Students at Imperial College London will benefit from the college’s new entrepreneurship centre which has been set up to help academically trained scientists and engineers to convert research or theoretical ideas into viable business propositions.
10,000 science, engineering, management and medicine students will be given the opportunity to ‘earn while they learn’. The centre is running an Entrepreneurs Challenge which is made up of a first stage Ideas Challenge followed by a New Business Challenge. Entrants to the New Business Challenge are expected to submit a full business plan for a prize of £25,000.
Professor Sue Birley, Imperial’s professor of entrepreneurship, said: “These are exciting times at Imperial. All students now have the chance to learn about entrepreneurship and to try out their new business ideas. We believe that our centre will widen the opportunities open to them, whatever they choose to do in the future.”
The centre won a £2m government award to help it develop its educational model. Sponsors include: Moulton Charitable Trust, Merlin BioSciences, Aon Risk Services and Barclays Capital.