Grand Incentive For Young Entrepreneurs
Management Today Magazine:
Most people would probably agree that it’s not the easiest time to start a business. Even in the good times, many new ventures fail to get off the ground – but with a backdrop of the gloomiest economic climate for decades, you could forgive budding entrepreneurs for thinking that this might not be the best time to try and strike out. So Shell wants to improve their odds: the oil company is offering up to five monthly cash prizes of £1,000 to young people aged 16-30 who have a big new idea – and are brave enough to try and make it work in 2009…
Shell is offering the prize through its LiveWIRE programme, a young enterprise scheme that’s been running for over 25 years. All in all, there’s a pot of £70,000 up for grabs in the coming year: £60,000 in monthly prizes, and another £10,000 for the winner of the annual Shell LiveWIRE Young Entrepreneur of the Year competition. Shell’s argument is that the economic gloom actually makes it more important than ever to encourage budding entrepreneurs – because their success can help drag the UK out of recession. ‘They can be creators of jobs, prosperity and the innovations of tomorrow,’ says Shell’s UK chairman James Smith. More here.
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