RSE Unlocking Ambition Enterprise Fellowship Programme

Funding area: RSE Unlocking Ambition Enterprise Fellowship Programme

Applications are now open for a brand new cutting-edge entrepreneurial support scheme. The £4m Unlocking Ambition Challenge is delivered by key stakeholders from Scotland’s entrepreneurial ecosystem as part of the Scotland CAN DO initiative, backed by the First Minister Nicola Sturgeon.

The Royal Society of Edinburgh (RSE) will lead the academic stream of the inaugural programme, with support from Scottish Enterprise, based on the highly successful Enterprise Fellowship Programme that the RSE has been running for 20 years. Together, they will invest in 20 early-stage high-potential entrepreneurs with innovative projects, with the aim of forming start-up businesses in Scotland in the new RSE Unlocking Ambition Enterprise Fellowship Programme.

Up to 20 successful applicants will receive an RSE Unlocking Ambition Enterprise Fellowship which operates over a period of a year and includes a host of bespoke benefits including total grant funding of up to £900,000 (up to £45,000 grant per Fellow – £25,000 maintenance grant and up to £20,000 business development fund), a total of over £150,000 comprehensive and cutting-edge training programme personally tailored to develop business skills delivered to the highest of international standards, a dedicated mentor for each Fellow and access to professional, financial and entrepreneurial networks.

The RSE Unlocking Ambition Enterprise Fellowship Programme presents the ideal start-up changing opportunity by supporting promising ideas with the necessary skillsets to build them into successful companies. If this is you then please apply by 5 pm on Wednesday 2 May, 2018 (no late applications will be accepted). This useful infographic explains the programme at a glance.

View the Programme leaflet for more details.

Details on how to apply can be accessed via the Application Forms and Guidance section below.

Unlocking Ambition Programme – strand two with Scottish Enterprise

As well as our start-up Unlocking Ambition Enterprise Fellowship Programme, there is a high-growth scale-up ‘Mainstream Programme’ run by Scottish Enterprise, who are working with a number of organisations from Scotland’s entrepreneurial ecosystem. This programme is aimed at applicants who have the ambition and drive to turn over £1m+ within the next three years. Scottish Enterprise are also looking at entrepreneurial talent from across the globe, as is the RSE. For more general information, eligibility criteria, guidelines and application forms for this strand of the programme, please click here

 

Fund deadline

May 2, 2018 5:00 pm

Fund duration

Starting at the end of June 2018, 20 high-potential entrepreneurs will be awarded the opportunity to take advantage of this 12-month cutting-edge company start-up programme: benefits will include bespoke advice, grant funding and business-development support.


RSE Unlocking Ambition Enterprise Fellowship Programme now open!

• Inaugural RSE Unlocking Ambition Enterprise Fellowship Programme to invest in up to 20 high-potential entrepreneurs

• This is an invitation to entrepreneurs from Scotland, UK and from right across the world to submit ideas which have the potential to be transformative.

• One-year package of benefits – up to £900,000 total grant funding across the 20 Fellowships, over £150,000 comprehensive and cutting-edge training programme personally tailored to develop business skills delivered to the highest of international standards, a dedicated mentor and access to professional, financial and entrepreneurial networks

• Apply by the deadline of Wednesday 2 May 2018.

Benefits – at a glance

Successful applicants will form the inaugural Fellowship Programme cohort, thus becoming RSE Unlocking Ambition Enterprise Fellowship Champions. You will also benefit from some invaluable time to dedicate and focus on your start-up, with personalised support and the grant. An RSE Unlocking Ambition Enterprise Fellowship will be awarded to each of the 20 Fellows operating over a period of 12* months and consisting of the following elements:

● A total of up to £900,000 grant funding is available across all 20 Fellows. Up to £45,000 grant per Fellow – £25,000 maintenance grant and up to £20,000 business development fund

● A total of over £150,000 worth of comprehensive business training to develop business skills, delivered to the highest standard of international excellence by individuals who have a proven track record of commercial success – cutting-edge programme tailored to fit the requirements of each covering important topics including: financial plan, business plan, start up and spin-out process, marketing and sales, securing investment, investor pitching, building your team and scaling your business

● Access to professional, financial and entrepreneurial networks

● A dedicated mentor will support you throughout the programme from one or more of the stakeholder organisations

● Visiting status within an agreed university or research institute

*Note: The RSE Unlocking Ambition Enterprise Fellowship is a 12-month programme. Those demonstrating timely progress and a strong case for further support may be eligible to receive support for a further 12 months. Full terms and conditions apply.

Eligibility – at a glance

● Be ambitious to learn and eager to start-up and scale up your business!

● Any industry, sector or start-up idea

● The company need not be incorporated by the start of the Programme

● Open to companies with a turnover or investment to date of no more than £150,000

● New or existing start-ups must be established or located in Scotland, UK

● Must complete the application form providing your business proposal and personal entrepreneurial potential by the closing date of Wednesday 2 May at 17:00 (no late submissions accepted). Answer the following entry criteria: Feasibility of the technology proposed and its potential place in the market; Market potential of the opportunity presented; Commercialisation potential of the business idea proposed; The feasibility of getting the proposed product or service to the market; Potential of the individual to become a success in business

● Be available if shortlisted for interview between 5–21 June 2018. Also be available during w/c Monday 25 June 2018 for the start of the training programme.

Full terms and conditions apply.

