Apprentice Winner Funds Young Startups
Apprentice UK winner Tim Campbell has come up with a new way to help fund young entrepreneurs. He is creating the Bright Ideas Trust in London with the goal of helping young entrepreneurs launch 365 businesses a year.
The startups will get financial backing and expert advice in return for an equity stake in their businesses. The money earned from the ventures will go back into the Trust to finance future young entrepreneurs.
If executed successfully it could be a great model for North America to follow as well as developing countries to help develop new ideas and foster entrepreneurship. I’m looking forward to seeing what kind of businesses come out of this experiment and if it can be built to become a self-sustaining initiative!
Who do you think would be the best person to set something like this up in North America?
Evan Carmichael
Evan CarmichaelYoungEntrepreneur.com Blog Manager
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5 Comments so far
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Hi Evan - the Trust is actually called The Bright Ideas Trust. And curiously enough we are planning to bring the brand to North America pretty soon.
Thanks Richard - I’m looking forward to hearing more info about it. Please keep me posted!
Evan Carmichael
Hi Tim Campbell,
I sit in Southern Africa, in Namibia where opportunities such as yours would definitely open up doors for the strangling situation in our region with regards to emerging and startup businesses.
I am witnessing many brilliant ideas go to waste because of lack of funding.
Do you forsee this brand to be launched in Africa soon. We need this much.
Please comment.
What a brilliant and well needed idea. i’m sure many young people could benefit from this trust and i hope it all goes well for everyone involved. Nice to see someone giving something back for a change.
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