The Deutsche Bank Awards for Creative Enterprise (DBACE) help young, creative entrepreneurs turn their ideas into reality. Aspiring individuals who want to go into business in the creative industries and require practical and financial support are being targeted. Applicants will be able to explore, develop and establish their creative ideas into sustainable ventures – through business planning training, mentoring and capital funding for starting-up.
This year, the programme aims to find the best young talent with the ability to drive positive social impact through their creative enterprise. The programme aims to enable and celebrate creative entrepreneurship for social good, led by 18-30-year olds in the UK today.
Entrants will have the chance to win funding for their creative enterprise and a year of business support. The prize package is designed to give applicants everything they need to accelerate their idea or existing business, so that they can take it to the next level.
There is a cash prize fund of £50,000, to be shared amongst five winners. How much awarded per winner is not fixed but assessed on a case-by-case basis. Applicants who proceed to the second stage of the competition will be asked for the amount of prize monies they would like to apply for from three incremental categories of £2,000-£5,000; £5,000-£10,000; and £10,000-£20,000.
To apply, applicants must be 18-30 years old and have a strong idea or an existing business in the creative industries. They must have a desire to create positive social impact through their enterprise. Applicants do not have an established business. They just need to be ready to grow with their idea. The eventual business can be not-for-profit or a commercial idea/enterprise.
The deadline for applications to be received is 31 March 2020.