An initiative to help young people from disadvantaged and under-represented backgrounds in Scotland to start a business has opened for applications.
First announced in January, the First Minister’s Start Up Challenge will select 20 participants aged 18-30 for a six-month “accelerated entrepreneurial apprenticeship”, which includes a £500 “test your business” grant, and another £5,000 for those ready to launch a company.
One overall winner will be given £30,000 in funding.
First minister John Swinney:
“Young people should be supported to make the most of their talents and ambitions, helping create a better future. Supporting young people to take the first steps in business is an important way to help them realise their potential, while also boosting the economy.
“The First Minister’s Start Up Challenge will support a new generation of entrepreneurs across the country. I would encourage anyone with an innovative business idea to apply now for the chance to join the first cohort and benefit from the tailored support and grant funding this programme will offer.”
Applications are open until 24 June here.