Around 200 highly skilled international engineers from nine different countries will come to London over the coming two months starting today (9 February) to attend a specially designed, eight-day intensive residential course in entrepreneurship and innovation delivered by the Royal Academy of Engineering.
The 200 engineers have been selected from a shortlist of thousands to receive a Leaders in innovation fellowship, designed to increase research and innovation capacity in emerging nations. The fellowships are aimed at engineering researchers developing or wanting to develop a business based on their own innovations.
The researchers will receive entrepreneurial training from expert coaches, honing skills such as writing business models, presentation and pitching and will also spend time with a UK company tackling a real market challenge. By the end of the course, the researchers will have developed a commercialisation plan for their own innovations.
Shane McHugh, Head of International Activities at the Royal Academy of Engineering, said of the fellowships:
"This programme will give researchers in partner countries the confidence and skills to help commercialise their innovations. But equally importantly, it gives them links to their UK peers which will benefit both countries as their businesses develop.”
The programme is part of the broader UK Newton Fund which seeks to build international science and innovation partnerships that promote the economic development and welfare of developing countries.
During the programme, the researchers will have the opportunity to network with their mentors, representatives of technology driven organisations, and each other. All participants in the Leaders in innovation fellowship programme will automatically join an international network of innovators and mentors linked to the Academy’s Enterprise Hub.
On their return from the programme, each cohort will receive continuing support for their development from their respective home countries.
Notes for Editors
The Leaders in Innovation Fellowship programme brings cohorts of 10-15 innovators from selected partner countries to the UK for a residential course of training and mentoring in entrepreneurship and commercialisation. Fellows are jointly selected by the Academy and the in-country partner organisation on the basis of the excellence of their research, the potential of their innovation, the social and economic benefits of their innovation, as well as their potential as entrepreneurs.
Alongside the training aspect of the Programme, Leaders in Innovation Fellows will also gain access to the Academy’s Fellow’ knowledge and networks through Master classes and networking with the Academy’s Enterprise Hub.
The Newton Fund is part of the UK’s official development assistance. Its aim is to develop science and innovation partnerships that promote the economic development and welfare of developing countries.
The fund is £75 million each year from 2014 for 5 years. We expect that the UK funding will lead to extra funding from:
Royal Academy of Engineering. As the UK's national academy for engineering, we bring together the most successful and talented engineers for a shared purpose: to advance and promote excellence in engineering.
We provide analysis and policy support to promote the UK's role as a great place to do business. We take a lead on engineering education and we invest in the UK's world-class research base to underpin innovation. We work to improve public awareness and understanding of engineering. We are a national academy with a global outlook.
We have four strategic challenges: Drive faster and more balanced economic growth; foster better education and skills; lead the profession; promote engineering at the heart of society.
For more information please contact:
Giorgio De Faveri at The Royal Academy of Engineering
T: 020 7766 0655
E: Giorgio De Faveri