Following on from the success of last year’s initiative, Unltd have once again committed to the Big Venture Challenge, to help would be social entrepreneurs get the necessary capital to realise their ideas fully as well as to help them scale their projects or ventures.
The criteria for entry is pretty straightforward. All submitted ideas must: - provide an innovative and scalable solution to a particular social problem or cause in England - be less than 5 years old and have a proven performance so far or a detailed plan for future performance and growth - have a revenue model that is both scalable and sustainable in nature It’s also essential that there’s both a need and requirement to raise between £50-£250k in investment over the programme period for ideas to fully be realised
If you’re lucky enough to be selected to take part, there’s a pretty intensive 12 month programme ahead of you, with the specific underlying aim of helping you raise the external investment you need to get your project properly up and running. Participants will be provided with invaluable business support and mentoring, as well as all the tools and resources needed to help them raise finance and get that all important investment. Add to that the extensive networking opportunities that will be provided and it’s clear to see why this is a pretty special prize.
There are a couple of weeks yet before entries officially open - so if you are interested, put the 8th January in your diary now! In the meantime, you can check out all the finer details of the programme on the Unltd site as well as having a look at all the participants from last year’s scheme and with investments totalling £1.8 million, it was certainly a successful one.
If you do decide to enter, the very best of luck! We’ll keep our eyes peeled and report back on the chosen ones!