Open Ventures Challenge
The Open Ventures Challenge will harness the interests, skills and resources of crowds and use these to create viable new fundraising ventures for Cancer Research UK.
These ventures could be a new chain of coffee shops that donates a percentage of profits; a record label that gives a fixed fee for every sale; or a web business that doesn't openly support Cancer Research UK, but is part-owned by them. The point is to create multimillion pound ventures to help fund Cancer Research UK’s life-saving work.
How it works
NESTA, Cancer Research UK and mo.jo are now calling for people with good business ideas - or the skills and energy to help make them happen.
In early 2009, people will start building teams around their favourite ideas and developing a business plan, with support from Cancer Research UK.
In spring 2009, the best groups will be selected for intensive coaching and mentoring to get their venture ready for an investment pitch.
In summer 2009, the groups will present their ventures to Cancer Research UK's venture board. The successful teams will walk away with at least £10,000 in investment to pilot their idea.
How to get involved
If you've got an idea that you think could be transformed into a million pound venture, or fancy getting involved at the early stages of one, please visit http://ovc.mo.jo
Partners:
 | Cancer Research UK Cancer Research UK is the world’s leading charity dedicated to cancer research and the largest funder of cancer research in Europe. |
 | mo.jo mo.jo is focused on developing open models in venture creation, which enable anyone to actively participate in innovation creation, project development and resource |
