City Lit Blog

Submit your bold business ideas for the Mayor of London Entrepreneur Prize

Story added 17th Jan 2018

Mayor of London, Sadiq Khan, meeting Entrepreneur prize entrants.

Entries are now open for the Mayor of London's Entrepreneur Prize

The Mayor of London runs an annual competition where students from colleges and universities all over London are challenged to come up with sustainable business ideas to help make London a better place to live and work in.

How does it work? Students enter their business ideas, (absolutely any idea and all ideas welcome),which will be judged by a panel of expert judges. The top ten will then pitch their ideas, Dragon’s Den style, to a panel of celebrity judges at City Hall. The winner receives £20,000 and expert advice from City Hall in order to bring their idea to life.

By applying, you will gain valuable experience and skills that can help improve future employability, and you also have a chance to make a real difference to the way we live. In 2012 a student from UCL, Arthur Kay, won the competition for his idea Bio-bean which is now worth several million pounds and employs 50 people. You may have seen on the news last month that Bio-Bean has just signed a contract with TfL to power buses with bio-diesel made from coffee grounds in London.

Additionally, there is one more free workshop at City Hall which are being offered to all students. These are a great opportunity to learn more about the competition, develop or come up with a business idea, get feedback on your ideas, network with like-minded students from universities across London and hear from past winners and finalists. The workshop is on Wednesday the 17th of January

To find out more about the competition and to apply/register interest have a look at the website or join the Facebook Group

Ideas can be entered any time up to 18 February 2018.

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