Entrepreneurship

The King’s Entrepreneurship Prize encourages and supports King’s Members in the development of promising ideas and concepts. Ideas can be of a commercial or social entrepreneurship nature, can be completely new or in a partially-developed form. The competition has a 1st Prize of £20,000, two runners-up prizes of £10,000 and £5,000, as well as the possibility of further investment from our panel of judges.

During the first stage of the competition, one-page business ideas are reviewed. Those judged to be the most promising by our panel of expert judges will be invited to submit four supplementary pages of information about their idea for consideration. Finalists will then be selected to prepare and present a full business plan in person to the judging panel.

This is an annual prize, open to all King’s Members – current students and alumni. Entrants may be an individual or a team, we just ask that the team leader is a King’s Member. Details for entry to the 2020 Entrepreneurship Competition will be announced later this year.
 


 

Competition Guidelines

The King’s College Entrepreneurship Prize competition will open for applications during late 2019; this page will be updated with the necessary dates in due course.

The Entrepreneurship Prize competition will be advertised online within the University and on the King’s College website, plus on noticeboards around King’s. King’s Members will be contacted by email about it.

In 2019, there will be a first prize of £20,000, a runner-up prize of £10,000, and a third prize of £5,000.

Stage one: submission of a one-page Business Idea

Prizes of up to £1,000 will be awarded for the best business ideas.

Entrants

  1. You may enter the King’s College Entrepreneurship Prize as an individual or as part of a team.
  2. Eligible individuals must be a King’s Member: current graduate or undergraduate students, or alumni.
  3. Eligible teams may have up to 6 members. At least one person within the team must be a King’s Member and designated as the Team Leader. During the competition, communications will be sent to the Team Leader.
  4. Entrants must not seek advice or approach the judging panel, the Entrepreneurship Panel, individually, for the duration of the active competition. Any entrant questions should be emailed formally to enterprise@kings.cam.ac.uk for the attention of the whole Panel.
  5. Existing businesses may be entered into the competition provided that all other entry criteria are satisfied.
  6. It is the responsibility of the entrant/s to ensure that the content of their Business Idea and Plan is not subject to any rights or permissions from any other third party.
  7. Entrants may submit more than one entry per competition year. Each entry must have a separate entry form.
  8. Entrants may participate in the competition in multiple years. However, no two submissions may be identical.
  9. Entrants must abide by the Health and Safety Policy of King’s College Cambridge (available on request).
  10. For current students: participation in this competition should not be prioritised above existing academic commitments and the terms of study at the University and in College.

Entries

  1. Each proposal must be lawful and the original work of the entrant/s.
  2. All proposals will be treated per the statement of ethics (see below).
  3. When submitting your one-page Business Idea on paper, please ensure that you complete the 2019 entry form. Each entry form must be signed and dated by each team member and sent to Jane Clarke, Development Office, King’s College CB2 1ST.
  4. The deadline for submission of your one-page Business Idea is 12 noon on 21 January 2019.
  5. Stage one entrants will be notified whether or not their Business Idea has been awarded a prize by 28 February 2019.
  6. If entrants would like feedback on their Business Idea submission, they may email enterprise@kings.cam.ac.uk for this by no later than 8 March 2018.
  7. If the Entrepreneurship Prize judges like your idea, the owners of winning Business Ideas may be asked for four pages of supplementary information on them, and rewarded accordingly.
    Your supplementary information package could include:
             -  A summary of the business idea
             -  Market analysis
             -  Competitive landscape analysis
             -  Key Performance Indicators (KPIs) to include additional social impact KPIs, if relevant
             -  Team
             -  Financials
             -  Progress to date
  8. Select supplementary packages will be chosen and the owners invited to prepare a full Business Plan, to present to the judges during June 2019.
  9. Entrants will be notified whether or not their supplementary information package has been successful by 9 April 2019.
  10. If entrants would like feedback on their supplementary information package, they may email enterprise@kings.cam.ac.uk for this by no later than 25 April 2019.

Stage two: preparation and Lyons Den presentation of a Business Plan

Further investment may be awarded to your business.

Three awards will be offered following the Lyons Den presentations:
o Top prize: £20,000
o Runner-up prize: £10,000
o Third prize: £5,000

The Entrepreneurship Panel look forward to reviewing the full and detailed Business Plans of those invited to partake in the Lyons Den presentations. Your Business Plan will look at the areas summarised previously in more detail. It may also address, but is not limited to including, your:
                      -  Strategic plan going forward
                      -  Communication plan
                      -  Marketing plan
                      -  Operational plan
                      -  Scheduling
                      -  Risk Management
                      -  Detailed budget

Please use available online resources to guide you in the creation of your business plan should you not already have one.

