Unloc, Verizon launch The Young Entrepreneurs Challenge 2025

Unloc and Verizon Business have launched The Young Entrepreneurs Challenge for 2025, an annual event that seeks to identify the best young talent across Europe with innovative business ideas.

The winner will receive £10,000 (€11,750*), mentorship and a technology package to launch their business. In addition, they will also receive a ticket to attend the Global One Young World 2025 Munich Summit.

This entrepreneurship competition for young people aims to encourage and attract the dynamic new business leaders of tomorrow. Now in its seventh year, the challenge is open to European entrepreneurs aged between 16-25 years old who can submit their technology-led start-up business concepts online.

“Each year, The Young Entrepreneurs Challenge identifies and brings to light amazing young talent from across the UK and Europe and it is a privilege to be able to help encourage and support tomorrow’s entrepreneurs,” said Sanjiv Gossain, General Manager and Head of EMEA for Verizon Business. “Young entrepreneurs in Europe often face challenges related to accessing funding and mentorship, so to play a role in enabling their ideas to come to fruition and be presented on the global stage, is very important to Verizon Business.”

“We are in a landscape where technological ideas are becoming the clear catalyst for addressing and resolving some of the most complex challenges in sustainability, climate change and health, so investing in the next generation of leaders and their ideas plays a fundamental part in addressing these challenges,” said Hayden Taylor, Co-Founder and Chief Executive of Unloc.

“Every year we're overwhelmed with the business minds of young entrepreneurs and in a year that has been dominated by the advancement of emerging tech, we’re very excited to see the ideas that entrants submit for the next Young Entrepreneurs Challenge.

“2024’s winner, Ethan Waisberg, impressed the expert judges with his app, AngioGenius, which allows anyone to take a photo of their eye at home to help detect and monitor eye disease progression. His research work with NASA astronauts and the integration of generative AI into the app was extremely impressive, and the funding from Unloc and Verizon will now enable him to carry out clinical trials and help reduce eye disease progression worldwide. We cannot wait to see what innovation young changemakers envision this year."

To enter, entrants are asked to record a 60-90-second video, as well as complete an online application form outlining their business idea. Applications will be judged based on their viability, technology innovation and sustainability.

Finalists will then compete head-to-head in a grand finale held in March 2025, pitching their business concept live to a panel of expert judges and invited guests representing both the worlds of business and education.