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The competition will enable the winning entrepreneurs to accelerate the growth of their startup company.
The Dell UK ‘Startup in Residence’ competition has been launched as part of the new Dell UK Centre for Entrepreneurs – an initiative that provides startups with access to finance, technology and networking.
The winning two will become Dell’s first resident entrepreneurs at Dell’s Bracknell campus, which will provide a dedicated work space for up to 10 employees. The winner of the first prize will have the work space for a two-year tenancy, while the second prize winner will have a one-year tenancy.
Tim Griffin, vice-president and managing director at Dell UK, said: “With office space costing upwards of £18,000 a year alone and most entrepreneurs not making it past the first three years, the ‘Start-up in Residence’ competition has the opportunity to make a genuine impact on the winners’ business.
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"We want to help remove the burden of the costly investments a business must make when starting out so that they can focus on growth in the critical early stages of their business.”
The startups will receive mentoring from senior Dell employees, who will provide them with access to Dell customers at networking events. The startups will also be able to access areas specifically designed to hold meetings with clients and partners at the centre.
Winners will also become members of the Dell UK Entrepreneur Advisory Council, which is a committee with the aim of addressing the challenges facing business owners.
Applicants have been asked to submit a business plan and a two-minute video explaining why technology is integral to their business growth and success before 14 February.