Verizon/Unloc Young Entrepreneurs Challenge 2024 (£10,000 cash award) | APPLY NOW

This informs the public about the Verizon/Unloc Young Entrepreneurs Challenge 2024. Details about the Program are given below.

Verizon/Unloc Young Entrepreneurs Challenge 2024

About Verizon/Unloc Young Entrepreneurs Challenge 2024

If you’re 16–25 and have a fresh and innovative tech-led idea, The Young Entrepreneurs Challenge could help you get your business off the ground—or if you’ve already launched, boost it to the next level.

  • Last year’s finalists’ ideas included:
  • Wind turbines powered by the airflow of passing vehicles
  • Zero-waste edible biofilm to replace plastic in the silage process
  • An app and tablet that separates waste at the point of disposal
  • Tech that extracts eco-friendly cellulosic fibres from potato waste for use in fashion
  • Home-compostable 3D-printed filaments made from algae and waste cooking oils to reduce single-use plastics in the medical industry

The prizes

  • One-to-one mentorship

You’ll be paired with an enterprise mentor, who will create an individual plan focused on your key priorities. This could be addressing knowledge gaps or helping match you with contacts or services to help get your business off the ground and into orbit. You’ll also get a series of exclusive masterclasses with various industry experts; last year’s masterclasses included business finance, legal structures, R&D, strategic planning and forecasting.

  • Cash award of £10K (12K€*)

The winner will receive a £10,000 (12,000€*) grant to help accelerate their business idea or start-up.

* Approximate Euros equivalent. The actual prize will be calculated based on the exchange rate at the time of the award.

  • Global One Young World Summit

The winner will attend the One Young World 2024 Global Summit in Montréal. This annual event brings together many of the brightest young leaders from 190+ countries and 250+ organisations. The agenda includes speeches, workshops and networking events with influential political, business and humanitarian visionaries.

Requirements

Applying is easy:

  • Record a short video  (at least 60 seconds but no more than 90 seconds)
  • Remember to explain how your idea meets the three criteria
  • Hit the “Apply now” button
  • Fill out the application form and submit your video

Then sit tight. Finalists will be announced in early February 2024

Eligibility

Applicants must be:

  • Between the ages of 16 and 25 years on 1 February 2024
  • Residents and citizens of the U.K. or the continent of Europe
  • Immediate family members of the judging panel are not eligible to apply
  • Previous entrants are welcome to re-enter, but previous finalists are not eligible

Business proposals must:

  • Be legal in all mainland European countries
  • Not have the purpose of political lobbying
  • Be the applicant’s idea
  • Not infringe on the copyright, patent or intellectual property of others
  • Be submitted in English (both written and video)

Businesses must be either:

  • Pre-start (not yet trading)
  • No more than three years old and has had an annual turnover of less than £100,000 (120,000€) in its most recent financial year

Application

For those interested in the Verizon/Unloc Young Entrepreneurs Challenge 2024. Open this link to start the application process.

Application Deadline

  • The deadline for receipt of applications is 19 January 2024.

Open this link for more details about Verizon/Unloc Young Entrepreneurs Challenge 2024.

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