Backing young people to become entrepreneurs.
Young entrepreneurs will be supported to turn their ideas into
successful businesses through a new Scottish Government
programme.
The First Minister's Start Up Challenge will empower young people
aged 18 – 30 from disadvantaged or underrepresented backgrounds
to start innovative businesses.
Delivered in partnership with The King's Trust and social
enterprise Dechomai, around 20 participants will be selected for
a six-month accelerated entrepreneurial apprenticeship. This will
provide tailored support and access to masterclasses, workshops
and hands-on experience.
Participants will receive a £500 “Test Your Business” grant, with
those ready to launch eligible to apply for a £5,000 start-up
grant. At the end of the programme, one winner will be awarded
£30,000 to dedicate a full year to developing their business.
First Minister said:
“I am unashamedly ambitious for Scotland's young people and want
to ensure my government leaves no stone unturned in supporting
them to achieve their ambitions. That is why I am excited to be
launching the First Minister's Start Up Challenge which will help
unearth and expand the creative entrepreneurial spirit that
stretches across Scotland.
“This will provide vital support, including mentorship from those
who have built their business, and funding to young people to set
up their own business. It will not only be life changing for the
young people taking part but will have a ripple effect across the
country – inspiring entrepreneurial spirit, creating a constant
flow of future founders and strengthening Scotland's' position as
a nation of innovation and enterprise.
“Attracting investment into the country whilst reinforcing
Scotland's emerging reputation as a fast-growing entrepreneurial
economy, will be crucial to achieving my key priority of growing
the economy while also ensuring we can invest in our other vital
priorities such as eradicating child poverty. We've long been an
innovative and entrepreneurial country and this investment will
ensure the next generation can set up the businesses of
tomorrow.”
The Kings Trust Director of Delivery (Scotland) Lou Goodlad said:
"The King's Trust is delighted to partner with the Scottish
Government and Dechomai to deliver The First Minister's Start Up
Challenge. This programme builds on our collective experience
supporting young people to start their own business, and
together, it will empower young people facing barriers to
self-employment. Participants will benefit from a bespoke
programme and access to grant funding to help scale their
businesses.
“This unique initiative will make a significant contribution to
Scotland's economy, offering young people an incredible
opportunity to unlock their entrepreneurial potential. We're
excited to play a key role in the First Minister's Start Up
Challenge and to support the next generation of entrepreneurs in
Scotland."
Founder of Dechomai Bayile Adeoti:
“Working alongside The King's Trust to deliver the First
Minister's Start-Up Challenge for the Scottish Government is an
incredibly exciting opportunity for Dechomai and for the work we
do across Scotland. At Dechomai, we believe that real and lasting
impact happens when founders, educators, communities and
institutions come together to build collaboratively.
“The Start-Up Challenge represents what's possible when we invest
in young people and take a genuinely place based and
person-centred approach to enterprise and opportunity. Partnering
with The King's Trust is also a deeply personal milestone for me.
As a former Prince's Scottish Youth Business Trust grant
recipient, this feels like a full circle moment and a powerful
reminder of the importance of belief, access and collective
effort. We're excited to help shape a future where more young
people across Scotland can see themselves as founders, leaders
and changemakers.”
Background
The First Minister's Start Up Challenge is a 2025 Programme for
Government commitment. It will be delivered in partnership with
The King's Trust and Dechomai.
Applications to the Start Up Challenge will open in spring.
The King's
Trust is the UK's largest national employment and enterprise
charity focused on young people, supporting over 50,000
individuals aged 11-30 annually.
Dechomai is a Scottish
social enterprise that has supported over 3,000 entrepreneurs
directly, with a strong emphasis on individuals from Global
Majority and underrepresented communities.