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The Royal Academy of Engineering 2019/20 Enterprise Fellowships for recent graduates & International PhD students based in the UK ( £60,000 equity-free funding)

Application Deadline: September 1st 2018

Applications for 2019/20 Enterprise Fellowships are now open. The submission deadline for Stage One is 4pm on  Saturday 1 September 2018.

The 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.

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

To date we have provided training, mentoring and £4.5million seed funding to 73 Enterprise Fellows (‘Hub Members’).

 

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 PhD students are eligible to apply, but must receive their PhD before they start the Fellowship or the offer will be withdrawn.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.

For More Information:

Visit the Official Webpage of the Royal Academy of Engineering 2019/20 Enterprise Fellowships

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