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The Young Innovators Challenge at GCU

21/02/2013

young innovators chall

What is It?

The Young Innovators Challenge is a competition aimed at finding Scotland’s innovators of tomorrow. It will provide Scotland’s 18 – 24 year olds in training, further and higher education with the opportunity to turn their innovative ideas into a reality. Participation in the process will provide opportunities to develop business and entrepreneurial skills as well as gain an understanding of how to set up and run a business.

A number of industry related challenges will be announced shortly.  Scotland’s young people will then be tasked with creating and designing innovative solutions to these challenges.  Finalists will be invited to pitch their ideas to a panel of industry and business experts for the chance to win up to £50k and a year of business support.

Six industry related challenges will be announced at the Challenge Labs in February. Scotland’s young people will then be tasked with creating and designing innovative solutions to these challenges.  Finalists will be invited to pitch their ideas to a panel of industry and business experts for the chance to win up to £50,000 to take their idea forward and will also receive a year of business support.

There will be six categories for the competition, with one challenge per category. The categories are:

  • Oil & Gas
  • Renewable Energy
  • Built Environment
  • Textile
  • Food and Drink
  • General

What can I win?

The winning entries will receive a cash prize of up to £50,000 to be used to support the development of their idea over the period of one year. They will also receive a year’s worth of support from a business advisor to help them take their idea forward, as well as input from Scotland’s enterprise agencies and industry representatives.   All participants will benefit from professional support and guidance on innovation and entrepreneurship.  Finalists will benefit from an additional three day residential opportunity to help develop their ideas further as well as their negotiating and business pitching skills.

Who is it for?

The prize will be open to 18 – 24 year olds who are about to finish their college or university course as well as those participating in national training programmes.

Do I have to enter myself or can I enter with friends?

The competition will be open to individuals entries and entries from teams of up to three people

 HOW DO I APPLY?

  • FIRST, CHECK YOU ARE ELIGIBLE
  • NEXT, SUBMIT AN ONLINE APPLICATION detailing your business idea – CLICK HERE FOR DETAILS.
  • The application is in two parts. If you complete section 1 by 8th April, 2013 you will be guaranteed access to a business advisor who will help you with the next stage.
  • Final deadline (sections 1 & 2): 31st May 2013

SIGN UP TO OUR YIC MAILING LIST TO KEEP UP TO DATE – CLICK HERE! You’ll receive regular e-news updates on the competition, tips and advice.

WANT SOME HELP TO COME UP WITH AN IDEA? Register for our Challenge Labs – CLICK HERE!

Remaining Challenge Lab dates:

  • 23rd Feb: Glasgow at Glasgow Caledonian University, 10am – 2pm
  • For any general enquiries about the Young Innovators Challenge please contact:
    Email: YIC@sie.ac.uk
    Telephone: 0141 330 8793

YIC Facebook page
Twitter: @YIC2013

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