University student or recent graduate with a business idea in GovTech or CivTech you want to develop?
Then this is for you.
Bringing the benefits of digital disruption to government and public services
What is the GovTech Challenge?
The GovTech Challenge is a competition for new GovTech, CivTech and CivicTech businesses led by UK based students or recent graduates.
All new businesses or business ideas that see the government or public sector as their main or largest potential customer are eligible.
Winners will also build a useful network of expert contacts in this space and work with likeminded individuals wanting to bring about change.
Government is the biggest industry on the planet. For an entrepreneur that should be sexy in itself. But this is an industry that is also broken (Q: Do you think government is good enough?) and ripe for the same kinds of digital disruption that have transformed almost every other industry in recent years. This is going to be big. Really big.
This programme is about getting young, talented, ambitious entrepreneurs in to the new sector of GovTech (it's like FinTech was, about seven-ten years ago) just as it's getting going. And the UK is the best place in the world to be doing this.
So really, why not GovTech?
Who Can Apply?
Businesses led by students graduating in 2018, or who have graduated in the last three years, and are looking to start a GovTech or CivTech business will be considered eligible.
Applications are made as a business or with the intention of starting the business. Businesses do not need to be formally registered in order to enter but participants must commit to starting the business and working on it full time for a minimum of six months.
It's also vitally important that everyone on the team has a sense of humour and is not an arse. Warning: These things may be tested during the application process.
What Will the Winners Win?
The winners will receive a prize package worth over £10,000 per company:
- £2,500 of cash to help develop their business (worth £2,500, funnily enough)
- Six (6) months of free incubation space (2 allocated desks, no charges for meeting rooms, network access, biscuits or the air that you breath) in the Rain Cloud incubator in central London (which was, and is, the first GovTech-focussed incubator in the world). Extensions may be available (worth £5,000)
- 1:1 mentoring by successful GovTech entrepreneurs and experts who actually know what they are doing (worth more than words can say)
- Access to our programme of events including the bi-monthly CivTech Forum (with a fair bit)
- After six months, if the companies have developed sufficiently they can progress on to the GovTech Academy where they will participate in a 2-day intensive Boot Camp and a further six-months of mentoring support (worth £2,000)
- Opportunities to pitch to investors interested in the GovTech space for seed funding (worth big numbers)
- Introductions to appropriate investors, advisors and industry contacts as and when appropriate for your business (this is the real money, y'all)
In short, you will be part of the coolest GovTech community in the world and have the chance to do the very best for your business (which is what it's really about, right?)
“Many projects starts small,the important thing is they start.”
Timothy Barnes, Founder, The Rain Gods, and GovTech Academy Mentor