Enterprise Nation will be offering entrepreneurs the chance to win £500 plus $500 worth of outsourced freelance help – reflecting the rising trend for businesses to start small while testing the market and adapting their product as they go.
Enterprise Nation founder Emma Jones said: “With a distinct lack of easily-accessible funding options for start-ups, it’s no wonder that many look to self-sustainability and organic growth rather than getting bogged down with the often over-complicated and time-consuming routes to investment and support.
“Many are starting out with an unfinished product and ‘pivoting’ as they go. A quick cash injection and a fresh pair of expert eyes can make a big difference to these businesses.”
Fund 101 will be giving away £1,000 a month over the next six months, with a cap of £500 per business. To qualify, candidates need to demonstrate they have a solid enterprise and write a short elevator-style pitch about why their business stands out.
Judges will then pick five businesses a month that will go out to the public vote on the Enterprise Nation website.