The ‘Bad Idea: Youth Enterprise Awards’ is looking for secondary school pupils to think creatively and turn their fledgling business ideas into reality.
“The creative capacity of our youth is not necessarily given the outlets to thrive through the normal academic structure. We want to try and unlock this entrepreneurial talent through a different channel by offering mentoring help and support and a large cash prize to inspire and stimulate creativity among this age group,” said Anthony Gerrard from competition organisers U18.
U18 is a safe and exclusive online community for teens that supports and develops talent. It encourages youths to share their creative skills amongst their peers within this protected platform. The most promising local talent then have the opportunity to perform live at various U18 organised events.
The competition is being backed by Glasgow City Council along with several high profile entrepreneurs and prominent business mentors.
Bailie Liz Cameron, Executive Member for Jobs and the Economy at Glasgow City Council, said: “There is a huge enterprise potential and range of creativity within our schools that we hope will be untapped through this competition. As part of the council’s commitment to support youth enterprise, we want all our young people to embrace the concept that there really is no such thing as bad business idea.”
Organisers say the competition offers young people a dynamic, practical and efficient method of turning their business ideas into reality,
The initial entries will be whittled down to a long list of 100 ideas, with young entrepreneurs asked along to a series of four workshops where they will be mentored by real business people to develop their ideas further. From there a short list of 10 will be invited to an awards ceremony in April where the winner along with runners up prizes of £1500 and £500 will be presented.
“If we are to change the stagnant levels of entrepreneurial activity that we suffer from we need to do everything we can to promote entrepreneurial spirit among young people,” said Gary Ennis, from NSDesign one of the competition sponsors, “Initiatives like this will go a long way to eliminating the hurdles of lack of finance and proper mentoring advice that all too often block the path to success before an idea is even off the ground.”
The competition has now closed and entrants chosen for the next stage will be published on the http://www.u18.me.uk/bad-idea/ website.
The competition partners are NSDesign and BLOOM Venture Catalyst and it is supported by Glasgow City Council, South Lanarkshire Council, Scottish Institute for Enterprise and Digital Enterprise Glasgow.
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