This scheme is now open: the deadline for submission is 4pm on Monday 2 October.

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.

Could your innovation change the world? Enterprise Fellowship flyer (252.90 KB)

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, through training and application
  3. To develop role models of entrepreneurship
  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
  • Training in essential business skills
  • Public relations support
  • Access to the Academy’s networks
  • Membership of the Enterprise Hub, including free access to the Hub's touchdown workspace and meeting facilities

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

So if you are an academic, from PhD student through to Professor, based at a UK university and have an innovation or technology you wish to develop through a spin-out, or you have graduated since January 2012 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 (612.53 KB)

Royal Academy Standard contract terms (641.04 KB)

For further details, please email the Enterprise team.