CALLING ALL BUDDING YOUNG ENTREPRENEURS – ONE MONTH LEFT TO ENTER THE EDGE CHALLENGE

29 August 2014

If you are current or former student of Gloucestershire College aged 16-25, with a great idea for a business or social enterprise that you’d love to put into practice if only you had the start-up funding – then you have one month left to enter the Edge Challenge 2014.

The Edge Foundation has teamed up with the Peter Jones Enterprise Academy and Gazelle Colleges Group to find the country’s brightest young entrepreneurs.  There is exactly one month left to get involved, with registration closing at midnight on Friday 26th September, 2014.  Entrants then have until midnight on Wednesday, 1st October to complete their application.

The Edge Challenge, now in its second year, is open to past and present students of any FE or Sixth Form college – who have taken (or are undertaking) a course of technical, practical or vocational education and have a bright and innovative business idea.  Entrants must be between the ages of 16 and 25.

There are prizes available for individual entrants and also, new for this year, is a team challenge for groups of up to five people. The individual winner will receive £3,000 to develop their start up, along with the support of a top mentor for six months.  2nd and 3rd prizes of £1,250 and £750 will also be awarded.  The top team will receive £5,000 to help develop their business proposal.

To enter this exciting competition, you must set out your innovative and viable business idea - including a financial and marketing strategy - and following shortlisting, candidates will be asked to present their plans to a panel in London. The top three individual entrants and top two teams will then have the opportunity to showcase their ideas at The Skills Show, taking place at the NEC in Birmingham from November 13-15th.

 Last year’s winner, Vikesh Mistry (21) from Leicester, impressed the judges with his idea for a specific search engine for driving instructors. He is now developing his business with help from a mentor and his £3000 prize fund. He says:

 “Winning the Edge Challenge has given my company a phenomenal boost.  It has been a busy few months working full time on the business but Instructor Engine has gone from strength to strength and I’m really excited to launch the site officially later this year.”

 To find out more and register to receive an application pack, visit the website http://www.edge.co.uk/projects/edgechallenge

 

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