Open to all current students, the competition has been organised by the Creative Enterprise Centre in partnership with NACUE (National Association of College and University Entrepreneurs) and is sponsored by Santander Universities UK.
A prize fund totalling £5,400 will be divided into four £500 winner prizes, eight £250 runner-Up prizes and four £350 viral idea prizes, awarded to the ideas that receive the most votes. To enter, students will be asked to upload a one-minute video pitch with their business idea or concept into one of the four categories: Digital and Tech, Maker and Inventor, Social or Environmental Impact or Freelance. To proceed to the next stage, students will be responsible for promoting and marketing their idea and encouraging their peers to vote for them.
Chandresh Meghji, Deputy Relationship Director at Santander Universities UK, said: “We are really proud to be able to support The Big Idea initiative. Our mission is to help people and businesses prosper and with initiatives like this, we can help those ideas become a reality. Our relationship with the University of Westminster goes back to 2010 and since then we have supported numerous programs and many students. We are really looking forward to seeing the best ideas come through and helping these businesses prosper. Good luck!”
The competition is not focused on finding the most developed idea or business concept but rather encourages students to explore and showcase their imagination and ability to respond to real problems, trends and needs in our modern-day society.
To enter, students must complete an online application form by 25 January to have a chance of winning one of several prizes.