Young people can apply for an award to make their business idea a reality. The Award includes a £5,000 grant, business support and a living allowance.
Aged between 18 and 30 years old and looking for business support? Innovate UK is working in partnership with The Prince’s Trust to find young people from across the UK with great business ideas. Their goal is to find a new group of young innovators that, with their help, can turn their great ideas into successful businesses.
The national Young Innovators Awards will go to 18–30 year olds with a creative and ground-breaking business idea to support them in turning it into reality. The programme will support up to 100 young people over 3 years with individuals benefitting from a £5,000 grant, one-on-one coaching and an allowance to cover living costs.
Ben Marson, Director of Partnerships at The Prince’s Trust, said: “At The Prince’s Trust we believe that every young person, no matter their background, should have the chance to thrive in work. We know the immense potential and entrepreneurial spirit of UK young people but not everyone has the opportunity to turn their ideas into reality. Working with partners like Innovate UK on the Young Innovators programme allows us to encourage and enable entrepreneurship and innovation among more young people and bring diverse ideas and businesses into the economy.”
The Young Innovators Awards programme was launched in 2017 and has already engaged 12,000 young people through a high-profile communications campaign, Ideas Mean Business.
For more info see Prince’s Trust website
They are looking for young people who would benefit most from the Young Innovators Awards, including the financial support and tailored package of expert advice and access to innovation tools and connections on offer. The financial support and tailored coaching and mentoring will be provided directly to the successful applicants.
Competition closes: Wednesday 2 September 2020 11:00am
If you need help with your application or some advice on your business idea – please contact one of our expert advisors here at The DR Company. We’re here to help! Contact Us