Deadline: January 19th, 2024 | Young Entrepreneurs Challenge 2024
| Title: | Young Entrepreneurs Challenge 2024 |
| Organisation: | Verizon and Unloc |
| Fund/Grant: | $10 000 |
| Deadline: | January 19th 2024 |
| Eligible countries; | citizens of UK OR Europe |
Want to make an impression, put your ideas into practise, and get noticed? The Young Entrepreneurs Challenge, presented by Verizon and Unloc, is a yearly competition aimed at identifying the top young talent in Europe.
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The Young Entrepreneurs Challenge might be able to assist you in starting your firm, or in taking it to the next level if you’ve already established it, if you’re 16 to 25 years old and have a novel and cutting-edge tech-driven idea.
The Awards
- Individualised mentoring
- Your business mentor will work with you to develop a unique plan that is centred on your top priorities. This could involve filling your knowledge gaps or connecting you with people or services to help launch and grow your company. A series of exclusive masterclasses with a range of industry specialists will also be provided; masterclass topics from the previous year covered business finance, legal frameworks, R&D, strategic planning, and forecasting.
- A cash prize of £10,000.
- The ultimate winner will get a grant of £12,000 ($10,000) to help their company idea or start-up move forward.
- Approximate equivalent in euros. Based on the currency rate in effect at the time of award, the actual prize will be determined.
Summit of the One Young World
- The winner will also get travel expenses to Montréal for the One Young World 2024 Global Summit.
- Many of the most talented young leaders from 190+ countries and 250+ organisations come together for this annual event. Speeches, workshops, and networking opportunities with important political, corporate, and humanitarian thinkers are among the many events on the agenda.
eligibility requirements
The following people may enter the contest:
- Individuals who will be 16 to 25 years old on February 1, 2024.
- People who live in or are citizens of the United Kingdom or Europe
- Applications must be submitted in English, both written and through video. Business plans must be:
- Legal across the board in continental Europe
- Not be used as a tool for political lobbying
- Be the applicant’s original concept and not violate anybody else’s copyright, patent, or other intellectual property
- Businesses must either be:
- (Not yet traded) Pre-start
- less than three years old with a most recent financial year’s annual turnover of less than £100,000 (120,000€).
- No applications will be accepted from members of the judging panel’s immediate families.
- Those who have already entered are invited to reapply, but prior finalists are not
Judging Standards
Three main criteria will be used to evaluate applications:
- How innovative is it?
- Is the concept new?
- Does it have a distinct selling proposition?
- Is the technology bridging a market gap or creatively resolving the issue?
- Enhances it sustainability?
- Will this project make people’s lives better?
- Will it provide for societal or local needs in a novel way?
- Does it support or meet a Sustainable Development Goal (SDG) from the UN?
- Is it practical?
- Can the strategy actually accomplish what it promises to do?
- Does it operate within the constraints of the funds allotted or future purchases?
- Is the concept ready for investment?
- Should you be successful, how will you spend the money?
Visit Verizon for more details.
