Innovators aged between 14 and 25 are eligible to enter and attempt to secure one of the ten finalist places at the Founders Forum on 18 June, which will result in one individual or team winning the £10,000 prize.
Business plans and experience aren’t required to take part, as the campaign looks to included people who are still at school or university. In fact, ideas for tech businesses must be submitted in a Twitter-like fashion of 140 characters or less, accompanied by a video about the entrant.
Read more on young entrepreneurs:
- The entrepreneurial geniuses who become CEOs under the age of 12
- Richard Branson: Businesses will fall behind if students leave school without vital digital skills
- Top 9 famous entrepreneurs who started young
Lastminute founder Brent Hoberman, the co-founder of Founders Forum, a network for tech entrepreneurs, said: “We’re helping young people get in front of inspirational investors and world-class technology entrepreneurs. Whoever you are, and wherever you are in the UK, we want to hear from you.”
The “we” Hoberman referred to are the business veterans involved in the project, who finalists will have the chance to meet, pitch to and learn from.
- Reid Hoffman, LinkedIn co-founder
- Niklas Zennstrom, Skype founder
- Phil Libin, Evernote CEO
- Garrett Camp, Uber chairman
- Kevin Ryan, Gilt Groupe founder
- Martha Lane Fox, Lastminute co-founder and chairwoman of Go-On UK
- Archie Norman, ITV chairman
- Jim McKelvey, Square co-founder
The campaign is in line with the Young Founders scheme which was backed by Shazam in March, looking to help 16-18 year-olds to develop business skills and knowledge.
Ideas are expected to include apps, games and other digital concepts, thus TalkTalk, which has 5.3m customers, is working with Founders Forum in keeping with its focus on broadband, TV and mobile.
The communications firm was also a founding partner of Lane Fox-led digital skills charity Go On UK, and has also worked with other causes to support local areas with tech.
F Factor entries can be made on www.ffactor.co until midnight on 5 May 2015.
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