The Prince’s Trust has partnered with Innovate UK, the Government’s innovation support organisation, to launch #IdeasMeanBusiness, a programme aimed at finding the next generation of UK innovators.
Through the Enterprise Online programme the Trust will be able to give young entrepreneurs access to mentors, funding and business tools that can help find the business potential in their ideas. There is also the opportunity to access content on innovation, and to find out more about taking part in Innovate UK’s Young Innovators’ programme.
Potential candidates should start by clicking on the link to check if they are eligible for the Enterprise Online programme.
12 Regional Innovation Live events across the UK will launch in early January 2018, the competition will open in February 2018 and the award package will be presented in March 2018. The award package will include:
- An allowance to cover living costs (similar to an apprenticeship)
- 1:1 coaching and mentoring from an Innovation Champion
- A pot of funding to support specific requirements, e.g. travel to meet customers/partners, attending relevant training courses, equipment, hiring office space and IT support
For those who don’t win an award package, they will still have access to the Innovation Module and support offered by Enterprise Online.
Youth charity The Prince’s Trust helps disadvantaged young people to get their lives on track. It supports 11 to 30 year-olds who are unemployed and those struggling at school and at risk of exclusion.
Many of the young people helped by The Trust are in or leaving care, facing issues such as homelessness or mental health problems, or have been in
trouble with the law. The Trust’s programmes give vulnerable young people the practical and financial support needed to stabilise their lives, helping develop self-esteem and skills for work. Three in four young people supported by The Prince’s Trust move into work, education or training.
The Prince of Wales’s charity has helped 825,000 young people since 1976 and supports over 100 more each day. Independent research by NEF Consulting has found that The Trust has returned £1.4 billion in value to society through its work with disadvantaged young people over the last 10 years alone. The calculation takes into account the return on investment of getting young people off benefits, reducing offending and re-offending, and helping young people to achieve at school.
Further information about The Prince’s Trust is available at princes-trust.org.uk or on 0800 842 842.