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HomeCALL FOR APPLICATIONVerizon and Unloc Young Entrepreneurs Challenge 2024 (Cash Prizes)

Verizon and Unloc Young Entrepreneurs Challenge 2024 (Cash Prizes)

Verizon and Unloc Young Entrepreneurs Challenge 2024 – Could your business idea change the world? Here’s your chance to prove it. Want to get noticed, put your ideas into action and make your mark?

The Young Entrepreneurs Challenge—brought to you by Verizon and Unloc—is an annual event centred around finding the best young talent across Europe.

If you’re 16–25 and have a fresh and innovative tech-led idea, The Young Entrepreneurs Challenge could help you get your business off the ground—or if you’ve already launched, boost it to the next level.

The judging criteria

Applications will be judged on three key factors:

Is it innovative?

  • Is the idea unique?
  • Does it have a clear unique selling point?
  • Is the technology solving the problem in a creative way or filling a gap in the market?

Does it improve sustainability?

  • Will the venture improve people’s lives?
  • Will it meet social or community needs in a new way?
  • Does it meet or sustain a UN Sustainable Development Goal (SDG)?

Is it viable?

  • Can the plan achieve what it states it will do?
  • Does it operate within the budget/ resources currently held or will acquire?
  • Is the idea investment ready?
  • How will you use the funding if successful?

How to Apply for Verizon and Unloc Young Entrepreneurs Challenge 2024 

Requirements

Applying is easy:

  • Simply record a short video  (at least 60 seconds but no more than 90 seconds)
  • Remember to explain how your idea meets the three criteria
  • Hit the “Apply now” button
  • Fill out the application form and submit your video

Then sit tight. Finalists will be announced in early February 2024

Eligibility

Applicants must be:

  • Between the ages of 16 and 25 years on 1 February 2024
  • Residents and/or citizens of the U.K. or the continent of Europe
  • Immediate family members of the judging panel are not eligible to apply
  • Previous entrants are welcome to re-enter, but previous finalists are not eligible
Business proposals must:

  • Be legal in all mainland European countries
  • Not have the purpose of political lobbying
  • Be the applicant’s own idea
  • Not infringe on the copyright, patent or intellectual property of others
  • Be submitted in English (both written and video)
Businesses must be either:

  • Pre-start (not yet trading)
  • No more than three years old and have had an annual turnover of less than £100,000 (120,000€) in its most recent financial year.

For more Information: Visit the website for the Young Entrepreneurs Challenge 2024

Israel Wellington Jeremiah
Israel Wellington Jeremiah
I work to provide access to global experiences to all through educational opportunities like scholarships, training and conferences, fellowships, grants and awards, jobs, internships , learnerships and volunteer programs.
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