LCE 38- FAQs

FAQs

 
​​​​​​​I'm worried about confidentiality and idea ownership. How will this work?

City Hall, the competition delivery team and all judges will keep your ideas confidential unless you've given written permission to, or if they're required by law to, reveal the information. Titles of winning entries and brief descriptions approved by finalists may be used in publicity. You should agree who owns the idea with anyone you discuss it with. If you're entering as a group you should agree who owns the idea before you submit. The intellectual property of any submitted ideas remain the applicant/s. 

​​​​​​​Who gets the prize money for a team idea and what can we spend it on?

The prize fund must be spent to help bring the idea to market, for example on, legal advice, website development, and prototypes. It can't be used for any other expenses like living costs. The money has to be spent within a year of winning. It will be released as you need it and you must give us copies of receipts to show how you've spent it.

​​​​​​​If I reach the final, will I get a mentor?

Yes. All finalists will be given training to help them in their pitches and the winners will receive mentoring from the Mayor's Entrepreneur delivery team.

How can I enter today?

Applications are now open but you will have to submit your whole application in one go as you can't save the answers in different stages. Make sure you have all the information you'll need before starting to fill out the form. Please do Register your Interest for updates on the competition including reminders so you don't miss the deadline.