Unloc and Verizon Business have announced the launch of the 2025 Young Entrepreneurs Challenge, an annual competition designed to uncover Europe’s brightest young entrepreneurial talent.

Open to 16-25 year-olds from across Europe, the challenge invites participants to submit technology-driven business ideas for a chance to win £10,000, expert mentorship, and a technology package to help launch their startup. The winner will also receive a ticket to the prestigious Global One Young World 2025 Summit in Munich.

Now in its seventh year, the challenge aims to inspire and support the next generation of business leaders. Finalists will present their concepts live to a panel of judges at the grand finale in March 2025. Applications are judged on criteria including business viability, technological innovation, and sustainability.

Sanjiv Gossain, General Manager and Head of EMEA for Verizon Business, emphasised the importance of helping young entrepreneurs bring their ideas to life. “Young talent in Europe often struggles to access the necessary funding and mentorship to turn their ideas into reality. This challenge is designed to bridge that gap and provide opportunities for young entrepreneurs to showcase their innovations on a global stage.”

Co-founder and CEO of Unloc, Hayden Taylor, noted that technological ideas are at the forefront of solving global challenges. “Investing in young minds with the potential to address issues like sustainability and healthcare is vital. Last year’s winner, Ethan Waisberg, with his app AngioGenius, demonstrated how cutting-edge technology can drive change, and we’re excited to see what this year’s entrants will bring.”

To apply, entrants must submit a 60-90 second video pitch along with an online application outlining their business idea. The deadline for applications is January 17, 2025, and full details can be found at youngentrepreneurchallenge.com

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Unloc and Verizon launch young entrepreneurs challenge 2025 across Europe with £10,000 prize and mentorship