The next generation of Scotland’s entrepreneurial leaders still has time to take what could be an important first step to success.
The Scottish Institute for Enterprise (SIE)’s New Ventures competition closes for entries this year on January 28th. For many of Scotland’s brightest stars, the competition has been an important start of their entrepreneurial journey and helped stand them in good stead for further success, opening up opportunities with larger scale competitions and investment.
Winners will join competition alumni including Christopher McCann (Snap40), and Amanda Day (All Day Designs), both of whom recently won big in the Round 7 final of the Scottish EDGE, securing £30,000 and £75,000 respectively.
The competition process helps entrants work on their business, be it an idea at an advanced stage or a business that has launched in the last two years, and articulate their business successfully through a focused strategy and pitch, skills which will help them gain future investment.
The top prize of £10,000 is sponsored by Bank of Scotland. Commenting on the competition sponsorship Gary Newton, Regional Manager (Scotland), Retail Business Division, said:
“Bank of Scotland is delighted to continue to support SIE’s New Ventures Competition. Scotland’s students are full of innovative ideas and support at this early stage will help them grow into the business leaders of tomorrow. We’re very proud to be part of that.”
Joining the main competition prizes this year are a number of additional awards. The PG Ventures award from Enterprise Campus offers £1,500 for postgraduate students with high growth potential ventures, and the What IF award from Innovation Forum will provide £1,000 and the opportunity to pitch to investors at the global WhatIF accelerator competition in Cambridge in September.
Speaking about the Enterprise Campus support, Natasha Lobley, Enterprise Executive at Enterprise Campus said:
“Scotland has a long history of encouraging innovation, and our universities continue to produce a wealth of entrepreneurial individuals. Enterprise Campus is proud to be able to support a postgraduate award in SIE’s New Venture’s competition for a second year.”
Harsh Vaidya, Founder, Innovation Forum Edinburgh continued:
“The Innovation Forum is excited to be supporting SIE’s New Ventures Competition as a part of our strategy to help innovative Scottish companies grow and succeed.”
The New Ventures Competition closes for entries on January 28th. Finalists will pitch to judges on March 12th and the winners will be announced at the SIE Student Enterprise Summit on March 23rd 2016.
You can find the full press release below.