The company creation competition and start up development programme is open to staff and students wanting to launch their own businesses and has a prize fund of over £150,000.
During the last four years, Converge Challenge has trained more than 120 entrepreneurs and formed 51 companies securing £15m of funding and employing 139 staff, making an important contribution to Scotland’s economy.
The prize also includes support from new partners including business support from RBS, accountancy advice from Mazars, recruitment advice from Badenoch & Clark, legal support from Morton Fraser and patent and trademark expertise from Murgitroyd.
Olga Kozlova, director of Converge Challenge, said: “This an exciting year for Converge Challenge with our biggest prize fund to date and an ambitious development programme.
“We are delighted to welcome our new partners on board; they each bring a wealth of experience from their respective sectors that will equip our next generation of entrepreneurs to create companies that will have an impact for Scotland.”
As official media partner, BQ is supporting Converge Challenge 2016 and managing director Bryan Hoare believes it provides a great opportunity for budding entrepreneurs across the nation.
He said: “The Converge Challenge is another great initiative to encourage entrepreneurship across Scotland.
"As media partners BQ are delighted to support the initiative and we will be closely following the progress of entrants this year as well as being involved in the programme of events.”
Converge Challenge 2016 winners will be announced at an awards ceremony in September. It will be hosting information events throughout Scotland: