Unloc and Verizon Launch the Younger Entrepreneurs Problem 2023 In Europe

Unloc and Verizon Enterprise have launched the annual Younger Entrepreneurs Problem for 2023. Now in its sixth yr, the problem is open to European entrepreneurs aged between 16-25 years previous, who can submit their technology-led start-up enterprise idea on-line.

The winner will obtain £10,000, mentorship and a know-how package deal to launch their enterprise. As well as, they may even obtain a ticket to attend the International One Younger World 2024 Montréal Summit.

This annual European entrepreneurship competitors for younger individuals goals to encourage and appeal to the dynamic new enterprise leaders of tomorrow.

“Yearly the Younger Entrepreneurs Problem uncovers superb younger expertise from throughout Europe and it’s a privilege to find a way assist encourage and assist tomorrow’s innovators” stated Sanjiv Gossain, Common Supervisor and Head of EMEA for Verizon Enterprise. “It’s inspiring and reassuring to see youthful and brilliant minds give attention to constructing companies that may sort out social, group and sustainability points.”

“This yr’s competitors is gearing as much as be our largest and greatest but, and we’re so excited to see the concepts of younger individuals from throughout Europe as they sort out necessary world points corresponding to local weather change, sustainability and the well being sector,” stated Hayden Taylor, Managing Director of Unloc.

“Yearly we’re so impressed with the enterprise minds of younger entrepreneurs, and this yr there’s much more alternative for entrants with an awesome concept that wants nurturing, in addition to these with a extra developed plan. Final yr’s winner, Olivia Simpson, completely blew us away along with her foresight and imaginative and prescient for a medical business that’s acutely aware of the supplies it makes use of, and her thought to interchange single use plastics with compostable alternate options. We can’t wait to see what innovation younger changemakers envision this yr.”

To enter, entrants are requested to file a 60-90 second video, in addition to finishing a web-based utility kind outlining their enterprise thought.

Purposes shall be judged based mostly on their viability, know-how innovation and sustainability.

Finalists will then compete head-to-head in a grand finale held in February 2024, pitching their enterprise idea stay to a panel of professional judges and invited visitors representing each the worlds of enterprise and schooling.

Winner of the Younger Entrepreneur Problem 2022 – Olivia Simpson

Final yr’s winner was the inspirational 21 yr previous Olivia Simpson (pictured). Her start-up SymbioTex is creating single use plastics for the medical business corresponding to inhalers, COVID exams and being pregnant exams which can be dwelling compostable. At present these kinds of units are made from non-renewable supplies and on the finish of their life go to landfill or incineration – creating dangerous byproducts corresponding to microplastics.

Olivia goals to licence their know-how to present medical system producers, one thing that will rework the medical sector and its sustainability. Symbiotex at the moment are working carefully with the NHS and making nice strides, a real testimony of the younger expertise that the Younger Entrepreneurs Problem helps uncover. Olivia has some recommendation for anybody pondering of making use of:

“I’d urge anybody who’s contemplating getting into to not simply think about. Apply! Being within the ultimate was an enormous alternative for us and our idea. The Unloc workforce had been extremely supportive, each within the run as much as the day and on the day itself.  All of the Unloc workers went above and past and had been extremely pleasant and supportive, they made me really feel actually ready. By no means have I felt so empowered at a contest by the opposite finalists and the workers – it actually was an awesome day. My prime tip can be to get your ardour throughout. You by no means know the following winner could possibly be you.”