Funded by telecoms provider Orange, the newly-launched Orange Different Business Competition has been set up to help entrepreneurs make their 'different' business idea come to fruition.
Entrants may have an idea for a new product or service, or just a fresh business approach that makes them stand out in the marketplace. The judges, who include some of the UK's most successful business leaders, are looking for 'the brightest and freshest ideas'; in particular:
- a business or project that is different;
- a different approach to running a business;
- a robust business model;
- a clear strategy for the project/business;
- evidence of a market for the project/business;
- a pitch that demonstrates the applicant has the necessary skills to succeed; and
- an idea that is worth funding and could be the UK's next 'different' business.
The following support package comprises advice and investment worth £200,000 delivered over the course of one year to help the business on the road to success:
- Business planning advice and mentoring from Kingston Smith.
- Mobile communications devices and plans from Orange.
- Marketing consultancy from Publicis Chemistry.
- Legal advice from Lewis Silkin.
- Investment capital.
The advisory support and investment capital can be used to help the winner plan and commence operations for their new business.
Only one entry per person can be submitted. Entry is open to residents of the United Kingdom aged 18 and over at the time of entry, whose actual or proposed business trading address is in the United Kingdom.
The deadline for receipt of applications is midnight on 31 March 2012.
(Source: Grantfinder)
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