Young Entrepreneurs Invited to Apply for 2019 Varsity Pitch Competition

Posted: 3rd July 2019

Location: Town Centre

Closing: 26th July 2019

More information

The Varsity Pitch Competition rewards UK students and recent graduate entrepreneurs who have enterprising ideas that they wish to turn into viable businesses; enabling participants to showcase their unique, creative ideas to the wider community.

The business/idea must be the entrants’ own idea and/or an idea that they are free to disclose. Additionally, entrants must be able to own and run a business or social enterprise in the UK and be at least 16 years of age.

The award categories are as follows:

TATA Disruptive Business - for businesses where the product or service is making improvements to the market in unexpected ways.
TATA Social Impact - for businesses that are ethically conscious.
Genuine Innovation - for those who can demonstrate unique ideas and ways of doing things.
Creative & Design - for those who are involved in the creative industries.
Digital and Technical - to support digital business ideas such as apps, hardware or online products.
Ideas - for those with a brand new idea that has the potential to be the next "big thing".
Entrants must be either a current student at a UK university or college or an individual who has graduated after 2014.

Category semi-finals will take place later in the year, with businesses from each category being chosen to present a two minute pitch to a panel of mentors. The final will take place during Global Entrepreneurship Week in November and the winner will receive £15,000 for their start-up.

The closing date for applications is Friday 26 July 2019.

Fund Information
Funding body:
National Association of College and University Entrepreneurs (NACUE)
Maximum value:
£ 15,000
Application deadline:
26/07/2019
Background
The Varsity Pitch Competition administered by the National Association of College and University Entrepreneurs (NACUE) in partnership with Tata. NACUE is a grassroots charity that stimulates enterprise by supporting enterprise societies, enterprising students and student entrepreneurs in colleges and universities across the UK. Tata is a worldwide business support organisation that operates a commitment to social activities.

Media partners include the Guardian, the BBC, the Huffington Post and the Daily Telegraph.

Objectives of Fund
The Varsity Pitch Competition is designed to reward UK students and recent graduate entrepreneurs who have enterprising ideas that they wish to turn into viable businesses. The scheme enables participants to showcase their unique, innovative and creative ideas to the wider community.

Value Notes
The winner will receive £15,000 for their start-up.

Match Funding Restrictions
Match funding is not a stipulated requirement of this programme.

Who Can Apply
Entrants must be either a current student at a UK university or college or an individual who has graduated after 2014.

The business/idea must be the entrants’ own idea and/or an idea that they are free to disclose. Additionally, entrants must be able to own and run a business or social enterprise in the UK and be at least 16 years of age.

Applicants may be running a business/social enterprise or may have a business idea that could be "the next big thing".

Location
United Kingdom.

Terms and Conditions
The competition will be judged against the following criteria:

Innovation - How innovative is the product/service or the entrant’s delivery of it?
Market Opportunity - Has the entrant spotted a gap in the market or a segment of the market that's been let down in the past?
Financial Viability - Has the entrant demonstrated how they will turn their idea into a viable and sustainable business?
Those entering the Social Impact category should attempt to demonstrate the social impact that the business has (or will have) and how the entrant intends to measure this.

Full terms and conditions will be provided upon application.

Restrictions
If the submitted video cannot be accessed by the judging panel then the application will not be considered.

Eligible Expenditure
The funds are intended to be used by the winners to help towards the costs associated with starting up in business.

Award Categories
Award Categories for are:

TATA Disruptive Business - This category is for businesses where the product or service is making improvements to the market in unexpected ways.
TATA Social Impact - This category is for businesses that are ethically conscious.
Genuine Innovation - This category is intended for those who can demonstrate unique ideas and ways of doing things.
Creative & Design - This category is intended for those who are involved in the creative industries.
Digital and Technical - This category is intended to support digital business ideas such as apps, hardware or online products.
Ideas - This category is intended for those with a brand new idea that has the potential to be the next "big thing".
How To Apply
The closing date for applications is Friday 26 July 2019.

Entries are invited under seven unique categories, via the submission of a 60 second video outlining the business idea. The videos will be judged by experts to find a shortlist. Fololowing this, the Lloyd's People's Vote will open for all supporters to vote for applications.

The final will take place during Global Entrepreneurship Week.

https://nacue.com/events/tata-varsity-pitch-competition.html
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