What is the Formation Zone Business Challenge?
The Challenge is a business plan competition brought to you by the award-winning business start-up service Formation Zone. It's an annual competition that helps you gain knowledge and expertise to develop your innovative business idea.
There are seven different categories - creative, high-tech, engineering, health, games, 3-D Product Design, and environment – so there is something for everybody. Innovative business ideas aim to create a product or service that is new or improved in order to satisfy a customer need. Previous challenge prize winners include ideas for environmentally- friendly cat products and a student delivery service.
Why should I enter?
We understand that developing an idea into a business plan can be daunting. That is why you will have access to free workshops, one-to-one sessions and expert support and advice before submitting your business plan. The challenge will give you the skills and knowledge you need to develop your idea and start your own business. It is not just about picking winners, everyone gets constructive feedback and advice on where to go next.
Winners of each category in the Formation Zone Business Challenge will receive £650 cash and a six-month Formation Zone package, with the overall winner getting an extra £1,000! At the end of the academic year, our winners will take their place in the award-winning Formation Zone where they will have access to the advice and expertise they need to help them make their business a success.