The Gorsedd of Dragons Competition is based on the popular television series, Dragons' Den. It invites entrepreneurs to put forward business propositions to a panel of Welsh 'dragons' in a battle for investment and professional business advice.
The aim of the competition is to support new business ideas (start-ups) and existing new businesses that have a chance of succeeding and demonstrate the entrepreneurial spirit of the people of Wales during a difficult economic climate.
Prize money of up to £7,000 is available to be allocated as the judges see fit. This year's competition offers two prizes - £5,000 for the winner to help establish or develop the business idea and an additional prize of £2,000 for the company making innovative use of the Welsh language or bilingualism. Professional business advice will also be provided to help turn ideas into reality.
The competition is open to Welsh speakers who wish to live and work in Wales. Any sort of business idea, invention, product or service is eligible. Entries may come from individuals, partnerships or groups of people - but there must be one named contact person.
Entries may be from new businesses established during the last five years or from those that have yet to be established.
The closing date for entries to the 2011 competition is 18 July 2011.
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