Young Innovators Challenge
The Scottish Government wants to support new business development and innovative ideas from Scotland’s final year students and have launched The Young Innovators Challenge managed by the Scottish Institute for Enterprise. There are 6 prizes of up to £50,000 to be won and competition winners will also be guaranteed a years’ worth of business support to help develop their idea into a viable business after graduation.
Five key industry sectors have been selected by the government for this initiative: oil & gas; renewables; textiles; food & drink, and built environment. Students are invited to submit an idea for a new business in one of the sectors for a chance to win funding and support to take their idea forward. Ideas out with those sectors can be entered into a General category.
The ideas will be judged by industry experts and, on graduating, the winner from each category could receive up to £50,000 funding and a year’s business support to develop their idea for a new business or social enterprise. Shortlisted entrants (3 per category) will be invited to attend a 4 day residential bootcamp (an intensive experience to develop business skills.)
Five Challenge Videos have been produced to help inspire new ideas. Each video provides an overview of the sector, opportunities and the challenges faced. These videos were debuted at Challenge Lab events in February and are now viewable online (at www.sie.ac.uk/YIC and on youtube: YIC2013challenges).
The competition web pages also include useful tips and guidance from the events and additional information to help you with your entry. If you complete the first stage of the application by April 8th you’ll be guaranteed a 1-to-1 meeting with a business advisor from SIE who’ll help you work on your idea! Entry is online from www.sie.ac.uk/YIC. There are two parts to your entry and both parts must be complete by May 31st. If you complete the first part by April 8th, however, you’ll be guaranteed a one-to one meeting with an advisor from the Scottish Institute for Enterprise who will help you with your idea.
Scotland has produced some of the world’s greatest innovators and most enduring ideas. Are you up to the Challenge?
• See the YIC newsletter, for up-to-date information, tips and advice. Sign up at: – www.sie.ac.uk/YIC
• Follow the challenge on twitter: – twitter @YIC2013 (#inspirationalideas)
• Watch the Challenge videos on Youtube: -YIC2013challenges
• Like the challenge on Facebook : – www.facebook.com/younginnovatorschallenge