The Royal Academy of Engineering Enterprise Fellowship scheme is now open for applications.
Enterprise Fellowships provide funding and support to entrepreneurial engineering researchers, working at a UK University, to enable them to develop the commercial potential of their research. The aim of Enterprise Fellowships is to encourage aspiring entrepreneurs to commercialise technology based business ideas from academic institutions into spin out companies. Enterprise Fellowships provide up to £85,000 seed funding and salary support for 12 months. In addition to the funding, training is provided to give each Enterprise Fellow the tools, contacts and confidence to transform their idea into a successful business project or venture. Business mentors (drawn mainly from The Royal Academy of Engineering Fellowship) are allocated to each Enterprise Fellow to provide additional support and advice for the duration of the Enterprise Fellowship as well as access to business angels and venture capital networks.
The closing date for applications is Monday 9 September 2013.