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The award offers budding entrepreneurs aged 16-30 within the first 18 months of trading the opportunity to stand out from the crowd and receive a cash injection of £10,000 for their business.

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Vote for your favourite Shell LiveWIRE ‘Grand Ideas’ Award elevator pitch video

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It states the following via the website
Do you have an exciting idea about a new business or venture?

Through the Llwyddo yng Ngwynedd project, it might be easier than you think to turn your idea into a reality. This is a new project which builds on the success of the previous project, Llwyddo’n Lleol.

To be eligible to receive the support, you must live within rural Gwynedd (any part of Gwynedd except for Bangor), and priority is given to support:

* farming families
* young people between 20 and 30 years old
* children under 10 years old (through schools or clubs)
* community groups
* under-employed individuals (e.g. unemployed, disabled people).

The programme will be implemented through the medium of 4 projects:

1. Venture: A project which aims to awake the enterprising spirit within groups or individuals who have not ventured before. The support available includes:

* a bursary of up to £1,000 to trial or start a new venture
* sessions to help stimulate new venture ideas.
2. Enable: This project offers practical support to new businesses, small existing businesses who are venturing to a new field, or community groups who are based on a farm. The support available includes:
* practical support to develop skills and mentoring
* financial assistance.
3. Innovate: The project’s main focus in on developing innovative products, services and processes within rural businesses and farming families. The support available includes:
* support to stimulate and develop ideas
* market research for new products or services
* funding to commission the management of technical development and detailed business planning.
4. Gwynedd’s offer: This project concentrates on supporting and promoting Gwynedd’s main selling point – the quality of the environment and the local products. Support will be given to support local products and local supply chains, and more innovative ideas will be used as technical information points are developed and located across the county.

For further information, or to discuss your idea for a new business or venture, contact Gwynedd Council’s Skills and Regeneration Service on 01286 679774 / 01286 679729 or rdp@gwynedd.gov.uk

The project has been funded through the Welsh Assembly Government 2007-2013 Rural Development Plan.

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Talk talk,the second biggest broadband provider in the UK behind BT, has decided to call it a day on ad tracking firm, Phorm.

Shares in Phorm slumped a farther 13% following the announcement.

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According to reports from Reuters, Rupert Murdoch and News Corp, are in no hurry to let go of Myspace. The group bought the networking site for $580 million in 2005. However it has since then faced strong competition from other networking alternatives such as Facebook and of course twitter which is speedily becoming more popular. The News Corp chief executive has however warned against investing in twitter.

“Be careful of investing here,” he said of Twitter. it seems the site has yet to show serious ways in which it could bring profits for investors.

When speaking on Facebook he stated “Facebook is like a directory, How they make money is another matter.” The opinions of many investors may differ though, as Speculation at the 27th Sun Valley conference were still running rampant over which company might want to buy Twitter.

The service, which lets people post to Web what they are thinking or doing in 140 characters or less, is growing in popularity. While Myspace in recent months has had to cut jobs in both the United States and abroad, it is deemed that figures reaching around 30 per cent of the Myspace international staff have been laid off. Murdoch’s confidence however could prove enough to sustain the venture.

Reported by Michael Adeyemi

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Chrysler Group LLC, after its bankruptcy court looks to rebuild and starts by naming five new directors.

The new appointees are: George F.J. Gosbee, chairman and president of Tristone Capital Inc.; Douglas Steenland, former chief executive of Northwest Airlines; Scott Stuart, a founding partner of Sageview Capital LLC; Ronald L. Thompson, chairman of the board of trustees for Teachers Insurance and Annuity Association; and Stephen Wolf, chairman of R.R. Donnelley

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As part of their new restructuring plan, the german chemicals giant BASF announed that they are planning to cut up to 3,700 jobs by 2013.

BASF Chairman Jürgen Hambrecht said the foillowing

“This is unfortunately not good news for some of our employees,” said BASF Chairman Jürgen Hambrecht.

“But the combined businesses can be successful in the long term only if we optimize them and exploit the full potential for synergies.

“I promise all our employees that we will keep the period of uncertainty as short as possible and will make decisions in a fair and transparent way.”

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