A single good idea will launch entrepreneurs from Ireland to the global stage as Red Bull Basement returns for 2024. Red Bull is giving the next generation of innovators?the chance to?conceive, develop and launch?their outstanding business?ideas with applications for this global competition now open.
Each team that applies will be able to create their own business plan with the help of AI technology. Ten of the best teams will then be invited to present their ideas at the Red Bull Basement National Finals, which take place in Dublin in November.
The team that impresses the judges will then represent Ireland at the Red Bull Basement World Finals in Tokyo, Japan, in December. The grand prize for the global winner? An all-expenses paid trip to Silicon Valley and Los Angeles in 2025, where they will receive hands-on experience, mentorship and opportunities to connect with top industry leaders in a three-week long accelerator programme. Applications for Red Bull Basement are now open until October 31st 2024.
As colleges and universities return across Ireland, students with entrepreneurial flair and a desire to make an impact are encouraged to bring their brightest ideas to the table. Who’s to know where it might lead?
In 2021, Ireland’s representatives Clara Fergus and Harsh Chandra used the skills and knowledge acquired at the Red Bull Basement World Finals in Istanbul to further develop their business idea, CareersXP, a career guidance solution for students. Basement winners in 2020, Joanna Power and Paramveer Bhachu, have progressed their innovative water-saving washing machine idea into a developing business and claimed numerous innovation awards on the back of it, appearing on the TedxTalk series in 2022.
To apply for the 2024 edition, visit https://www.redbull.com/ie-en/events/red-bull-basement-ireland where the easy-to-use AI tool will help to create and submit a one-page business plan as their application. Regardless of your educational background or professional field, you are welcome to submit an idea with the potential for significant impact. Entrants must be aged 18 and above at the time of application and currently residing in Ireland.
The best entries will be chosen to take part in the Red Bull Basement Irish National Final in Dublin in November, where a panel of hand-picked judges from across the Irish tech and business spheres will select the best idea to represent Ireland. The successful team will then have one month to further grow their ideas and start-up business plan with the help of mentors and industry experts before heading to Tokyo for the World Finals.
Timeline, Red Bull Basement 2024
Monday, September 16th – Thursday, October 31st:
- One or two-member teams of students and innovators can visit the Red Bull Basement website to submit applications.
Wednesday, November 13th:
- Red Bull Basement Irish National Final, where judges select one team to represent Ireland at the Global Final in Tokyo, Japan.
Monday, December 2nd – Thursday, December 5th:
- National teams from over 40 countries will come together in the immersive World Final in Tokyo, where they will attend workshops, dedicated AI educational sessions, and the chance to network with international entrepreneurs and business leaders.
To learn more about Red Bull Basement, enter the competition and access FAQs, visit: https://www.redbull.com/ie-en/events/red-bull-basement-ireland/
