The Royal Academy of Engineering Enterprise Hub was formally launched on 29 April 2013 by a group of leading innovators, entrepreneurs, business angels and venture capitalists who saw the need to drive economic growth by promoting engineering innovation and entrepreneurship.
“The vision for the Hub is to seed a culture of success among the most ambitious and high-potential technology-intensive SMEs in the UK,” Ian Shott CBE FREng (Chair of Enterprise Committee) explained at the 2013 Hub launch event. “It will build their capabilities and provide them with essential connections to established financing and business clusters that offer access to finance and routes to market.”
The Hub was founded to support and encourage the next generation of engineering and technology businesses through their business cycle. As well as mentoring and other strategic and practical support from Fellows, the Hub provides entrepreneurs with networking opportunities and introductions to potential sources of funding. Mentors pledge to donate their time – totalling more than 800 days a year – to contribute to the Hub’s initiatives.
It deploys the Academy's wealth of business and entrepreneurial expertise in the national interest by supporting the engineering ideas, entrepreneurs and growing businesses with the greatest potential to change lives and increase prosperity. It will strengthen the Academy's reputation as a valuable national resource for business and innovation.
“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.”