Businesses established through Converge Challenge have, to date, created 175 new jobs. This success can be attributed to its comprehensive business training programme delivered by an expert team that focuses on developing the key skills required to create a company. Participants and winners also receive advice and expertise from leading partner organisations on services that include: legal, finance, branding, product development and recruitment as well as networking and mentoring opportunities.
In 2017, the total prize fund is valued at over £150,000. In addition to a cash prize, winning projects receive a comprehensive business support package from selected partner organisations.
Between 2011-2015, the initiative has trained 240 emerging entrepreneurs that have formed 62 Converge companies and secured over £39 million of follow-on funding. Converge Challenge cements its position as the leading opportunity for Scotland’s university based entrepreneurs as 4 out of 5 Converge companies have secured follow-on funding and 80% are still trading after three years.
Application accepted until the 10th April 2017. The awards ceremony will be held in September 2017. To enter, click here.