The First Minister's Start Up Challenge

About

A six-month program designed to support young entrepreneurs in Scotland, offering mentorship, workshops, and funding opportunities to help transform their business ideas into successful ventures. Participants will engage in expert sessions, practical workshops, and entrepreneurial placements, culminating in a chance to win significant funding to grow their business.

Benefits

• 💰Grant Opportunities
  Participants can win a £500 grant to test their idea and apply for a £5,000 start-up award.
• 🎓Expert Mentorship
  Access to weekly expert sessions and practical workshops to enhance entrepreneurial skills.
• 🏢Entrepreneurial Placements
  Experience working alongside successful business owners in Scotland.
• 🌐Networking Opportunities
  Connect with a community of young entrepreneurs and industry experts.
• 📈Funding Support
  One outstanding participant will receive £30,000 in funding to grow their business for a year.

Eligibility Criteria

• Open to individuals aged 18-30 living in Scotland with the legal right to work
• Must have a business idea ready to launch within six months or have been trading for less than one year
• Applicant must own at least 50% of the business
• Must be committed to attending weekly workshops and monthly one-on-one sessions
• Must have considered the realities of running a business and seek support to make their idea a reality

Participation Commitments

• Must attend weekly workshops and monthly one-on-one sessions with the program team
• Must work independently on a business plan alongside program activities
• Must be prepared to participate in monthly mini-challenges
• Must confirm eligibility and ensure the business idea aligns with the program's criteria

Target Sector

Focused on business innovation and entrepreneurship

Target Location

Open to young entrepreneurs in Scotland