Verizon/Unloc Young Entrepreneurs Challenge

Opportunity Detail

  • Language Requirement Not required
  • Level Nondegree
  • Eligible Region/Countries
    European Countries
  • Medium of Instruction English
  • Opportunity ID 23352
  • Funding Type Fully Funded

Opportunity Description

Do you have a great business idea or concept? If you are between the ages of 16 and 25 and have a new and innovative technology-led business idea or have already started one, apply for the Verizon/Unloc Young Entrepreneurs Challenge! The Verizon Business and Unloc Young Entrepreneurs Challenge is an annual event that seeks the best young minds from across Europe, young people with vision, social awareness, and the drive to succeed. With the event now in its 4th year, there has never been a better time to put your ideas into action and achieve success.

Organizers: Verizon and Unloc
Application Deadline: January 21, 2022
Finalists announcement: February 1, 2022
Grand Final: End of February

  • Funding of £10,000/€11,000* to start your business
  • A mentorship package to help your idea move forward.
  • Finalist runners-up will receive £1,000 in funding for their new business.
  • Ticket to the Global One Young World 2022 Tokyo Summit in Japan
Who is eligible for Verizon/Unloc Young Entrepreneurs Challenge :
  • Individuals between the ages of 16 and 25 on February 1, 2022
  • Residents or citizens of a country on the European continent
  • Business proposals must meet the following criteria:
  • Be legal in all countries on the European continent
  • Be either a start-up (not yet in business) or have been in business for less than 3 years with an annual turnover of less than £100,000 on February 1, 2022.
  • Not be used for political lobbying
  • The applicant’s idea must be original and must not infringe on copyright, patent, or intellectual property.
  • Members of the judging panel’s immediate families are not eligible to apply.
  • Previous entrants who participated in the Grand Final are ineligible to apply.
Competition Criteria:
  • Viability 
  • Is it possible for the plan to accomplish what it promises?
  • Is it operating within the budget/resources it currently has, or will it acquire?
  • Is the concept ready for investment? How will you use the funds if you are successful?
  • Tech innovation
  • Is the idea original?
  • Is there an obvious differentiating factor?
  • Is the technology creatively solving the problem or filling a market gap?
  • Sustainability
  • Will the venture make people’s lives better?
  • Will it provide a new way to meet social or community needs?
  • Does it contribute to or support a UN Sustainable Development Goal (SDG)?
How to apply for Verizon/Unloc Young Entrepreneurs Challenge?

Record a short video of yourself that is at least 60 seconds long and no more than 90 seconds long, explaining how your idea meets the three criteria; complete the application form and upload your video.

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Refer to the official link to read more about the challenge

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