  1. Winning entrants from the first round of the competition are asked to accept or decline their invitation to prepare and present a full Business Plan. There is no obligation on entrants to accept this offer. However, should they proceed with their idea in the future, the College and Entrepreneurship Panel would be keen to be kept informed.
  2. Current students must obtain the written consent of their Tutors and Directors of Studies before accepting the offer to present a Business Plan.
  3. All Business Plan submissions must relate to the Business Idea proposed in round one of the competition.
  4. Prior to the Lyons Den presentation, each applicant will be asked to submit electronically a business plan or model and also a copy of the slides or material that pertains to their presentation. 
  5. The deadline for the electronic copy of your Business Plan and related presentation material is 9am on 6 May 2019.
  6. All presentations will take place during June 2019. Should it be the case that an entrant team comprises exclusively or mostly of undergraduates who have exams until early June, an exception to this presentation date may be made so as to give priority to exams.
  7. The entrant/s will give a presentation to the Entrepreneurship Panel of duration no longer than 10 minutes after which there will be questions and a discussion for a further 15 minutes. 
  8. Should any entrant or members of the entrant team live or be overseas at the time of the presentations, they will be required to Skype or FaceTime in (or equivalent).
  9. Stage two entrants will be notified whether or not their Business Plan has been awarded further investment by 27 June 2019.
  10. Stage two winners will be publicised on the College website and in College communications to its Members and Friends.

Post-competition

  1. King’s College asks the final three winning entrants, as decided at the Lyons Den on 28 June:
           -   To participate in a photograph, to be used by the College in King’s communications and potential future
                Entrepreneurship Prize marketing.
           -   To write an impact statement in the 30 days following an award presentation.
           -   To provide a 6-month progress update statement, to include an appraisal (and, if necessary, adjustment) of
                KPIs and acknowledgement of key points of learning thus far.
            -  To provide an 18-month progress update statement, in line with that produced at 6-months.
            -  To be willing to return to College in subsequent years to talk to other potential entrepreneurs about the
               Entrepreneurship Prize competition.
  2. The College will make available to winning entrants opportunities to apply, without obligation, to members of the Entrepreneurship Panel for funding, mentoring or financial introductions.

Additional items

  1. The College is not obliged to accept submissions at any round if they are received after the respective deadline.
  2. The Entrepreneurship Panel is appointed at the discretion of the College.
  3. All prizes are awarded at the discretion of the Entrepreneurship Panel. The Entrepreneurship Panel decide the specific values of the funding awarded during the competition to entrant/s, the date at which the funding is disbursed, and any conditions attached to its use. All judging decisions and their conditions are final and not subject to appeal.
  4. The College may choose to feature any participating business in future PR and marketing for the Entrepreneurship Prize.
  5. King’s College reserves the right to withdraw funding if it is not used for the purposes for which it was intended or if the Entrepreneurship Panel believes the use of the funding brings the Entrepreneurship Prize, King’s College or the Entrepreneurship Panel into disrepute.

Judges

The judges of the 2019 Entrepreneurship Competition will be as follows:

Jonathan Adams (KC 1986, Economics)
Jonathan has been a Sector Portfolio Manager at Investec Asset Management since 2006; previously at Citigroup, he has over 17 years experience in asset management. Prior to that, he led European Wireless research at JPMorgan having worked in advisory roles in the telecommunications sector. Jonathan has also been an angel investor for many years, but more recently he has focussed his efforts on companies delivering social impact and is a founding member of the Clearly Social Angels Network, the UK’s largest impact investor group. In addition he is a member of the Admissions Panel of the Social Stock Exchange. Furthermore, Jonathan is a trustee of the Irene Taylor Trust, which promotes music in prisons to break the cycle of reoffending and a member of the Finance Committee of the Wates Foundation. He has an M.P.A from Princeton University where he was a Woodrow Wilson Fellow.

Mike Bate (KC 1991, Developmental Biology)
Fellow of King’s and Emeritus Professor of developmental biology in the University Department of Zoology. His research is concerned with the way in which the machinery underlying coordinated movement is genetically specified and assembled during embryonic development.  

Megan Donaldson (KC 2015, Law)
Megan Donaldson holds a JRF in the History of International Law. She has interests in public and international law, and has written on changing modes of governance in and through international organizations, with a particular emphasis on how this affects the developing world. Her current research focuses on the history of secrecy and publicity in diplomatic relations from the late eighteenth to the twentieth century.

Tim Flack (KC 1995, Electrical Engineering)
Fellow of King’s and Senior Tutor; in the University he is a member of the Electrical Group in the Electrical Engineering Division and works particularly on electric machines and drives, and on numerical simulation of electromagnetic fields.

Hermann Hauser KBE (KC 1973, Physics)
An Honorary Fellow of King's, Hermann is an entrepreneur and venture capitalist who has been described as a "grandee of the British computing industry" (The Engineer, 11/03/2013). He has founded several companies including Acorn Computers (and a spin-out company ARM Holdings), Active Book Company, Virata, Net Products, NetChannel and Cambridge Network Ltd. In 1997 he co-founded Amadeus Capital Partners, an investment firm. He is a Fellow of the Royal Society of Chemistry, the Institute of Physics, the Royal Society and of the Royal Academy of Engineering, and was awarded an Honorary CBE for ‘innovative service to the UK enterprise sector’ in 2001 and a KBE in 2016. Hermann was awarded an MA in Physics by Vienna University; he took his PhD in Physics at Cambridge and in addition holds honorary degrees from several institutions. From 2013 to 2016 he was a Development Board member.

