UK RAEng 2023 Enterprise Fellowships For Entrepreneurial Graduates

UK RAEng 2023 Enterprise Fellowships For Entrepreneurial Graduates

Worldwide 29 Aug 2024
for9a Mina7

for9a Mina7

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Host Country
29 Aug 2024
Opportunity funding
Partial funding
Eligible Countries
This opportunity is destined for all countries
Eligible Region
All Regions

Award or Grant Description $$  varies

Enterprise Fellowships is a 12-month accelerator programme for creative and entrepreneurial engineers who have an impactful innovation ready to commercialise at the seed or pre-seed stage. Over the course of the year, we will equip you with the confidence, skills, experience and networks you need to bring your engineering product to market.  

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Eligibility Criteria

Broadly speaking, we support: 

  • Researchers wishing to spinout a company from a university 
  • Recent graduates seeking to found a startup 
  • International PhD students (already based in the UK) wanting to spinout or startup  

You meet our key eligibility criteria if: 

  • The Technology Readiness Level (TRL) of your solution is 4 or above 
  • Equity investment in your business is less than 500,000 GBP 
  • Your innovation is protectable and you own or co-own the IP 
  • Within the founding team, you own the highest equity stake in the company 
  • You are, or have the ambition to be, the CEO or COO of the business 
  • For startups: you are not a student or otherwise employed during our programme  
  • In addition for startups: you have completed your very first university degree by 1 July 2017 
  • For spinouts: you are currently employed by the university 
  • If relevant, your PhD viva will be held no later than 30 November 2022 

Offered Benefits

What we offer works – we have provided £9.2 million in grant funding to upskill over 150 Enterprise Fellows, who have gone on to create companies valued over £550 million. As a charity, we don’t take any equity, all we ask in return is your passion and determination to become part of the next generation of entrepreneurs. 

You will receive: 

  • Up to £75,000 equity-free startup funding grant, 
  • Expert business mentoring and coaching, 
  • 15 days of business training, 
  • Subscription to our Equality, Diversity and Inclusion Toolkit, 
  • Access to our community of Hub Members, Academy Fellows, investors, industry experts and partners, 
  • Flexible working space at the Taylor Centre, our physical hub, 
  • Hub membership for life. 

Application Process

Go to Royal Academy of Engineering on raeng.org.uk to apply
  1. Register and create a profile via the grant system
  2. Read the Applicant Guidance notes below that are necessary to complete your online application

Required Documents:

Supporting documents

  • Applicant Guidance Notes July 2023
  • Pitch Deck Template
  • Additional Guidance Notes July 2023

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