- Your company must have cumulatively raised at least £1,000,000, through either equity investment (from inception), turnover in the last financial year (excluding grants or consultancy), or a combination of both.
- Both engineers and non-engineers who work at engineering and technology SMEs based in the UK are welcome to apply
- Applications must be written and submitted by the intended recipient
- Applicants must come from a company based in the UK and registered with Companies House. For multinational companies, the Head Office must be based in the UK
- Applicants of any nationality are eligible as long as you have the right to work in the UK
- Only applicants from SMEs who aren't wholly or majority owned by another company are eligible (SME as per the EU definition)
- We cannot accept applications from consultancies
- Software companies must exhibit engineering as their core component and should be innovative and protectable
- Only one applicant per company per round
- The Academy is committed to diversity and welcomes nominations and nominees from women and other groups who are currently under-represented across engineering, as well as recognising the full breadth of engineering.
- Each enterprise can submit a maximum of one application for the programme if they are successful. One additional application will be considered in another round if it is submitted by a candidate belonging to a group that is underrepresented within UK engineering. Please note this also includes those who were successful in gaining a place on the previously named SME Leaders programme.
This positive action will contribute to improving diversity in the talent pipeline and widening the diversity of applicants and awardees within the Academy’s grant schemes.
The Academy is committed to diversity and welcomes nominations and nominees from women and other groups who are currently under-represented across engineering, as well as recognising the full breadth of engineering.
In this round, the Academy’s contribution will be capped at a maximum of £45k per annum which equates to a total of £225k over five years.
- The awardee will be provided with a mentor (a Fellow of the Academy) to provide independent expert advice and guidance on research related matters throughout the duration of the award.
- The awardee can spend no more than 4 hours per week on teaching/administration duties enabling them to focus on delivering use-inspired research, that creates impact for their industrial sponsor.
- The awardee will be expected to participate in an Annual Review Meeting and submit an Annual Progress Report each year of the award.
Full details of the RAEng mentoring and reporting requirements are outlined in the Mentoring and Reporting Guidance for Research Chairs and Senior Research Fellowships