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.
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 £60,000, 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 2021.
How To Apply
Payment of funding will be made in two equal tranches via bank transfer – one within six weeks of receiving the award, and a second, final payment on receipt of a six-month progress report submitted to and reviewed by the Promoter.
More details can be accessed here