Technium Challenge UK is an annual competition designed to help new businesses get off the ground and take their business to the next level. To enter the competition, you just need to submit a brief application form.

What do I win?

• £5,000 cash for the winner

• Free Professional support to help develop a winning business plan

• One year free of rent at any Technium of your choice

• Oodles of quality press coverage and free promotion

Eligibility criteria for the competition:

• Pre-start up, post start  or early stage businesses under 2 years old
• Wales & UK wide
• Technology based which involves a strong R&D element
• An interest in receiving practical support to develop their business plan
• Based within the UK and be interested in locating in a Technium of their choice at the end of this year should they win

How do I enter?

Stage 1 – entry 
To apply for the 2008/09 competition, you’ll need to complete the application form. Once we receive your application, we’ll contact you to confirm your eligibility.

The earlier you apply, the more time you’ll have to make best use of the support available to develop your business plan.

2008/09 competition entry deadline: Friday 27^th March 2009

Stage 2 – development of business plan 
We’ll ask all eligible entrants to prepare business plans to submit to the judges. Our professional service providers will be on hand to offer free advice and support throughout the competition, both on request and via the organised event programme.

You can decide the format of the business plan – just make sure it’s as succinct and clear as possible. See the evaluation criteria for guidance on how we evaluate the business plans.

Business plan submission deadline: Thursday 30^th April 2009

For more information contact Mike Warren:  www.GreyMatterUK.com

• The Idea & USP (20%)

• The Market Opportunity/ Barriers to Entry (25%)

• The Management Team (25%)

• Operations Plan (15%)

• The Financial Plan (15%)