£750k Government competition announced for next-generation of student entrepreneurs

A new £750k competition was announced today to help support students with clever and innovative ideas.

Launched by the Department for Business, Innovation and Skills, the StudentshIP Enterprise Awards will offer between £10,000 and £100,000 to a range of university projects.

Students will be able to bid for portions of the £750k purse with both in-house projects and collaborations between universities being considered.

The competition hopes to both support the use and understanding of IP in student enterprise activities and increase the number of IP savvy graduates leaving HE.

Projects must have a strong link to intellectual property. Full criteria can be found in here.

Turning IP into business opportunities

Minister for Intellectual Property, Baroness Neville-Rolfe, explained that “it is vital that the next generation of business-people and entrepreneurs really understand the value of intellectual property”.

This new competition will encourage enterprising students and academics to collaborate, so that their ideas for creating and exploiting intellectual property can be turned into reality and business opportunities.

The competition will run from today until 12 December 2014, with finalists announced in January and the winners in March 2015.

More information on the competition can be found on the BIS website.