Guernsey Venture Challenge

Applications have closed! In partnership with Blenheim Chalcot, the Digital Greenhouse has launched Guernsey's first funded business accelerator

What is the Guernsey Venture Challenge?

Launched this year and run by the Digital Greenhouse in partnership with Blenheim Chalcot, the Guernsey Venture Challenge (GVC) is the island’s first funded business accelerator. GVC is for new businesses based in Guernsey looking to scale. It gives the opportunity to attain early stage funding to accelerate their development and help get established.

The challenge offers £65,000 of grants to support local startup businesses, comprising of:

  • £40,000 First Prize
  • £20,000 Second Prize
  • £5,000 Young-preneur Prize for the best entrepreneur under the age of 25.

This is made possible through the SMART Guernsey programme, committed to supporting Guernsey's economic development, creating significant and new opportunities for on-island businesses, entrepreneurs, employees and students. 

 

Applications are now closed.

Missed the deadline? Apply for the Véyaon Awards now! 

Find out who has been shortlisted for the Guernsey Venture Challenge final pitch night here:  

Shortlist

Who can apply?

Guernsey resident(s) that have a fledgling business or who are in the process of starting a new business in Guernsey can apply for the GVC.  We are looking for startup businesses who would benefit from early stage funding to accelerate their growth.  

The information below specifies the application criteria for the competition:

  • Applicants must be resident in Guernsey - if their business is operating, it can be as a Sole Trader or registered with the Guernsey Registry.  
  • Applicant’s business must have raised no more than £150K funding to date.  
  • Applications can be from any sector or business type.

In addition, to qualify for the Young-preneur Prize, applicants must be under 25 years of age at the date of the final on 15th September 2022.

You can download the GVC Application Guidance & Criteria to help you prepare your application:

Guidance & Criteria

How do I apply?

Please complete the online application form at the bottom of this webpage.

Applications open on the 4th April 2022 and must be submitted no later than 1st July 2022. Applications received after this date will not be considered. 

You can download the GVC Application Guidance & Criteria to help you prepare your application:

Guidance & Criteria


If you are a potential applicant and would like support developing your idea before applying, you can book in a business support meeting or attend a business bootcamp at the Digital Greenhouse. Visit the Startup Hub to find out more: 

Startup Hub

Assessment Criteria

​Applications for this challenge will face a panel of judges from the Digital Greenhouse and Blenheim Chalcot, and will be judged against the following criteria:

  1. Your business idea must  address a clear problem / pain point.
  2. Idea provides an innovative or creative solution to the problem/pain point.
  3. There is a sustainable business model, showing potential to scale and grow.
  4. Applicants can demonstrate market viability.

You can download the GVC Application Guidance & Criteria to help you prepare your application:

Guidance & Criteria

Prize Categories

There are three prizes available to be awarded to successful applicants in 2022, as detailed below.    

First Prize:  £40,000 cash prize
Plus:

  • 6-month business mentorship
  • 6-month hot-desking membership at the Digital Greenhouse Guernsey
  • 6-month membership at Scale Space, White City London
  • 2 tickets to the prize-giving at The Véyaon Awards

Second Prize:  £20,000 cash prize
Plus:

  • 6-month business mentorship
  • 6-month hot-desking membership at the Digital Greenhouse Guernsey
  • 2 tickets to the prize-giving at The Véyaon Awards

Young-preneur Prize: £5,000 cash prize
Plus: 

  • 6-month business mentorship
  • 6-month hot-desking membership at the Digital Greenhouse Guernsey
  • 2 tickets to the prize-giving at The Véyaon Awards

Additional Resources

Face-to-face Support

Starting Up Saturdays 
Join us for this free one-day bootcamp to develop your business idea on 21st May 2022.  Find out more and reserve your space: 

Starting Up Saturdays

Business Support Meetings
Book a one-to-one business support meeting to help you to find the right guidance and support when starting a business in Guernsey. To request a one-to-one meeting please email: info@digitalgreenhouse.gg

Online Guides & Articles

The Startup 101 BookletBusiness Planning GuideIdentifying your CustomerPitch Perfect! Building Businesses - Growth Mindset


Hive Learning Network

The Hive Learning Network is the Bailiwick's own platform with the mission to support upskilling across the community - whether you’re an experienced leader, someone entering the workplace, or an entrepreneur.

The platform specialises in developing business-critical skills, take a look at this content to get you started.

Innovation Courses
Including Growth Mindset and Customer-Obsessed Culture content:

Read more

Setting Purpose & Powerful Goals Course

Read more

What happens after I've applied?

Shortlisted applicants will be notified on 22nd July 2022.

Successful applicants will then have just under 8 weeks to continue their business development in preparation for a final pitch event to select the winners.

They will be provided with a business mentor from Blenheim Chalcot to aid with their business development. They will also be invited to take part in a pitch presentation masterclass to prepare for the final pitch night.    

The Final Pitch

The shortlisted applicants must be available to pitch their businesses to a panel of judges at a final pitch event on 15th September 2022. After this event the judges will make their final decision of who the winners are!

Awards Evening

The winners will be announced at The Véyaon Awards evening on the 17th November 2022, where they will receive their prizes.  Applicants must be available to attend The Véyaon Awards evening.  

The Véyaon Awards will be a night of celebration of local entrepreneurship and innovation, awarding those individuals and businesses who have ‘gone for it’ - the definition of véyaon in Guernésiais. With awards for startups, scaling businesses, digital disruptors and learners, the evening will shine a spotlight on innovation and new ventures in Guernsey.  

More to be announced soon. 

Working in partnership with Blenheim Chalcot.

The Guernsey Venture Challenge (GVC) is a programme run by the Digital Greenhouse in partnership with Blenheim Chalcot, as part of the SMART Guernsey Programme.

The Economic Development Programme is part of the SMART Guernsey work and is being delivered by Blenheim Chalcot and two of its portfolio companies, Hive Learning and Avado, together in partnership with Digital Greenhouse. The Economic Development Programme is a series of interconnected initiatives that, collectively, aim to help Guernsey build a world-class environment for innovative digital businesses to thrive. 

Guernsey Venture Challenge - Registration of Interest