Million Makers FAQs
Can my company enter more than one team?
It is possible to enter more than one team. This works best for companies with a large employee base and multiple sites. We advise against having multiple teams from the same location.
Positioning Million Makers as an exclusive development opportunity works best. Having more interest than spaces available is a brilliant position to be in, and we have lots of ideas of how those not selected can still get involved.
What if our team are spread out across different locations?
It is not uncommon for one Million Makers team to be spread out across different location and it can be a great way to encourage multi-site team work. We recommend ensuring there are tools available for the team to communicate effectively, and that they have the opportunity to meet in person at key points during the competition.
How much does it cost to sign up to Million Makers?
Million Makers is free to take part in. Seed funding of up to £1,500 is provided by The Prince’s Trust and we provide resources and support throughout the six months period. To safeguard our funds, the company will be required to underwrite this upfront capital investment.
All funds raised by teams during the competition are then donated back to The Prince’s Trust to support young people in the UK.
Are there any rules in the Million Makers competition?
As with any good competition there are some rules in place to enable The Trust to support you, and ensure your team gets the most from the competition. We’ll go through them on the launch day in detail but they are:
- Six months fundraising – team’s activities need to fall within the competition’s six months to count towards their total
- Million Makers guidelines – all teams are asked to adhere to the guidelines provided on the online portal which include topics such as marketing, logo use and press
- Regular communication – teams are asked to provide a monthly update to The Prince’s Trust during the competition and keep in regular contact with their mentors
- Existing Prince’s Trust activities – we cannot count existing activities already taking place to raise funds for The Trust e.g. Palace to Palace and pre-bought places on active events. Teams can however piggy back off other pre-existing non Prince’s Trust activities.
- Make sure it’s legal – all activities need to be compliant with UK law and pre-approved by The Trust
How do the Million Makers regions work?
To enable our staff and volunteers to best support your company, we ask that every team is entered into one of our Million Makers regions. There are eleven regions in total, please see below for a list and the key sites. Not all of the team members need to be based in the region selected.
The selected region is where your team’s Prince’s Trust contact and mentor will be based, and the location in which the team’s launch day, dragons’ den pitch, half way event and regional final will be hosted.
Region / Country
|North East of England||Newcastle|
|North West of England||Manchester and Liverpool|
|Scotland||Edinburgh and Glasgow|
|South East of England||London|
|South West of England||Bristol|
|Yorkshire and Humber||Leeds|
What is the time commitment with Million Makers?
The time commitment required for Million Makers will vary team by team depending on the nature of their activities and how well they work together. Time management is one of the key skill that participants can develop during the competition. Teams should consider time vs. outcome when they are choosing their initiatives.
As a very rough average we estimate the competition will take one day, per team member, each month. Some companies allow an allocation of paid time to take part in the competition, however this is not a requirement.
What is the role of the company mentor?
The company mentor role is a great volunteering opportunity for a senior member of staff. The experience and knowledge the company mentor has plays a key role in being an advocate for the team’s initiatives and advising the best steps to take within your business.
We encourage the company mentor to be involved promoting the competition during the recruitment of the team. Once the competition starts the mentor provides advice or guidance where needed, and where possible joins a team meeting at least once a month.
Can we have more than one company mentor?
Absolutely, although we would advise having a lead mentor identified. Each team needs at least one company mentor in place but there can be more than one. You may want to have mentors representing different parts of your business who can provide a variety of expertise.
What support does The Prince’s Trust provide?
We are here to ensure your team gets the most out of the competition and has the best chance of success. Every team will have the following:
- Advice on setting up Million Makers in your company
- Up to £1,500 seed funding
- A dedicated point of contact at The Prince’s Trust
- A comprehensive online portal of advice and resources available exclusively to Million Makers teams
- Invitations to inspiring and informative events at key stages in the competition
- Where available, a volunteer Prince’s Trust mentor
Why does the competition have set dates?
The Million Makers competition runs in an annual cycle with key stages taking part at specific moments during the year. The six months fundraising takes place 1st July – 31st December each year. This allows teams to compete nationally as well as regionally, and ensures that the support The Prince’s Trust provides is always relevant and targeted to the needs of teams at each stage in their journey.
This is our first time taking part, is there any additional support you can provide?
We know that there can be quite a few things to set up if this is your first time taking part. Our Million Makers staff are on hand to provide plenty of support, and many of our more experienced companies are also willing to provide advice.
We have our team recruited, what do we do next?
The first step is to let your Prince’s Trust contact know and send the completed registration form to them. We can provide your team with some resources to already take a look at before the official launch day.
If you’ve recruited your team ahead of the early bird deadline, well done! We have an early bird rewards package which includes some extra merchandise, an invitation to an exclusive top tips session and a free prize item that the team can use for their fundraising.
What if our team doesn’t raise £10,000?
Whilst we ask teams to aim to raise a minimum of £10,000 profit over six months, we do not penalise them if they don’t. As a charity we rely on the fundraising generated from the competition and ask teams to do their best as well as use the guidance and support provided.