form of football introduced in ancient China and means to kick a leather ball. With the support of Chelsea, Tsu'Chu Biz® courses have been successfully running across the UK for 14-19 year olds, with an emphasis on young people from disadvantaged areas, and use the magic and passion of the game of football as the learning medium. The first international courses also took place this year in the UAE.

Tony Woodcock said: 'We are delighted to be showcasing what young people can achieve when they are motivated, passionate, informed about life-relevant subjects and able to use their talents in a creative way…. good for them, good for the local economy and good for the community. It's a sign that innovative education can move in a positive direction.'

Focussed on Entrepreneurship, Business Finance, Teamship, Leadership, Stress Management and Personal Development the five (Olympic) host borough courses took place at London universities where all the young participants were awarded 20 UCAS tariff points and 10 university credits, encouraging them on to further and higher education.

Mayor Boris Johnson said: 'London is bursting with bright young minds and this contest provides the perfect opportunity for them to unleash their talents. In the run up to the 2012 Games I hope more budding entrepreneurs are inspired to start their own businesses.'

Eventual winners were Bon Eleve who won the prize for their language business proposal to provide after school tuition to primary school children in French and German.