Keyfund working with Duke of York on Digital and Entrepreneurial skills programme

Balliol Business Park-based charity Keyfund is one of a handful of delivery partners selected to work with The Duke of York and Nominet Trust to deliver their new iDEA scheme. A launch event took place yesterday at Buckingham Palace with HRH Prince Andrew and will.i.am. Keyfund attended with a young person from the region who was on the winning team of its AmbitionLab 36-hour hackathon held at Sunderland Software Centre last November.

iDEA is a joint initiative between The Duke of York and Nominet Trust, which aims to support 16-25 year olds to develop and improve their digital and entrepreneurial skills. In the first year the programme hopes to engage 1,000 young people across the UK with the aim of helping to boost the confidence of young people and increase their employability status at the same time.

Over six months, iDEA will provide young people with the essential incubation, mentorship and funding to help them to develop their own business venture.

The programme is split into three stages, with young people receiving industry-recognised badges throughout the journey. The badges will reward the range of entrepreneurial skills and competencies that the young people will develop along the way.

Stage one: DISCOVERY

In the Discovery stage Keyfund will engage and support 200 young people to take home a Discovery badge. For this stage, you will need to attend a one day interactive workshop jam packed with fun and creative activities to provide you with the opportunity to demonstrate your digital skills and apply them to tell the story of your passion, describing your business idea and why it’s important.

Stage two: BETA

The initial 200 young people will be narrowed down to just 20 teams where young people will work together on the programme to test, refine and enhance the chosen business idea, taking it from concept to prototype.

Step three: LIVE

The 4 projects with the most promise will be given £5,000 each to turn their prototypes into to real-life product and send it out into the world.

It doesn’t end there… The 4 teams chosen through Keyfund will pitch their iDEA to an expert panel of judges at Buckingham Palace in October 2014. The 4 Keyfund teams will be pitching alongside 16 teams chosen by the other delivery partners for a chance to be one of three worthy winners awarded with £15,000 funding to further develop their idea into a successful business start-up.

4 teams chosen through Keyfund will pitch their iDEA to an expert panel of judges at Buckingham Palace in October 2014. The 4 Keyfund teams will be pitching alongside 16 teams chosen by the other delivery partners for a chance to be one of three worthy winners awarded with £15,000 funding to further develop their idea into a successful business start-up.

More information (and for young people to sign up for the limited places):
alex.black@keyfund.org.uk
www.keyfund.org.uk/events