Creative Sparks.

The firm has been incorporated, a board of directors elected and initial discussions have been held to formulate a business plan.

MSA is taking part in a scheme run by the British national education charity, Young Enterprise.

Saltus Grammar School and Bermuda High School for Girls are also taking part in the programme and are setting up their own companies.

The scheme aims to give young people a taste of the excitement, rewards and problems of business.

They learn to develop skills such as working as a team, leadership, making presentations, planning, financial control and making a commitment to quality.

Creative Sparks is a real company, which will operate as a bona fide business.

The company was launched at a meeting at the Bank of Bermuda's boardroom, which was addressed by the Bank's executive vice president, Mr. Charles Vaughan-Johnson.

Students are currently discussing what they will produce and sell, chewing over suggestions like making hair accessories, school products or decorating jars.

Participating students can purchase between ten and 20 shares in the company at a cost of 50 cents per share.

Under the terms of the scheme, Creative Sparks can have a maximum capitalisation of up to $500.

Ms Stephanie Smith, of William R. Storie & Co., the advisor for the project, said the company would operate for the academic year and then be liquidated.

YOUNG ENTREPRENEURS -- Pictured in the Bank of Bermuda's boardroom are students from Mount St. Agnes Academy who have launched their own company, Creative Sparks. The company's directors are in the front row, between teacher Mrs. Trudi Pugh (front right) and advisor Ms Stephanie Smith (front left), of William R. Storie & Co.