The RBS EnterprisingU competition has launched, with £40,000 worth of prizes!
The competition, created by Find Invest Grow and sponsored by RBS Group and LinkedIn, offers a unique online platform for students to “road-test” their business ideas, while building the framework for a professional business plan at the same time.
It is open to students and graduates of the past 5 years: they don’t have to be economics grads with business experience – anyone can enter. The platform enables students to explore the viability of their business idea, by asking the right questions and building the appropriate framework.
Investors will be reviewing and judging entrants to decide on the 20 semi-finalists who will be selected to attend the training workshops. The 10 finalists will be pitching their business ideas to a room full of investors, with the chance of winning prizes of £25,000, £10,000, and £5,000.
The competition is now open, at: http://www.rbsenterprisingu.com
Encourage your students / recent graduates to apply!
The deadline for completed entrants is midnight on the 15th June 2012.
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Finally the RBS is putting some of its money to good use rather than throwing it all away on bonuses. With so few jobs these days for graduates it is vital that we encourage anyone with a business idea to have a go and support them throughout the first few years. My only concern is that with only £40,000 in prize money would they not have been better giving £5000 to 8 great ideas rather than only supporting 3.