WorldLabs launches startup competition with £50K in prize money

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The ‘Elevating Ideas’ competition has just been launched and is awarding £50,000 in non-dilutive funding to start-ups and innovative ideas across all fields to elevate the next generation of entrepreneurs. It’s aimed at anyone who can showcase their initiative and prove that it’s promising and sustainable. Applicants are not judged on level of experience but on growth potential, scalability and feasibility. And, most importantly, WorldLabs does not take any ownership of your idea.

The competition is being run by WordLabs, a digital platform that supports and connects innovators (entrepreneurs) with funding and collaboration opportunities. The company’s ethos is to keep entrepreneurial ideas with potential from falling by the wayside. They’re on a mission to empower and elevate promising initiatives, thousands of people have already signed up to WorldLabs to be scouted by and connect with investors on the platform.

For further details on the competition and to apply see their website.