Deadline: 21-Jan-22
If you’re 16-25 and have a fresh and innovative technology led idea for a business, or have started one already – then you can apply for the Young Entrepreneurs Challenge! The competition seeks the best young minds from across Europe, young people with vision, social awareness and the ambition to achieve.
Funding Information
- One overall winner, selected by their panel of industry experts and entrepreneurs, will walk away with a substantial £10,000 / €11,000 grant to invest in their business, whilst each finalist will also receive a £1,000/€1,100 cash injection.
- Note: The actual prize fund will be dependent on the exchange rate at time of award.
Competition Criteria
Applications will be judged on three key factors:
- Viability
- Can the plan achieve what it states it will do?
- Does it operate within the budget/resources currently held or will acquire?
- Is the idea investment ready? How will you use the funding if successful?
- Tech innovation
- Is the idea unique?
- Does it have a clear unique selling point?
- Is the technology solving the problem in a creative way or filling a gap in the market?
- Sustainability
- Will the venture improve people’s lives?
- Will it meet social or community needs in a new way?
- Does it meet or sustain a UN Sustainable Development Goal (SDG)?
Eligibility Criteria
Applications will only be accepted from:
- Individuals between the ages of 16 and 25 years on the 1st February 2022
- Residents and/or citizens of a mainland European country
- Business proposals must meet the following criteria:
- Be legal in all mainland European countries
- Be either a pre-start (not yet trading); or not have been trading for more than 3 years and have an annual turnover
- of less than £100,000 on 1st February 2022
- Not have the purpose of political lobbying
- Be the applicant’s own idea and not infringe on the copyright, patent or intellectual property of others
- Immediate family members of the judging panel are not eligible to apply
- Previous entrants who attended the Grand Final are not eligible to apply
For more information, visit https://youngentrepreneurschallenge.com/