Kingston University journalism department has launched a new competition with a £1,000 cash prize aimed at student journalists who have an entrepreneurial streak.

“myNewsBiz” is a contest to find business ideas which combine high-quality journalism with making money.

They say: “It could be a hyperlocal website, a new smartphone app, an iPad magazine, a production company, an online video platform, a magazine, or even the next social media platform . . . almost anything.”