Virgin Media offers Richard Branson mentorship and £25,000 prize to tech start-ups

Telecoms giant on hunt for ‘Three New Things’ to shape face of tech

Virgin Media Business today announced the launch of a major new initiative, designed to reward three tech start-ups with prizes including personal mentorship from Richard Branson.

Launching the ‘Three New Things’ competition, the telecoms giant said it was on the lookout for three ‘game-changing’ innovations in tech that have the potential to change the way people live or do business.

Qualifying ideas can be anything from a single line of code to a fully developed new product, across any technological area.

The prize is designed to identify under-funded ideas with significant commercial and innovative potential and reward them with exposure.

The three winning tech start-ups will be unveiled at Virgin Media Business’ 2014 annual event in March, attended by 250 ‘influential players’ including telecoms companies, industry journalists and analysts.

Winners will receive a package of mentoring and support, including the chance to speak one-on-one with Virgin founder Richard Branson about his own experience of launching a brand, networking opportunities and up to £25,000 in free business telecoms.

Companies will then be covered by Virgin on an ongoing basis, charting the progress of their innovations as they develop and bring them to market.

Peter Kelly, managing director of Virgin Media Business, said: “Britain has a digital competitive advantage that we should all be proud of. That advantage has been born out of a desire to adopt new technologies and transformative ideas that can often start from something small and simple.

“Digital could and should power Britain’s economy and change the way we live and work for the better. We’re committed to helping others make the most of that potential. Today I’m calling on innovators to grab this unique opportunity to make their idea a reality.”

More information on the ‘Three New Things’ competition, including an application form, can be found here.

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