£250,000 on offer to help young people in south Yorkshire become tech entrepreneurs

TwinklHive has launched a scheme that provides grants and mentorship to people aged 18 to 22 so that they can pursue entrepreneurship as a career path and make their business dreams a reality.

The young entrepreneurs must have a clear, viable start-up business plan that will solve a pressing problem.

Each successful applicant will receive a grant of up to £40,000.

The scholarship is a full-time position which is set to run for six months, with the possibility of follow-on investment from TwinklHive at the end of this period.

The applicants are not required to pay back the grant, which also covers the founders' salaries of up to £20,000 for the six month period.

Alongside the non-repayable grant, candidates will receive access to space in the TwinklHive office, alongside mentorship and support from staff and the accelerator’s expanding business network.

Jonathan Seaton, co-founder and CEO at TwinklHive, said: “In August, many young people received their A-level results and have since been weighing up their options as they prepare to take on their next venture.

"For some people, further education or employment are not desirable or viable options.

"TwinklHive is providing an alternative career path by supporting young adults on their entrepreneurial journey and they’ll gain experience which can be equally valuable to a qualification.

"It can be difficult to get investment and having advice from people with experience is invaluable.

"We’re absolutely delighted to now be in a position to offer support and mentorship to others.”

Young people aged between 18 to 22 years old and who have completed compulsory education can apply for the scholarship.

The application closes on Friday, September 25.

If you or someone you know would like to apply, email [email protected] referencing ‘TwinklHive Scholarship’ and further information and an application form will be provided.