Have you been sitting on a great technology-led business idea?
The Unloc Enterprise Challenge is back for its second year, brought to you by Verizon.
What is it?
The Unloc Enterprise Challenge is an online entrepreneurship competition, for those aged 16-25, who are looking to develop a technology-led business idea that is fresh, new and innovative.
Unloc empowers young people to be changemakers and seeks to encourage entrepreneurial thinking. If you’re interested, get your application in by the 15th November.
What’s the prize?
You would be competing to win:
- £10,000 of funding for your start-up business*
- A mentorship package to accelerate your idea
- Finalist runners up will receive £1,000 for their start-up business
How is it judged?
The applications will be judged on three key criteria:
- Can the plan achieve what is says it will?
- Does it operated within the budget/resources currently held or will acquire?
- Does the idea add value to people’s lives?
- Does is meet a social or community need in a new way?
- Does is meet or sustain a UN SDG in some way?
- Is the idea unique?
- Does it have a clear USP?
- Is the tech solving a problem in a creative way/ filling a gap in the market?
How to apply:
Record a short video of yourself. The video needs to be no less than 60 seconds and no more than 90 seconds. Be sure to include how your idea meets the three criteria above.
Visit the Unloc Enterprise Challenge website and hit the apply button. Simply fill out the form and submit your video. Deadline: 15th November!
Sit tight and wait to hear from the judges. Finalists are announced on the 25th November.
The Grand Final will be held in London in January.
Rules and eligibility
Applications will only be accepted from:
Individuals between the ages of 16 and 25 years on the 1st January 2020
Residents and/or citizens of a mainland European country
Business proposals must:
Be legal in all mainland European countries
Be either a pre-start (not yet trading); or not have been trading for more than 3 years and have an annual turnover of less than £100,000 on 1st January 2020
Not have the purpose of political lobbying
Be the applicant’s own idea and not infringe on the copyright, patent or intellectual property of others
Immediate family members of the judging panel are not eligible to apply
*The actual prize fund will be dependent on the exchange rate at the time of award.