The initiative was launched at the Design Museum in London by Barclays Mercantile's managing director, John Callender. The judges were hand picked for their flair and imagination in establishing and steering their own businesses to success. The scheme has been designed to salute the work of 30 of the UK's leading business entrepreneurs who are all under the age of 30.
Business people can nominate themselves for the scheme, or it can be done via a third party.
All they have to do is complete and return a simple nomination form available from Barclays Mercantile. Co. The judging will take place during the autumn, culminating in a gala dinner event in London later in the year. In a typical due diligence investigation lasting just a few weeks, there is simply insufficient time to identify and quantify the scale of the millennium risks involved. Testing that all of the target's systems will function properly on and after 1 January 2000 may take many months and may require the services of a third party when the testing of live data is not practical. Moreover, the purchaser will be concerned to check contracts, licences and agreements with suppliers.