TestTown is a Carnegie UK competition, developed following Carnegie's research into youth enterprise and urban regeneration. The research showed that having an experience of taking part in entrepreneurial activities makes young people more likely to consider starting their own business.
The purpose of the competition is to inspire an enterprising outlook in young people, civic and community organisations. It also aims to showcase the unique contribution younger people can make to combat the challenges of town centre decline, and the need for government and business to work more closely with young people and entrepreneurs in ‘rethinking towns’.
Individuals and teams of up to six people, aged between 16 and 30 and living in the UK, may apply. Teams can grow from school, university or college environments, training schemes, charities or clubs, or just groups of friends.
Participants are encouraged to submit an innovative idea for a business that will reinvigorate their local town centre, improve the community, increase employment and boost the economy.
The winning individual or team with a £10,000 cash prize. There will also be cash prizes for two runners-up. Those submitting the best ideas will benefit from four weeks’ support to help develop their ideas. The funding can be used to design and trial these ideas and innovations on a real high street in 2013.
The deadline for receipt of applications is 3 May 2013.
(This report was the subject of a GRANTfinder Newsflash.)
(source: Grantfinder)
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