Royal Academy of Engineering Enterprise Fellowships in 2024
The Enterprise Fellowships at the Royal Academy of Engineering UK welcome international students worldwide for doctoral studies. This program supports innovative and creative entrepreneurial engineers who have demonstrated outstanding novelty in engineering that they aspire to further develop. The focus is on equipping awardees with the skills, experience, confidence, and a network of expert advisers necessary for the development of their innovation. The Enterprise Fellowships support three categories of individuals: recent graduates aspiring to establish a company, researchers aiming to spin out a company from a university or research institute, and international PhD students based in the UK who wish to spin out or start up.
Scholarship Summary:
- Level of Study: Postdoctoral
- Institution(s): Royal Academy of Engineering
- Study in: UK
- Opportunity Focus Areas: Engineering
- Program Period: One year
- Deadline:
- Stage 1: August 29, 2024 (Opens in January)
- Stage 2: October 2024
Scholarship Coverage: The Royal Academy of Engineering Enterprise Fellowships provide the recipient with the following benefits:
- Up to £75,000 equity-free startup funding grant
- Expert business mentoring and coaching
- 15 days of business training
- Membership of the Equality, Diversity, and Inclusion toolkit
- Access to a community of Hub Members, Academy Fellows, investors, industry experts, and partners
- Flexible working space at the Taylor Centre, their physical hub
- Hub membership for life.
Eligibility Criteria for Royal Academy of Engineering Enterprise Fellowships: To be eligible for the Enterprise Fellowships at the Royal Academy of Engineering, candidates must fulfill the following criteria:
- Required Language: English
- Eligible Countries: All World Countries
- Key eligibility criteria include having a Technology Readiness Level (TRL) of 4 or above, equity investment in the business being less than £500,000, owning or co-owning the intellectual property, holding the highest equity stake in the company within the founding team, and having the ambition to be the CEO or COO of the business.
For more detailed eligibility criteria, applicants are encouraged to review the full list on the official website before applying.
How to Apply for Royal Academy of Engineering Enterprise Fellowships: To apply, applicants must register with the system here. Once logged in, select My Applications in the top left corner and choose an application form from the list of currently open programs. The application process consists of two stages:
- Stage One: A brief overview of yourself and your idea, assessing eligibility and fit with the program.
- Stage Two: A more detailed application considering the idea’s merit and your potential to lead a startup. This includes providing information about yourself, the team, the technology, and the business model.
The application will be reviewed by a panel of experts, and successful candidates will be invited for an interview.
For any inquiries, applicants can email the Enterprise team.
To learn more about the Enterprise Fellowships at the Royal Academy of Engineering, please visit the website
