BID (Bright Ideas Den) is your chance to pitch for up to £1,000 to kick-start your bright idea. If you have a business or freelance idea you would like to try out whilst you study or - have decided to set up a business or go freelance after graduating, then the funding and advice available at the Bright Ideas Den could be just what you need.
BID runs every term and it is your chance to up-skill yourself and/or your business idea. The funding is available to current students and graduates of up to 3 years from the University of South Wales.
What will I need to do?
BID takes place in November and March each year. Simply complete the short application form a few weeks before to be in with a chance of being shortlisted.
What happens after I apply?
If you are successful you will be given a 20 minute time slot – 10 minutes to tell the panel about your idea and 10 minutes for questions. If you are shortlisted you will be given further instruction on the set up for the day, and a series of tips and considerations.
Do I need to give a presentation?
You can tell the panel about your idea however you want whether that’s by pulling up a chair - or delivering a short pitch using PowerPoint. We encourage you to bring samples, photos, videos etc that will help explain and bring your idea to life. The best pitches are visual and informative!
Who will be on the panel?
We encourage all students and graduates who are applying to connect with the Student Enterprise Team to help advise you n your application and preparation for the pitch.
If you are looking for funding and raising the profile of your existing business idea then the USW Alumni Awards Emerging Entrepreneur Category is worth exploring.
Sponsored by Kier Construction to the value of £1,000, the category is for business start-ups that have been trading for 4 years or under. It is open to both current students and Alumni.
There are a number of ways you can secure funding for your business idea including loans, investors, pitching competitions and crowdfunding.
Business Wales has a comprehensive list of funding options available to those starting a business in Wales including the Development Bank of Wales, the types of funding available and a Funding Finder tool https://businesswales.gov.wales/businessfinance/
There are also a number of competitions available where £1,000 to £10,000 is up for grabs.
· Varsity Pitch https://nacue.com/events/the-varsity-pitch-competition.html
· Shell Live Wire https://www.shell-livewire.org/article/49/about-shell-livewire
Philipa Powell, Psychology and Counselling student