Sir Alan is looking for teenagers with "enthusiasm to succeed"
A teenage version of The Apprentice is hoping to find the entrepreneurs of the future when it airs on BBC One next year.
The series will give five boys and five girls, aged between 16 and 17, the chance to take on a series of business challenges.
The winning contestant will win up to £25,000 tailored towards their career ambitions.
Sir Alan Sugar, who will fire contestants in the usual boardroom showdown, said it was important to spot young business talent.
"It is my long-held belief that we should be doing more to promote enterprise among young people, as the future of our economy relies on them."
The self-made millionaire also said that although the candidates wouldn't have any business experience he was looking for "entrepreneurial aptitude and an enthusiasm to succeed".
The show's producers have revealed they're looking for students from all backgrounds and that it's not just about academic qualifications.
People who fancy applying can go to www.bbc.co.uk/apprentice.