Home Contest Verizon Business/Unloc Young Entrepreneurs Challenge 2023 for young Entrepreneurs

Verizon Business/Unloc Young Entrepreneurs Challenge 2023 for young Entrepreneurs

by odiary
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Application Deadline:

The Young Entrepreneurs Challenge brought to you by Verizon Business and Unloc is an annual event that seeks to find cutting edge young talent across Europe. Now in its 5th year there’s never been a better time to put your ideas into action and reach for success!

The Challenge

Got a great business idea or concept? If you’re 16-25 and have a fresh and innovative technology led idea for a business, or have started one already – then we want to hear from you! Our competition seeks the best young minds from across Europe, young people with vision, social awareness and the ambition to achieve.

Competition criteria

Applications will be judged on three key factors:

Viability

Tech innovation

Sustainability

  • Can the plan achieve what it states it will do?
  • Does it operate within the budget/resources currently held or will acquire?
  • Is the idea investment ready? How will you use the funding if successful?
  • Is the idea unique?
  • Does it have a clear unique selling point?
  • Is the technology solving the problem in a creative way or filling a gap in the market?
  • Will the venture improve people’s lives?
  • Will it meet social or community needs in a new way?
  • Does it meet or sustain a UN Sustainable Development Goal (SDG)?

Prize

  • The Grand Prize Winner will receive a £10,000 / €11,000* grant, a mentorship package and pro-bono support to accelerate their business idea or start-up. It’s the opportunity to make your mark, get noticed and put your ideas into action.
  • One overall winner, selected by our panel of industry experts and entrepreneurs, will walk away with a substantial £10,000 / €11,000* grant to invest in their business, whilst each finalist will also receive a £1,000/€1,100* cash injection.
  • All shortlisted finalists will also receive the Young Entrepreneurs Challenge Masterclass Support Programme. An assigned enterprise support mentor who will create a 1-2-1 support plan focusing on your key priorities. These could be addressing knowledge gaps, or being matched with services.
  • You will also receive a series of masterclasses across the next year on a range of topics and with a variety of industry expert speakers. Last year’s masterclasses focused on: – Business Finance, Equity Sharing & Legal Structures, R&D, Strategic Planning + Forecasting.

* The actual prize fund will be dependent on the exchange rate at time of award.

Timeline

  • 3rd October: Online competition launch
  • 20th January @ 5pm (GMT): Online competition deadline
  • Early February: Finalists announced
  • End of February: Grand Final Event

How to apply for the Verizon Business/Unloc Young Entrepreneurs Challenge 2023

  • Simply record a short video of yourself that’s at least 60 seconds and a maximum of 90 seconds long – remember to explain how your idea meets the three criteria!
  • Hit the apply button
  • Fill out the application form and submit your video
  • Sit tight and wait to hear from the judges: finalists are announced in early February 2023

Official Website: Verizon Business/Unloc Young Entrepreneurs Challenge 2023

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