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
