They're getting behind the Fife Student Entrepreneur Award 2015, which was launched earlier this week (Monday, November 24), to encourage and inspire the business leaders and employers of tomorrow.
The competition is open to all 16 to 24-year-olds in education in Fife and one lucky winner who shows the most entrepreneurial promise will receive a prize package of £15k in cash and business expertise.
The competition is now open for entries and all finalists will be invited to a workshop to learn about business and develop and refine their ideas before the final presentations take place in February 2015.
Lead sponsor CR Smith is putting up a £2,500 cash prize and one-to-one business coaching with chairman Gerard Eadie CBE.
Eadie said: “There are young people out there with the ideas, the resilience and the resourcefulness to become the successful business owners of the future. They will be the ones creating employment in the years to come and this award is all about encouraging and supporting them now.
“There will be one ultimate winner, judged on their entrepreneurial qualities and their business idea, but for everyone who takes part this is an opportunity to tap into the experience and expertise of many of Fife’s successful local businesses.”
Other Award sponsors include CCW, Thomson Cooper, Santander, Internet Creation, Kingdom Insurance, Managed IT Experts, Sign Plus, Uniq Marketing, Multi-Print, Liberty Business Centres, and Business 50.
Hugh Logan Principal and chief executive of Fife College, which is also backing the award, said: “It's important to bridge the gap between school and work and this is an excellent way to get young people thinking about the future and how to transfer the skills they learn at school or in college into business.
“We will be promoting the Fife Student Entrepreneur Award to all our students across the campuses."
The Fife Student Entrepreneur Award has grown from the success of the West Fife Young Entrepreneur Award, which has been run by local businesses over the past three years.
Last year’s winner was Lachlan Edwards who has a music channel on YouTube which he plans to develop as a showcase for new musicians.
Entry forms are available via Pauline.email@example.com
Entries are invited from individuals or small groups of students
Closing date for applications is February 6 2015 and the award ceremony will take place on February 26 2015.