Young Gold Coast entrepreneurs to compete for $45k prize pool

Young Gold Coasters are being encouraged to become the entrepreneurs of the future through a new Twitter-based competition launched by the State Government – with every tweet bringing them closer to sharing a $45,000 prize.

Competitors will need to undertake a number of tasks, then tweet about it using the hashtags #YSComp and #AdvanceQld.

Tasks are tailored to the three personality types usually needed in any startup venture – a Hacker (tech-minded coder) a Hustler (communicator), and a Hipster (designer). The tasks range from simply joining the competition (10 points), to doing a 3-5 minute live presentation in front of a potential investor (50 points).


ARTICLE CONTINUES AFTER THIS ADVERTISEMENT


Innovation Minister Leeanne Enoch described the Young Starters’ Competition as a way to not only encourage and reward young entrepreneurs, but also connect them with each other.

“Our young people are the business innovators and leaders of tomorrow who will shape the way we live and work in the future,” she said.

“The more activities young entrepreneurs do the higher they will place on the leader board.”

The ‘tweeting’ stage of the competition runs until the end of March next year, and then the top 20 competitors will get to pitch their idea in front of potential investors in June. The overall winner will then receive up to $30,000 in prizes and the People’s Choice Winner, selected by guests at the June event will win up to $15,000 in prizes.

But Ms Enoch said that everyone who got involved would benefit from the exposure and lessons learned along the way.

“The real winners of the competition will be young Queenslanders with entrepreneurial dreams and go-getter attitude who strive to get their ideas noticed by an investor,” she said.

Sixteen year old Queensland entrepreneur and innovator Taj Pabari, who founded Fiftysix Creations – a built-it-yourself tablet and coding kit for kids – encouraged young Gold Coasters to get involved.

“Some of the greatest lessons I’ve learned have stemmed from my interactions on social media as well as networking face-to-face with other, inspirational startup entrepreneurs and innovators,” Taj said.

“Join the competition, show some passion, take some action and watch the magic happen.”

Find out more about the competition at www.advance.qld.gov.au/yscomp.