£15,000 prize for engineering entrepreneurs aged 18-25

04 Sep 2018

  • Applications open for 2018 Launchpad Competition
  • Equity-free no strings attached funding of £15,000 from the Royal Academy of Engineering’s Enterprise Hub

Applications for the 2018/19 Launchpad Competition at the Royal Academy’s Enterprise Hub are now open to engineering entrepreneurs. The winner will receive an individual award of £15,000 plus the training required to help them develop the skills to turn their engineering innovation into a business.

The Launchpad Competition winner will gain membership to the Academy’s Enterprise Hub where they will also receive mentoring and advice from a network of experts.

Applications to the programme are sought from budding engineers from across the UK. Entries for the November intake must be submitted by 16.00 on Monday 10 September 2018 via the Academy’s online grant system: https://bit.ly/2lGyo4l

Launchpad 2017Last year’s winner Nick Schweitzer, founder of Klydo, the AI-powered research assistant, said: “Winning the Launchpad Competition was a fantastic validation of our technology and idea. Succeeding in the Launchpad competition and gaining membership to the Enterprise Hub has given our team a vital financial boost going into future funding, as well as the mentorship and the expertise to accelerate our business.  Having the right skills and contacts are central to starting a successful business, particularly for young entrepreneurs, so we feel privileged to have access to a network of world-class engineers and business leaders.”

Ana Avaliani, Head of Enterprise at the Royal Academy of Engineering, said “The Launchpad Competition has been supporting young engineering entrepreneurs with the most impactful ideas to build their businesses from the ground up. We have helped bring varied innovations to market, from mobile incubators to music education tech. We are proud to support the next generation of engineering entrepreneurs at this crucial early stage of their careers and look forward to seeing the innovations that will be pitched this year.”

The winner of the Launchpad Competition receives the JC Gammon award, which is supported by the Gammon family in memory of their father, who was able to succeed in civil engineering having won a scholarship and bursary to fund his initial education.

How to apply for the Launchpad Competition

Apply by 10 September 2018 to join the Launchpad Competition in November.

All applications must be submitted via the Academy’s online grant system: https://bit.ly/21SQspj

Applicants must be UK-based and between the ages of 18-25 on the application closing date (10 September 2018). Applicants must not expect to be in full-time education from March 2019 onwards, as we expect awardees to be able to dedicate themselves to fulfilling the aims of the award.

Applications are invited from individuals or small teams demonstrating entrepreneurial promise, however the award will be made to the lead individual, and only they will receive the training and mentoring on offer.

If you have any questions concerning the application or the online grant system, please contact the Enterprise team at enterprise@raeng.org.uk.