A new Young Entrepreneurs' Competition organised by Richmond Council will net one enterprising young resident a £1,500 prize for the most successful business idea.
The competition, launched as part of Global Entrepreneurs Week, is open to all 18-24 year olds of the borough.
A press release from Richmond Borough Council gave the following info:
"A new report by the Prince’s Trust and RBS shows 41 per cent of 18-30 year olds aspire to set up in business, and 78 per cent of them have already got an idea. However, half of all would-be entrepreneurs have not yet taken any action to put their thoughts into practice. The Mayor of London’s new Economic Development Strategy also highlights developing entrepreneurs as a key objective."
It's a great reason to make ideas into serious plans, and finalists get a free training master class to hone those ideas further.
Simply submit an outline of the business idea - successful entrants then create a business plan (assistance is available) and present their idea to a Dragon's Den style panel of local business experts.
"The winning idea chosen by the ‘Dragons’ will be given a £1,500 start-up grant to put their ideas into action and will also win a free place on a business course at a college, worth hundreds of pounds.
The competition is being run by Richmond Council, with support from partners including Richmond upon Thames Chamber of Commerce, Richmond Adult Community College, Richmond upon Thames College, Richmond Business Education Partnership, Young Enterprise London and Business Link London."
The deadline for submissions is 29 January 2010.
Silas Van Der Bas
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Silas Van Der Bas is a freelance writer and photographer with The Little White Studio.