The Royal Academy of Engineering Enterprise Fellowships scheme is now open for applications. The scheme supports both post-doctoral academics and recent graduates.
Enterprise Fellowships stimulate excellence and encourage creativity and innovation in engineering by supporting the founders and leaders of tomorrow’s high-tech companies, be they spin outs or start-ups. The awards provide money-can’t-buy bespoke support and one-to-one mentoring from the Academy’s Fellowship, which is composed of some of the country’s most successful engineers from across academia and industry. Support is provided to both university-based academics wishing to spin-out a company, and also to recent graduates wishing to create a company.
Prior experience of commercialisation activities is not required, the desire and capability to succeed is more important and we will equip you with the necessary skills through a programme of training and mentoring.
Awardees receive up to £60,000 funding, 12 months expert mentoring from successful entrepreneurs, bespoke training and membership of the Enterprise Hub.
The Academy is a charity and does not take any equity stake in the companies formed.
So if you are a postdoctoral researcher at a UK-based university with an innovation or technology you wish to develop through a spin-out, or you have graduated within the last five years and are seeking to run a startup in the UK, then this scheme will be of interest to you.