Lorraine Headen (KC 2016)
Fellow and Director of Development. Formerly Senior Associate Director (Principal Gifts) at Cambridge University, and prior to that Lorraine worked in fundraising for a variety of institutions including both Kent and Durham universities.

Stuart Lyons CBE (KC 1962, Classics)
Fellow Commoner of King’s. Stuart has been a business leader in the consumer product, retail and service industries, and was awarded a CBE for services to the china industry. His public roles include chairmanship of the British Ceramic Confederation and the West Midlands Development Agency, and membership of the Monopolies & Mergers Commission. He has an honorary DLitt from Keele University and is a graduate of the Advanced Management Program at Wharton, USA. He chaired the King’s College Development Board from 2010-13.

Cam Middleton (KC 1988, Engineering)
Fellow of King’s and Laing O’Rourke Professor of Construction Engineering; Director, Laing O’Rourke Centre for Construction Engineering & Technology. His specialism is bridge engineering, particularly yield-line analysis and reliability analysis of bridges.

Gerard Mizrahi (KC 1970, Economics)
Managing partner and chief executive of Charles Street Securities Europe LLP, a private investment firm which he founded in 1984. The firm specialises in the financing of early stage growth companies and manages the CSS Alpha Fund. He has had an extensive career in investment banking and private equity investing and at the beginning of his career Gerard was employed by the Chase Manhattan Bank from 1973 to 1983 in the bank's international, institutional and investment banking departments.

Michael Proctor (KC 2013, Applied Mathematics)
Provost of King’s College since 2013, after 39 years as a Fellow of Trinity College, where he was successively Tutor, Dean and Vice-Master. After two years in the faculty of MIT in the mid-seventies, he returned to Cambridge in 1977 as a university lecturer. He is now the Professor of Astrophysical Fluid Dynamics in the Department of Applied Mathematics and Theoretical Physics. His research is concerned with the generation and dynamics of magnetic fields in the sun and other astrophysical bodies.

Adrian Suggett (KC 1985, Electrical Sciences)
Co-founder and Director of Acano, which united previously incompatible audio, video and web technologies; it was bought by Cisco in late 2015. He was previously employed by Tandberg, a manufacturer of videoconferencing systems, which was also taken over by Cisco Systems. Since 2017 Adrian has been a business angel and invests in technology companies, some of which he also mentors.
 


 

Timeline

November 2018
Entrepreneurship Prize opens for Business Idea submissions

21 January 2019
Deadline for one-page Business Idea submissions

By 28 February 2019
Unsuccessful entrants notified that their Business Idea was unsuccessful.

18 March 2019
Deadline for submission of supplementary information (4 pages).

By 9 April 2019
Entrants notified whether or not their supplementary information pages have received an award.

Winners invited to prepare a full Business Plan to present to the Entrepreneurship Panel during June 2019.

By 6 May 2019
Business Plan paperwork, presentation slides, and any presentation needs to be submitted for pre-presentation administration.

By 23 May 2019
Lyons Den presentation times confirmed with entrants.

June 2019
The Lyons Den: presentation of Business Plans to the Entrepreneurship Panel

By 27 June 2019:
Lyons Den entrants notified whether they will receive further funding (£20,000, £10,000, £5,000)

By 15 July 2019:
Winners to send in a general follow-up statement

By 31 December 2019:
Winners to send through a 6-month progress update statement

By 31 December 2020:
Winners to send through an 18-month progress update statement
 


 

Enter the Competition!

The deadline for the competition entries is 12 noon on 21 February 2019.

Your one-page Business Idea, plus the competition entry form (see below), should be sent to Jane Clarke in the King's College Development Office. You can submit your entry in two ways:

  1. By email. Please ensure that the subject of your email reads "Entrepreneurship Prize" and also includes the first name and surname of your Team Leader.
  2. By post to: FAO Jane Clarke, Development Office, King's College, Cambridge CB2 1ST

Please ensure that you have read the competition guidelines before submitting your entry to the Entrepreneurship Competition.

Good luck in the competition!

Alumni are encouraged to stay involved with the life of the College however they can, and many generously donate their time and expertise.
Find King's graduates in your area, make connections with alumni in your industry, and find out about our Entrepreneurship Competition.
We welcome donations of all sizes to important causes such as our access programme, graduate scholarships or our renowned Chapel and Choir.
Find details of all upcoming reunions, donor events and alumni gatherings, and check the reunion schedule for future events.

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Contact Details

Development Office

King's College
King's Parade
Cambridge CB2 1ST

Tel: (+44) (0)1223 331313
Fax: (+44) (0)1223 331347

Email: members@kings.cam.ac.uk