Murgitroyd, the intellectual property law firm based in Glasgow, has announced the launch of ‘Innovator Launchpad’, a Facebook platform for entrepreneurs, and a competition offering a £7,500 prize to pre-profit businesses or charitable organisations based in the UK who can show that they have created a solution to a business or social problem that is groundbreaking in its field.
The company said that the Facebook platform will “create a space for innovators and entrepreneurs to share advice and information with their peers, and to access contacts and educational resources.” The awards will provide entrepreneurs with material support in growing their business ventures, with the first prize being made up of £5,000 cash, £2,500 in IP services and a PR package. Second and third will win £1,000 in IP services.
Murgitroyd’s European marketing manager, Fiona McKenzie, said: “We are targeting the next generation of UK entrepreneurs with this initiative, and trying to make the platform as accessible as possible to them, with all resources and the competition being based on Facebook, with Facebook peer voting to decide the top three.” They will go through to a formal judging stage with the awards ceremony taking place as a Facebook Live broadcast on 27 June. The finalists will be judged by a panel including Dr Olga Kozlova, founder of the Scotland-based Converge Challenge business planning competition.