The Royal Academy of Engineering Enterprise Hub was formally launched in April 2013 by our current Chair of the Enterprise Committee, Ian Shott CBE FREng, and a group of leading innovators, entrepreneurs, business angels and venture capitalists to address a gap in the market for patient support for engineering entrepreneurs.
Due to our charitable status, we are uniquely placed to provide the sustained support needed to build innovative engineering companies.
The Hub draws on the expertise of the Academy’s Fellowship, which consists of some of the most successful and talented engineers from academia and business. We connect today’s engineering leaders and innovators with the leaders and innovators of tomorrow.
Our objectives are to:
In the first year, we awarded six Enterprise Fellowships to university researchers. Since then, we have supported over 130 researchers, recent graduates and SME leaders to startup and scaleup their businesses. We’ve awarded over £4 million in grant funding, and our Hub Members have gone on to raise over £100 million in additional funding.
“This stellar list of mentors – many of whom have founded and led some of the UK's most successful engineering businesses - will ensure the next generation of talent keeps Britain at the forefront of science and innovation.”