- Ever thought you could improve on an existing product or service?
- Ever had an idea to solve a problem in the community or improve the lot of a particular group of people?
- Recently set up an innovative business in the local area? – then this competition is for you!
This year, the cash prizes total a fantastic £8,500 with additional accountancy and legal packages available too. The competition is open for entries to any student enrolled at a University of the Highlands and Islands’ college or research centre as well as residents aged 16 years or over living in the Highlands and Islands, Moray and Perthshire.
Entrants will have a business idea they want to progress or have recently started up in business but have not been trading prior to midnight on the 12th January 2019. (Full terms and conditions are available here, please confirm eligibility prior to registering your entry.)
The competition asks 4 questions which require responses of no more than 2,000 characters:
- Explain your business idea – what will be special about your business; what need are you fulfilling; why will customers choose your business?
- What inspired you to think of your idea?
- Who will your customers be – age range, specific interests, mixed groups?
- What will you need to make your business idea a reality – premises, equipment, people, funding, etc?
Back again this year..
We have received funding and support from the Engineers in Business Fellowship as follows:
- £3,000 Prize Fund: split into prizes ranging from £500 to £1,000 each for the top individual engineers, teams made up of engineers, or teams comprising students from different disciplines including engineers. A mixed team must include at least one engineer to qualify for an engineering prize.
- The top team or individuals are eligible to have a Sainsbury Management Fellow mentor assigned to them to offer ongoing career guidance and support. They will also be invited to select EIBF networking events, such as those held at the Royal Academy of Engineering.
Many thanks to the following for their sponsorship and support:
University of the Highlands and Islands, Inverness College UHI, The Apprentice Store, Business Gateway, Engineers in Business Fellowship, Essence of Harris, Harper Macleod LLP, Impact 30, Impact Hub Inverness, and Johnston Carmichael.