Lloyds Enterprise Awards: 50k for Student Business Owners

Lloyds Enterprise AwardsStudents and graduates running innovative small businesses have been called on to enter the Lloyds Enterprise Awards, so they can be in with the chance of winning a £50,000 prize.

The awards are open to anyone aged 18 or over who has been running a business for more than a year, and is either currently a student or has graduated in the past five years.

Business owners can compete in two categories ― Best Start-up and Best Enterprise.

Eight regional heats will be held for each award, the winners of which will receive £1,000 and £5,000 respectively, alongside mentoring and business support.

One national winner will then be selected in each of the two categories, with the start-up winner receiving £10,000 and the enterprise winner £50,000. Competition judges will include Kanal Ahmed, business editor at The Sunday Telegraph and James Murray-Wells, founder of Glasses Direct.

“Our universities are home to thousands of entrepreneurs and we are seeing more and more students and graduates establishing their own businesses.”

said Lloyds TSB commercial group director John Maltby.

“We know there is an incredible amount of undiscovered entrepreneurial talent among the student and graduate population,” he added. “We want to make sure that through these awards these businesses are not only recognised, but given the true support they need to fulfil their potential.”

The deadline for entries is 30 January 2012.

Main points of the Lloyds Enterprise Awards:

  • An overall cash investment of £50,000 to the national best enterprise
  • Cash investment prizes of up to £5,000 in the initial heats
  • Enhanced mentoring support packages at regional and national level
  • Business networking and promotional opportunities.

You enter the Lloyds Enterprise Awards if:

  • You founded, or co-founded, your own business,
  • You are either currently a student, or you have graduated in the past five years,
  • You are 18 years of age or over,
  • Your business is based in England, Scotland or Wales,
  • Your business has been trading for more than one year.

So what’s holding you up?

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