Young Innovators Awards
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Thursday 1 July 2021 - 14:53
Young people can apply for an award to make their business idea a reality, which includes a grant for £5000, a living allowance, and tailored business support.
Innovate UK, part of UK Research and Innovation, will invest up to £460,000 in young innovators with this competition.
The aim of this competition is to find young people (aged between 18-30) with great business ideas who have the potential to become future leaders in innovation and successful entrepreneurs.
Projects must:
- address a problem
- be innovative
- be significantly better than what is currently on offer including from existing businesses
As an award holder you will receive:
- tailored business support including but not limited to; media and communications, for example, branding, business planning strategy, confidence, growing your networks; funding and finance options, for example, introductions to investors and pitch training, financial planning
- a grant of £5,000 to cover eligible project costs, including travel to meet customers and partners, attending relevant training courses, equipment, hiring office space and IT support
- a living allowance grant for 2 days (15 hours) per week throughout the duration of the award at an hourly rate matching the UK real living wage
For full details, visit the Innovation Funding Service webpages.