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Last Updated: Thursday, 23 November 2006, 08:47 GMT
Business drive for entrepreneurs
Duncan Bannatyne
Dragon's Den investor Duncan Bannatyne is backing the drive
Budding entrepreneurs in Scotland will have a chance to receive cash prizes for the best business ideas.

The competition, run by Scottish Enterprise via the Business Gateway, has been backed by Dragons' Den investor Duncan Bannatyne.

The winner, who will be chosen from the best entries across local enterprise company areas, will take away 5,000.

The competition is part of a drive by Business Gateway to help boost Scotland's business birth rate.

Linda Hanna, director of Enterprise Services at Scottish Enterprise, said: "Small businesses are really important to the economy, and not just at local level.

"The more people we can encourage to bring their ideas to the Business Gateway, the better chance we have of supporting them in growing their ventures and realising their ambitions.

"It is the small firms of today that could be the blue-chip companies of tomorrow and we need to do more to encourage that entrepreneurial spirit."

Other local winners will receive prizes of 1,000 for innovative and sustainable businesses.

Entries can be made until 24 November.

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