Ernst and Young launches tech start-up competition to find data privacy solutions
Collaboration opportunities available for entrepreneurs tackling challenges of impending “Right to be Forgotten” regulation
Ernst and Young (EY) has announced the launch of its Startup Challenge; a competition which seeks to find six tech start-ups with data privacy solutions to help its clients respond to the challenges posed by the forthcoming “Right to be Forgotten” EU regulation.
Unveiled at Canary Wharf’s Level39, the Challenge is offering entrepreneurs, with technologies such as data capture, processing and data erasure, the chance to collaborate with the professional services firm and its major customers.
The selected businesses will also receive mentoring from EY and industry professionals, and will also have the opportunity to showcase their solutions to “influential stakeholders”.
For the overall winner, there is the potential of a secondment of an experienced EY professional to provide ongoing expertise at the end of the programme.
Discussing the competition launch, Robert Walker, EY advisory sector lead for technology, media & telecommunication, said:
“We’re very much looking forward to helping innovative tech start-ups tackle this topic. This programme will give start-ups much needed access to big business and help our clients respond to the challenges posed. Innovation is the key to business success so it’s a win-win solution which will see start-ups benefitting from business leaders and vice versa.”
The programme will run for six weeks from November 8 and has been designed in conjunction with Pivotal Innovations, which is ran by the head of Level 39, Eric Van der Kleij:
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“Data security and “the Right to be Forgotten” are becoming even more critical issues for both business and consumers in light of upcoming changes to European legislation.
“The “Right to be Forgotten” throws up new challenges in areas such as data capture, privacy, and in the rapid response to removal requests. Dealing with these challenges can be complex and expensive, due to the financial and reputational risk to businesses, and the impact of non-compliance.”
To enter the EY Startup Challenge, click here.