Applied for the Young Entrepreneurs Challenge 2023 yet? Our Europe-wide competition in partnership with Verizon Business aims to discover the best of up and coming new business talent, and is officially open for applications!
Now in its fifth year, the dynamic competition uncovering new business minds is open for young people across Europe aged between 16-25 years old.
With a focus on technology, digital, sustainability and the environment, entrants will submit their tech-led start-up business concept online.
Five finalists will be chosen from the entries, and they’ll go head to head pitching their business idea, concept or start-up to a panel of expert judges at the Grand Final in the Spring.
The winner will claim a £10,000 (€11,000) Grand Prize, mentorship, and a technology package to launch their business.
In addition, they will also receive a ticket to attend the Global One Young World Summit in Belfast in October 2023.
“It’s hard to believe we’re now in our fifth year of the competition,” said Hayden Taylor, Managing Director of Unloc ”Year upon year we’ve seen the sheer quality and standard of entries from budding young entrepreneurs rise. Last year’s competition in particular attracted some truly outstanding young people, with amazing leadership and business skills, an exceptionally high standard.”
“We were absolutely blown away and had a really difficult time choosing an overall winner. I know we, and our partners Verizon are looking forward to seeing what talent from across Europe the competition attracts this year.”
To enter, entrants are asked to record a 60-90 second video, as well as completing an online application form outlining their business idea.
Applications will be judged based on their viability, technology innovation and sustainability.
The finalists will then compete head-to-head in a Grand Finale held in February 2023, pitching their business concept live to a panel of expert judges and invited guests representing both the worlds of business and education.
Winner of the Young Entrepreneur Challenge 2022 Nick Cotter
Nick Cotter of Cotter Agritech was crowned the winner of the 2022 Verizon/Unloc Young Entrepreneurs Challenge. Nick’s company, based in Limerick, Ireland, have a vision to dramatically reduce chemical use in agriculture while improving productivity and profitability.
Nick and his Brother Jack developed a system that uses advanced algorithms to enable livestock farmers to identify and target animals that need treatment with anti-parasitic drugs without blanket treating the entire flock or herd.
Nick’s triumphant victory won €11,000 for Cotter Agritech, funding, a business mentor package and entry to the 2022 One Young World Global Summit.
Nick said: “Enter, because the sooner you find out whether it’s a good or bad idea, the sooner you find the right idea, and the sooner you can have an impact and achieve your ambitions. It’s just a fabulous experience to be a part of.“
“Startups go through 6-7 life and death moments every year, and some even every month, so awards like this are of huge value in terms of being undeniable achievements that you can’t deny from yourself, and you can look at them and they will give you the confidence to go with the idea, and keep moving forward.”
“We have invested in the production of video testimonials with test farmers who used the solution in 2021, so the funding has been of huge immediate value in kickstarting our launch and accelerating uptake and adoption, and we’re very grateful to Unloc and Verizon for their support.”
Click here to read Nick’s full interview.
Click here to read more information about entering or apply!
About Unloc
Unloc was founded in 2013 by award-winning young leaders Hayden Taylor and Ben Dowling. The organisation’s mission is to empower young people to be innovative changemakers who seek to build stronger communities and sustainable businesses.
The organisation is focused on developing young people’s skills, enhancing their potential and boosting their determination to succeed. Unloc works towards achieving its mission by delivering inspiring educational programmes, including on entrepreneurship and self-employment, in our network of 100+ schools and colleges in the UK and beyond.
To find out more about Unloc and all our latest news visit: unloc.org.uk/news
About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $128.3 billion in 2020.
The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.
