Friday 26 January 2018

Prince's Trust and Innovate UK Invite Young Entrepreneurs to Pitch Their Business Ideas


18 to 30-year-olds could win support to pursue an innovative idea under a new scheme run in partnership by the Prince's Trust and Innovate UK.

The competition - part of the ideas mean business campaign - will help young adults make their ideas a success, no matter where they come from.

Business ideas should focus on one of the following three areas:
  • changing something for the better in a local community 
  • a new way of using technology to fix an everyday problem 
  • a new way to tackle an environmental issue 
Support is available to young innovators who can commit 15 hours a week to developing their idea.

The award will include:

  • an allowance to cover time spent working on the idea 
  • coaching and mentoring from an innovation champion 
  • a funding pot for activities or resources, such as travelling to meet customers and partners, training courses, equipment, office space and IT.

Who can apply?

UK residents who:
  • have the right to work in the UK, or are applying for the right to do so.
  • are unemployed or are working less than 35 hours a week if applying through the online programme, or working less than 16 hours a week if applying through the in-person programme 
  • are not studying or studying less than 14 hours a week 
  • are age 18 and 30.
People currently receiving support from the Prince’s Trust’s in-person Enterprise programme are also eligible to apply.

How to apply

Applicants will need to register with The Prince’s Trust, where they will then be able to sign up to attend one of a series of regional events. These events are designed to help applicants develop their ideas and give more information about the application process.

You must attend an event in order to apply. 


1st Round of Events

  • Cardiff, Wales, 5 February 
  • Ipswich, East Anglia, 5 February 
  • Birmingham, West Midlands, 6 February 
  • Brighton, South East, 7 February 
  • Plymouth, South West, 8 February 
If you attend one of these events you will need to submit your application by 1 March 2018.

2nd Round of Events

  • Newcastle, North East, 26 February 
  • Belfast, Northern Ireland, 26 February 
  • York, Yorkshire and the Humber, 27 February 
  • Manchester, North West, 1 March 
  • Glasgow, Scotland, 2 March 
  • Nottingham, East Midlands, 2 March 
Delegates to these events must apply by 22 March 2018.

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