UCL is pleased to announce the launch of the George Farha New Venture Awards to support promising student start-up businesses.
UCL Announces Sixth Annual Enterprise Awards
16 May 2013
UCL has announced its Awards for Enterprise to recognize the achievements of students, graduates and academic staff to furthering enterprise and entrepreneurship on campus with a ceremony on the evening of Tuesday 14 May.
In their sixth year, the Awards celebrate the exciting new business ideas of student and graduate entrepreneurs – ranging from Bebe Mtoto, a company offering baby harnesses to PhotoSynthesis, a company whose business idea is clip on smartphone photo printers – as well as showcasing the entrepreneurial activities of staff and sector-leading partnerships between UCL and the business community.
Following close working over thirty years, Cisco has been awarded UCL Corporate Partner of the Year 2013, in particular recognition of the role it has recently played – along with media company DC Thompson – in the Innovation and Digital Enterprise Alliance (IDEA), which agreed to establish IDEALondon, an innovation hothouse in Shoreditch, in December last year.
Commenting on the Award, Phil Smith, CEO Cisco UK & Ireland said:
has been a great collaborator with Cisco for many years now, reaching
from the very earliest days of the internet through to the recent prime
ministerial announcement of the IDEALCentre which we’re jointly
launching with DC Thomson and the university.
calibre of UCL and the calibre of Cisco makes for a great partnership –
that’s been proven by the lengths of the relationship and the fact
we’re continually innovating together.”
The best and brightest student and graduate entrepreneurs were also recognised, with a total of £100,000 in funding provided as part of UCL’s Bright Ideas Awards, designed to support the development of new businesses emerging from UCL. A full list can be viewed here.
These Bright Ideas Awards, first established in 2008, are designed to support the development of new businesses emerging from UCL. A fund of£50,000 is available to businesses led by UCL students from any department; of that £25,000 is available for businesses led by undergraduate students and £25,000 is available for businesses led by post-graduate and alumni students.
In addition, since last year an additional £50,000 loan pot is available for awards to members of the MSc Technology Entrepreneurship course and for graduates from the last eighteen months who’ve started businesses on graduation.
The successful applicants had to supply a full business plan for their idea, including specific details of how the Bright Ideas funds would be used to finance the business development, and benefited from the input of UCL Student Business Advisor Lillian Shapiro in honing their plans. Those chosen were done so because it was felt they would benefit most from the money in terms of expanding their businesses.
The Awards for Enterprise also saw the successes of UCL’s academic staff recognised, with an award sponsored by UCL Business PLC – the university’s technology transfer company – presented to Professor Pete Coffey for his part licensing to Pfizer a treatment for age related macular degeneration.
UCL Consultants, offering consultancy with the university’s world-leading experts, presented their award to Professor Polina Bayvel for her work with Huawei Technologies to develop high-speed optical communication and networking.
Commenting on the Awards for Enterprise, Director of UCL Advances Timothy Barnes, the university’s centre for entrepreneurship, said:
“This year we have focused on interactivity as the theme of the Awards, in recognition of the increasingly dynamic digital innovation by entrepreneurs across UCL, whether staff or students.
“UCL is committed to supporting enterprise across the university and in the wider world too, so it is especially pleasing to make awards to Cisco, HCP Social Infrastructure and PassivSystems – partnerships which have all yielded great results for UCL, the businesses themselves and the community at large.”
UCL Corporate Partnerships
UCL Awards for Enterprise 2013 Winners
Flat-Club article: Another great day (or rather, night) for Flat-Club & UCL students to take home an award!