The F Factor is nationwide startup competition in the UK underpinned with active entrepreneurship education for students and graduates to harness cutting-edge innovation and shape them into solutions for the world’s most pressing problems. This competition is designed to provide young aspiring entrepreneurs with tools, skills-training and context to bring their ideas to life and present them to experts as well as opportunities to collaborate with like-minded peers, interact with mentors and gain access to work experience. We want you to factor entrepreneurship into your future.
For your final F Factor submission, what is needed is
- The description of your idea in 280 characters
- A link to your prototype or a one minute video walk-through of your prototype
- A Video pitch of two minutes maximum to present your idea
If you have any questions about the entry process or want to provide feedback, please contact the organisers at firstname.lastname@example.org
Category 1: In order to be eligible for this competition you must be aged between 14 and 18 by June 31st, 2019.This means that if you are currently 18 but will turn 19 before June 31st 2019, you should enter the 19-25 years old category
Category 2: In order to be eligible for this competition you must be aged between 18 and 25 by June 31st, 2019.This means that if you are currently 25 but will turn 26 before June 31st 2019, you are unfortunately not eligible to enter.
Yes! You can enter if you already have a startup.
However we do have some entry criteria:
Company registered for less than 6 month
- Received less than 100K in funding
- Less than 3 full time staff with salaries
- Less than £50k revenue
The Online Qualifiers include several milestones to complete your submission to enter The F Factor. See all 5 Milestones below:
- Milestone 1 – Select a problem & frame your idea.
- Milestone 2 – Bring your idea to life by building your first mockups(Optional)
- Milestone 3 – Talk to users/customers and collect feedback (Optional)
- Milestone 4 – Submit the final prototype of your product
- Milestone 5 – Submit your final pitch in video
To enter we want to see a prototype of your solution. This means we want to see anything that can be put in the hand of end-users and to enable them to interact with your solution. This can include hardware prototypes or wireframes for software solutions. It can be as simple as interactive paper wireframes. using apps like Marvel & Flinto or fully built products. See here – https://app.smrtp.io/c4UTdQalfU
We want to see your pitch video to learn more about your solution! We need you to be able to articulate the problem, explain your solution and tell us why your product can be a viable startup. Therefore, the best pitch videos will be prepared and rehearsed. Don’t forget to introduce yourself or your team!
However, we won’t judge your entry on the video production quality. A selfie video that you record with your phone will work just fine as long as we can hear you and see you clearly.
Entrepreneurs are constantly learning, iterating and developing all throughout their business journey. We want to make sure that you have access to helpful guidance and resources throughout the competition, which is why we’ve built The F Factor Smartup Platform. We have partnered with Smartup to provide you with the best learning experience while you’re going through each stage of the F Factor. Sign up here to start learning more about entrepreneurship and how you can develop a winning tech solution!
See our article here for more information about the Founders of the Future community on Smartup.
Yes you can! Whether you’re working full time, taking a gap year, finishing your studies or working on your own startup project, we welcome everyone to apply! We have two age categories, 14-18 & 18-25 so be sure to select the right group.
Yes you can! The F Factor is open to everyone in the UK.
Online qualifiers – November 12th, 2018 – March 17th, 2019
Regional semi-finals – March 30th & April 6th
Regional finals: April 29th – May 3rd
National final Category 1: 14-18: May 18th
National final Category 2: 19-25: June 13th
Once you’ve been selected from the Online Qualifiers, we’ll invited you to join the Regional Semi-Finals and present your pitch to a panel of judges. Using video conferencing, our judges will assess your solution and follow with a Q&A.
Regional Finalists will all be announced on Monday 8th of April, 2019.
Founders of the Future aims to support all aspiring entrepreneurs in their journey to become founders, offering programmes, events and a curated network of like minded ambitious people. Founders of the Future have launched the nationwide startup competition The F Factor, giving aspiring entrepreneurs a launchpad for their startup and a chance to win £10k equity free!
If you need help to formulate your entry, login to our Smartup platform and we will guide you through your submission with resources and tools. Check out the full library of resources to help you formulate your solution and point you in the right direction to conduct your own research if needed.The F Factor team won’t be able to provide direct feedback or help develop your startup idea but we provide this to help you learn in your own time.
None. You will not be judged on your CV or what you have achieved in the past. You just need to have the start of a great idea. You just need to show us that you are serious about your idea and that you are the right person to build it. You should also think about why there is a demand for your business and include some customer feedback in your pitch!