King's launches an entrepreneurship competition for students and alumni
King's has launched King's Enterprise, a new entrepreneurship competition for King's students and alumni.
The aim is to encourage and support King’s students and alumni to develop promising ideas in entrepreneurship and innovation. Ideas can result from academic study, from research projects, from business study in or outside Cambridge, or from the creative stimulus that the College provides!
Support given through King’s Enterprise will be applied flexibly and can be used in a variety of ways. It can contribute towards start-up costs, research, business expenses and/or accommodation. Concepts that require time and a small amount of funding can be brought toward successful fruition and provide public benefit. The possibility of mentoring also is part of the initiative.
The competition will be run annually and entrants must submit a one-page business plan. The plans will be judged by a panel comprising alumni from the business world as well as a group of King's Fellows.
Those with the best plans will be awarded up to £1,000 and may be invited to prepare a full business plan, which will be considered for an investment normally up to £20,000.
The competition is funded through the Stuart Lyons Fund for Entrepreneurship. For details see the King's Enterprise website.
The deadline for submissions to the first competition is noon on Tuesday 30 September 2014.