Funding for Young People to Start their Own Business (UK)

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Launched, to coincide with Global Entrepreneurship Month, the TeenBiz scheme aims to provide teenage entrepreneurs with the tools needed to start their own enterprise. The objective is to help 100 young people to start their own business over the next three years. Each month two students will receive up to £500 of funding. One student per month must be a social entrepreneur (a business which makes money whilst their work helps other people). The funding can be used towards a wide range of start-up costs. In addition to the funding successful applicants will receive a mentor and a ‘Business in a Box’ startup pack including a virtual PA service, business cards and the loan of office space. TeenBiz is open to young people aged from 13 to 18-years-old. Applicants are reviewed by the TeenBiz team on a monthly basis and five short listed applicants are passed to the sponsor who will then choose the winners.
Applications can be made at any time. For information visit: http://www.teenbiz.org.uk/

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