Challenge for aspiring entrepreneurs

Group of entrepreneurs

Students at the University of Strathclyde are being set an entrepreneurial challenge by energy company ScottishPower-Iberdrola.

Aspiring entrepreneurs with strong, original business ideas are being invited to put forward their plans for new technologies, services or business models which could be turned into successful commercial ventures.

The competition is open to all Strathclyde students, at undergraduate, postgraduate and doctoral level and targets aspiring entrepreneurs whose novel business proposals are relevant to ScottishPower-Iberdrola’s core innovation and technology areas.

A judging panel of Strathclyde staff members, entrepreneurs and Iberdrola managers will assess proposals against a set of criteria, including originality, feasibility, market potential and team ability.

Selected participants at this stage will be able to apply for seed funding to develop their initial vision and developed propositions will be screened again by the judging panel, with the most promising invited to seek further funding for their concept.

Support

Students will receive support at the initial stage of the challenge through a dedicated coach and a development workshop. After projects have been further screened, those selected will proceed to the final round, which includes a dedicated commercialisation workshop.

The winning team will take part in Iberdrola’s Innovation Week in Madrid, where they will have the opportunity to pitch their idea to Iberdrola and its partners.

A drop-in session, offering advice and information to prospective applicants, is to be held by Strathclyde’s Hunter Centre for Entrepreneurship, on Friday 17 March, from 12 noon-1pm in room CW406B of Strathclyde Business School.

Applications close at 5pm on Friday 31 March. Find out more about the ScottishPower-Iberdrola challenge.

Strathclyde was named Times Higher Education Entrepreneurial University of the Year in 2013, in recognition of the outstanding culture of entrepreneurship fostered at the University through education, research, mentoring and partnership programmes.