The Enterprise Fellowships scheme forms part of the Academy’s commitment to stimulate excellence and encourage creativity and innovation in engineering by identifying and supporting the founders and leaders of tomorrow’s high-tech companies. It provides money-can’t-buy bespoke support and one-to-one mentoring from its Fellowship, which is composed of some of the country’s most successful engineers from across academia and industry.

Support is provided to both university-based academics wishing to spin-out a company, and also to recent graduates wishing to create a company.

The core aims of the Enterprise Fellowships are:

  1. To bring engineering innovations to market for a wider public benefit
  2. To improve the skills of the awardee.
  3. To develop role models of entrepreneurship; and
  4. To develop a wider alumni network to further the aims of the Hub.

The Fellowships provide:

  • Up to £60,000 funding
  • Mentoring from the Academy’s Fellowship
  • Approximately Twelve days business training
  • Public relations support
  • Access to the Academy’s networks
  • Access to the Enterprise Hub meeting facilities
  • Membership of the Enterprise Hub

The Academy is a charity and does not take any equity stake in the companies formed.

So if you are a postdoctoral researcher at a UK-based university with an innovation or technology you wish to develop through a spin-out, or you have graduated within the last five years and are seeking to run a startup in the UK, then this scheme will be of interest to you. The same application and assessment process applies to both types of applicants, and all the details are given in the guidance notes below.

Enterprise Fellowships guidance notes (196.87 KB)

Royal Academy Standard contract terms (79.81 KB)

For further details, please email the Enterprise team.