The ‘Elevating Ideas’ business competition is awarding £50,000 in non-dilutive funding to start-ups and innovative ideas across all fields to elevate the next generation of entrepreneurs (figure from 2018 competition). It’s aimed at anyone who can showcase their initiative and prove that it’s promising and sustainable. Applicants are not judged on level of experience but on growth potential, scalability and feasibility. And, most importantly, WorldLabs does not take any ownership of your idea.
The competition is being run by WordLabs, a digital platform that supports and connects innovators (entrepreneurs) with funding and collaboration opportunities. The company’s ethos is to keep entrepreneurial ideas with potential from falling by the wayside. They’re on a mission to empower and elevate promising initiatives, thousands of people have already signed up to WorldLabs to be scouted by and connect with investors on the platform. For further details on the competition and to apply, read below.
How to apply?
You can create an account on the platform to showcase your project and to apply to the Elevating Ideas competition. Early applications are encouraged, as projects are selected on a rolling basis, and investors and collaborators may get in touch with applicants at any point.
Worried about sharing your idea? Of course, nobody wants their ideas to be stolen but at the same time, Entrepreneurship 101 teaches us that if we keep our idea to ourselves it will never grow. Only by discussing our idea with others can we receive the necessary feedback, advice and help to take it to another level.
WorldLabs encourages applicants to share enough information so that others may discover and contact them should they wish to start a conversation to learn more, collaborate or invest in them. All confidential information can be mentioned in a separate questionnaire only seen by the judges.