Professional services firm EY (formerly Ernst & Young) has decided to run its Startup Challenge for the second time following the success of its first competition, which was won by security startup Sedicii.
The company, considered one of the “Big Four” auditing giants, announced today that it is looking for 10 additional technology startups to put through the “intensive” eight-week mentoring programme, where they will work alongside EY and its clients.
The last competition focused on startups that were developing technologies around the “right to be forgotten” laws that have been introduced by the EU and stand to impact many of EY’s clients, but the latest iteration of the competition will aim to identify startups that are identifying “new ways to achieve more intelligent customer interactions and increased visibility along the supply chain”.
EY said it will provide the 10 successful startups with mentoring and coaching, access to EY’s networks, training and support workshops, funding advice and a shared workspace.
Richard Taylor, advisory sector lead for consumer products at EY, said: “Innovative startup technologies are critical to unlocking the business challenges of the future.
“Providing high-potential entrepreneurs with access to our people and clients to help solve their most complex problems creates a real opportunity for small businesses with big ideas to forge ahead with the new, dynamics technologies of tomorrow, and will guide technological innovation on its route to market.”
The competition will run from 8 June until 31 July. Applications are open from today until May 17.