Some of Scotland’s brightest young innovators came together yesterday at an exciting awards event in Glasgow.
The Young Innovators Challenge (YIC) run by the Scottish Institute for Enterprise (SIE) congratulated the competition winners in style in front of invited guests from business, academia and the entrepreneurial community at the Young Innovators Challenge 2014 Gala Awards Dinner. In total 33 winners were selected, each winning up to £2,500 in funding to help develop their business ideas, along with expert advice.
Fiona Godsman, CEO of the SIE, and challenge judge Josh Littlejohn, an entrepreneur best known for launching the Scottish Business Awards and social enterprise Social Bite, were present at the event, with Josh delivering the inspiring keynote speech.
The challenge invited students from college or university and Modern Apprentices to submit ideas that generated social value and innovation. The concept of social innovation describes the use of creative and enterprising thinking to find answers to complex issues faced by individuals or the wider society. Entries fell into three categories:
Healthcare and wellbeingGreen and sustainable resourcesSmarter communities and infrastructureWinners were invited to an intensive business bootcamp along with other workshops with guest-speakers who delivered invaluable advice to the young entrepreneurs, helping them to develop business plans from their ideas.
This year’s challenge attracted more than 300 entries half of which were shortlisted and put before the expert judging panel of; Tony Banks, chairman of Balhousie Care Group, Josh Littlejohn, organiser of the Scottish Business Awards and creator of the Social Bite, and Susan Aktemel, Director of Homes for Good (Scotland).