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RBS EnterprisingU is now open for entries...

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by Startacus Admin

Now in its’ second year, the RBS EnterprisingU enterprising ucompetition has just reopened and is seeking entries.

The ‘business plan’ competition is open to both current students and recent graduates of any UK universities who have an idea for a business. ‘Recent’ is defined as anyone who has graduated within the last 5 years.

The application process requires all entrants to complete two online forms which are effectively testing their concept or business idea through a series of questions. Referred to as the FIG viability tests, these forms will take a bit of time to complete and research and planning is a must. The good thing though is that they don’t have to be completed all at once . Applicants can complete the forms gradually and save their work as they go. Throughout this process questions and feedback can be sought from the FIG support team.

The competition is open for entries until 19th July 2013, after which the best ideas will be shortlisted and their creators will be invited to designated workshops with the sole purpose of refining their business ideas and developing their pitching skills.

From these workshops, up to 10 ideas will be selected and be invited to pitch to a room full of investors at the RBS EnterprisingU Final in September. The prize? A share of the £40,000 prize fund as well as additional investment.

If you’ve got a good idea and you’re eligible to enter for this, you really ought to. Even if you don’t end up as one of the winners, the entire application process itself would be of real benefit by providing you with real insight into business planning and helping you hone your ideas.

Why not give it a go? Enter now via the EnterprisingU site. And if you do? Best of luck!

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Published on: 22nd November 2012

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