The Royal Academy of Engineering has opened a new round of applications for its 2019 SME Leaders programme. Delivered by the Academy’s Enterprise Hub, the programme aims to develop the leadership and business skills of the UK’s most promising high-growth SME engineering leaders.
Those chosen to take part in the programme will become members of the Enterprise Hub and receive funding of up to £10,000 towards the cost of leadership training courses. They will also have access to the meeting facilities and informal work space of the Enterprise Hub’s Taylor Centre in central London for mentoring, one to one coaching, and private business meetings.
The SME Leaders programme has been growing in popularity since it was established in 2017. To date it has supported 53 leaders in engineering across sectors such as space technology, artificial intelligence and manufacturing to unlock investment, prepare for rapid growth and establish company cultures that attract exceptional talent.
Applications must be submitted by 16.00 BST on Monday 3 June 2019 via the Academy’s online grant system.
It is essential that leaders of high-growth businesses are able to navigate new markets and capitalise on business growth, particularly in the engineering profession where only 27% of enterprises in the UK are engineering-related.
The SME Leaders programme aims to help founders, managing directors and C-suite executives improve their leadership acumen to capitalise on growth opportunities.
One of the programme’s alumni Dr Cristina Blanco Andujar, Chief Technology Officer at MediSieve, said:
MediSieve has created a magnetic blood filtration system that has the potential to transform the treatment of blood-borne diseases including sepsis, leukaemia and malaria. Having spun out from University College London in 2015 to commercialise the idea, the company has since raised a total of £2.1M in equity funding and is preparing for its first clinical trials.
Ana Avaliani, Head of Enterprise at the Royal Academy of Engineering, said “The SME Leaders Programme has been running for two years and we have been pleased with the progress our current cohort has made - whether raising funds to grow or entering new markets. The Enterprise Hub exists to provide the skills and support we know are essential in inspiring belief in engineering enterprise. We look forward to receiving more high quality applications for this year.”
Since 2013, the Enterprise Hub has supported over 100 entrepreneurs and SMEs, helping to develop ideas into investable, high-growth companies.
For more information on the SME Leaders programme please visit https://www.raeng.org.uk/grants-and-prizes/support-for-entrepreneurs/sme-leaders-programme
 The state of Engineering, Engineering UK, 2018