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Royal Academy of Engineering Enterprise Fellowships 2018/2019 for recent graduates & international PhD students based in the UK (£60,000 equity-free funding)

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Application Deadline: 4pm on  Saturday 1 September 2018

The Royal Academy of Engineering Enterprise Fellowships support innovative, creative entrepreneurial engineers who have demonstrated an exceptional innovation in engineering which they want to develop further.

The programme focuses on equipping the awardee with the confidence, skills, experience and network of expert advisors necessary to enable them to develop their innovation.

We support three types of individuals through our Enterprise Fellowships; researchers wishing to spinout a company from a university or research institute, recent graduates wishing to create a company, and international PhD students based in the UK, wishing to spin out or start up.

Requirements:

University or Research Institute Employees only:

  • Applicants must be working at a UK Higher Education Institute, Research Council Insitute of National Laboratory, in an engineering department (or engineering focussed research area) and must have a PhD or equivalent experience. PhD students are eligible to apply, but must receive their PhD before they start the Fellowship or the offer will be withdrawn.
  • The applicant must currently be a researcher, or was a researcher up until the time when they chose to pursue this commercialisation project.
  • All levels of academic and researcher are eligible, from third-year PhD students all the way through to Professor or Director. The scheme is not aimed exclusively at ‘post-doctoral’ researchers.
  • The Host Institution must be committed to transferring and exploiting the particular technology via a spin-out, in which the Enterprise Fellow will be playing a leading role (CEO/COO). If at the time of application, the Host Institution has not yet decided whether to exploit the technology by licensing to an industrial partner or to exploit via the spin-out route, the decision will need to be made to pursue the spin-out route before an applicant can be invited for interview.
  • All Higher Education Institutions are eligible, as are research institutes that are able to sign up on similar terms to universities.
  • The Host Institution must directly employ the applicant for the entire duration of the Fellowship.
  • The applicant must have been involved in the research which is being commercialised, either as the lead researcher, or as part of the core team.

Recent graduates only:

  • Applicants must be based in the UK and be currently studying for, or have been awarded their very first degree, no earlier than 1 January 2013. Additionally, the degree must be in engineering, design, IT, or a related discipline. Undergraduate students are eligible to apply, but must receive their degree before they start the Fellowship or the offer will be withdrawn.
  • The Fellowship is intended for applicants who lack the support structure provided by well-established employers. Awardees cannot be employed by a university or well-established company during the period of the award. You may apply while employed by such an established organisation, but must leave the organisation prior to commencing the award. You may be employed by the start-up business to which the application relates, although it must still be in the start-up phase. You may have been through an accelerator programme, but should not be on one during the award.

Benefits:

The Fellowships provide:

  • Up to £60,000 equity-free funding
  • Tailored mentoring and training
  • PR, marketing and promotion
  • Access to our drop-in workspace in central London

How to Apply:

  • In Stage 1 you briefly tell us about yourself and your innovation. It should take about 30 minutes to complete. If the idea is suitable for the type of the support we offer and you are a good fit for the programme, we will invite you to complete a stage 2 application.
  • This stage does not assess how good the idea is, but whether it is suitable for our programme.
  • The Stage 2 application is more detailed and will consider how good the idea is, and your potential to lead a start-up. You will need to provide more information about yourself, the technology and the business model. This part of the application will be reviewed by a panel of experts and, if successful, you will be invited to interview.
  • All applications must be submitted through our online application system. For more details please see the guidance notes below and the frequently asked questions page, and if you have any questions please email the Enterprise team.

For More Information:

Visit the Official Webpage of the Royal Academy of Engineering Enterprise Fellowships 2018/2019

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