The Royal Academy of Engineering has launched a competition for young technology entrepreneurs that will see the winner receive mentoring, training and a cash prize of £15,000 to help launch their start-up business.
The winner of the Launchpad competition will be presented with the JC Gammon award, which encourages young people to think commercially early on in their careers.
The winner will become a member of the academy's Enterprise hub, an initiative that sees more than 100 of the UK's leading technology entrepreneurs pledge their time to mentor the country's most promising start ups and SMEs.
The academy will also invite the winner to pitch to a number of leading UK business support groups with a view to securing further interest and investment.
David Gammon, the primary benefactor of the award, said: “Age is irrelevant to coming up with good ideas, and it's vital that we help the young, talented engineers to develop their entrepreneurial skills in order to take their great ideas to market.”
Arnoud Jullens, head of enterprise at the academy, added: “The Launchpad competition has been established to encourage this country's talented young engineers to think beyond product development and consider how their innovations might be developed into a fully-fledged, vibrant business. This is incredibly important to the continued growth of the UK engineering sector.”
The winner will bechosen by a panel of experienced engineering entrepreneurs.
The deadline for entries is Monday 30 June. Further details of the competition can be found here www.raeng.org.uk/prizes/launchpad