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Converge Challenge offers £150,000 in prizes

Converge ChallengeThe search for the next generation of entrepreneurs from Scotland’s academic community has been launched today. 

Over five years the Converge Challenge has enabled 240 emerging entrepreneurs to form 62 companies and secure more than £39 million of follow-on funding.

This year’s prize pot for successful applicants is more than £150,000 with a comprehensive business support package available from selected partner organisations.

They will also gain eligibility to the EIE pitching event next year and back-up support from the Royal Bank of Scotland and Firstport, Scotland’s development agency for start-up social entrepreneurs and social enterprise.  

Olga Kozlova, director of Converge Challenge, said: “This year every Scottish university is tasked with uncovering the next big idea and as a female entrepreneur I would like to encourage more women to apply in 2017.

“Following an increase in applicants for both the KickStart and Social Enterprise award categories both prize funds have been increased to £10,000 encouraging entrepreneurship at every stage.” 

In 2016, MindMate and MicroSense Technologies were announced as joint winners of the main Converge Challenge award.

Photo: L – R: Erika Grant, David Harris-Birtill, Chris Hughes, Victoria Hamilton, Rogelio Arellano and Anne Rushing

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