Royal Academy of Engineering Enterprise Fellowships News 2024/2025, UK

The Royal Academy of Engineering is a UK-based charity that aims to harness the power of engineering to build a sustainable society and an inclusive economy. It supports excellent engineering research and talented entrepreneurs through various programs.

These programs include the Research Fellowship, which supports outstanding early career researchers to become future research leaders in engineering, and the Leaders in Innovation Fellowships (LIF) program, which supports entrepreneurs from around the globe to turn their engineering and technology innovations into sustainable businesses.

The Academy also offers the Enterprise Fellowship, a 12-month program for creative and entrepreneurial engineers, providing equity-free funding, mentorship, coaching, and access to a community of engineering mentors and alumni.

The Academy is committed to nurturing bold, scalable innovations that address economic, environmental, and societal challenges. The Academy’s initiatives have supported numerous researchers and entrepreneurs in their journey to develop and commercialize engineering innovations.

Scholarship Description:

Host University: Royal Academy of Engineering;
Host Country: United Kingdom;
Study Level: PhD Level;
Scholarship Type: Partially Funded;
Scholarship Worth: 75,000£;
Eligible Countries: International Students;
Subjects Available: Engineering;
Application Deadline: October 1^st, 2024.

The Enterprise Fellowships program at the Royal Academy of Engineering is a 12-month accelerator program designed to support talented researchers and graduates to transform their innovative engineering ideas into sustainable businesses.

The program is open to international students from all over the world who wish to pursue doctoral studies at the Royal Academy of Engineering in the UK.

The scholarship is aimed at three categories of individuals: recent graduates aspiring to establish a company, researchers aiming to create a spin-off from a university or research institute, and international PhD students in the UK intending to launch or spin out a venture, it provides equity-free funding, mentorship, coaching, and access to a community of engineering mentors and alumni.

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The fellowship focuses on equipping recipients with essential skills, experience, confidence, and a network of proficient advisors necessary for advancing their innovation. The Enterprise Fellowships program is committed to nurturing bold, scalable innovations that address economic, environmental, and societal challenges.

Scholarship Benefits:

The Enterprise Fellowships provided by the Royal Academy of Engineering offer a range of valuable benefits for recipients:

A grant of up to £75,000 without the requirement of equity for startup funding.
Access to experienced business mentors and coaches, offering expert guidance.
Fifteen days of specialized business training to enhance entrepreneurial skills.
Membership in a comprehensive community comprising Hub Members, Academy Fellows, investors, industry experts, and partners.
Lifetime membership to the hub, ensuring ongoing support and engagement within the community.

The Enterprise Fellowships program is designed to encourage excellence in engineering and bring engineering innovations to the market, supporting innovative, creative entrepreneurial graduate engineers who have demonstrated exceptional innovation in engineering and wish to further develop their ideas.

Eligibility Requirements:

To qualify for the Royal Academy of Engineering’s Enterprise Fellowships, candidates need to satisfy specific conditions:

Language Proficiency: A strong command of the English language is imperative.
Global Accessibility: The program is open to individuals from any country around the world. Prospective Enterprise Fellowship recipients must fulfill the subsequent prerequisites:
The Technology Readiness Level (TRL) of their solution should be 4 or above. • Business equity investment must not exceed £500,000.
The innovation they present must be safeguarded, and they should either possess or co-own the associated intellectual property.
The applicant, within the founding team, should have the highest equity stake in the company. • The individual should either currently hold or aspire to hold the position of CEO or COO in the business.

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The eligibility criteria for participation in the Enterprise Fellowships initiative encompass factors such as language proficiency, the nature of the business, and the technological or innovative pursuit. Moreover, the application procedure consists of two stages, with the second stage being more comprehensive, addressing aspects such as the team composition, technology details, and the business model.

Application Process

The application process comprises two stages :

In stage one : applicants provide a brief overview of themselves and their idea, which takes approximately 60 minutes. This stage primarily assesses whether the idea aligns with the program’s criteria and goals.
In stage two : applicants are required to furnish detailed information about themselves, the team, the technology, and the business model, which may take one to three working days to complete.

Supporting Documents :

The supporting documents required for the Royal Academy of Engineering Enterprise Fellowships program typically include the following:

Transcript: A transcript in English or a certified translation, providing full details of subjects studied and grades/marks obtained.
Research Proposal: A detailed research proposal may be required by the prospective School or Department. More information about the research proposal can be found on the university’s Research proposal webpage.
References: At least one reference from an academic referee who is in a position to comment on the applicant’s academic ability. Endorsed references will also be accepted.
• Proficiency in the English Language: Non-native English speakers must provide proof of their proficiency in English. This can involve submitting scores from standardized language proficiency tests such as IELTS or TOEFL.