More

Applications are now open for a brand new cutting-edge entrepreneurial support scheme. The £4m Unlocking Ambition Challenge is delivered by key stakeholders from Scotland’s entrepreneurial ecosystem as part of the Scotland CAN DO initiative, backed by the First Minister, Nicola Sturgeon. The Royal Society of Edinburgh (RSE) will lead the academic stream of the inaugural programme, with support from Scottish Enterprise, based on the highly successful Enterprise Fellowship Programme that the RSE has been running for 20 years. Together they will invest in 20 early-stage high-potential entrepreneurs with innovative projects, with the aim of forming start-up businesses in Scotland in the new RSE Unlocking Ambition Enterprise Fellowship Programme.

Up to 20 successful applicants will receive an RSE Unlocking Ambition Enterprise Fellowship operating over a period of a year with a host of bespoke benefits, including total grant funding of up to £900,000 (up to £45,000 grant per Fellow – £25,000 maintenance grant and up to £20,000 business development fund); a total of over £150,000 for a comprehensive and cutting-edge training programme personally tailored to develop business skills delivered to the highest of international standards; a dedicated mentor for each Fellow, and access to professional, financial and entrepreneurial networks.

This is an invitation to entrepreneurs from Scotland, the UK and from right across the world to submit ideas which have the potential to be transformative. You don’t have to be in Scotland or be Scottish – you can be anywhere in the world to apply. You are also not required to have an existing connection to the RSE. The only condition is that you agree to relocate or establish your business here in Scotland.

The RSE Unlocking Ambition Enterprise Fellowship Programme will nurture and support early-stage innovators, academics and researchers who have entrepreneurial potential and an innovative business idea. To succeed, we are looking for the most talented and ambitious people around the world to see Scotland as the place they want to establish their businesses.

Up to 20 talented entrepreneurs will be chosen, based on their own potential, the market potential of their business ideas, and the contribution that they might make to our economy and to wider society. They will be mentored and led by some of Scotland’s leading entrepreneurs in a year- long intensive entrepreneurial business development programme. The aim of the programme is to provide the framework within which individuals can experience the most relevant approach to develop the commercial strength of their ideas and be equipped to succeed in today’s fast-paced global business environment.

Business and Innovation Minister, Paul Wheelhouse, said: “Unlocking Ambition is a fresh and innovative approach to maximising opportunities for the wealth of talent that exists in Scotland, or that could be attracted by the opportunities here.

“This programme is a high priority for the Scottish Government, because by tapping into the experience of Scotland’s most successful business people, as well as the great companies and institutions based here, we can unlock the tremendous potential of the next generation of entrepreneurs.”

“The Royal Society of Edinburgh is delighted to provide support to this worthwhile programme to unlock the ambition of talented entrepreneurs. Since its launch in 1997, the RSE Enterprise Fellowship scheme has supported more than 200 graduates and researchers to develop and launch new businesses. We look forward to supporting and working with this new cohort to help turn their energy and motivation, and of course their new ideas, into a reality.” Edward Cunningham CBE FRSE, Chairman, Royal Society of Edinburgh Enterprise Fellowship Programme.

The longer-term objective is to support Scotland in becoming a world-leading entrepreneurial nation and the programme will be delivered working alongside Scottish Government agencies, Scottish Enterprise, Scottish EDGE, Entrepreneurial Scotland and other partner organisations from the private sector, and third sector who will help support the successful candidates.

The RSE Unlocking Ambition Enterprise Fellowship Programme presents the ideal start-up changing opportunity by supporting promising ideas with the necessary skillsets to build them into successful companies. If this is you, then please apply by the deadline of 5 pm on Wednesday 2 May 2018. Visit the RSE website for more information and to apply. If you have a question please email RSE’s Enterprise Officer, Hannah Chater0131 240 2799

Notes

The new programme aims to link high-potential individuals with established and successful entrepreneurs and business advisors to help them develop their business ideas and create a successful business.

The entrepreneurial mentors include:
Professor Steve Beaumont OBE FRSE, ‌Emeritus Vice-Principal, University of Glasgow;
Shonaig Macpherson CBE FRSE, Chairman of The Robertson Trust;
David Lane CBE FRSE, Founding Director, Edinburgh Centre for Robotics;
Dr Fiona Marston, CEO, Absynth Biologics Ltd;
Alister Minty, Chairman, Entrepreneur Business School;
Dr Margaret Anne Craig, Former Founder and CEO of Clyde Biosciences, Entrepreneurial Ambassador for the Scottish Government;
Professor Sara Carter FRSE, Associate Principal (Learning & Teaching) at the University of Strathclyde and Professor of Entrepreneurship at the Hunter Centre for Entrepreneurship, Strathclyde Business School;
Andrew Muir, Investor, Midven Ltd;
Judy Wagner, Co-founder and Director, FWB Park Brown;
Calum Forsyth, Co-founder and CEO, Seed Haus;
Gordon Short, Director, Entrepreneur Business School Ltd;
Lucinda Bruce-Gardyne FRSE, Founder and Research and Product Development Director, Genius Foods Ltd;
Professor Andy Porter FRSE and Director, Chief Technical Officer, Elasmogen Ltd


If you have any further questions about the Fellowship, please contact the RSE’s Enterprise Officer, Hannah Chater  – 0131 240 2799

Please click here to access our FAQs document.


The deadline for RSE Unlocking Ambition Enterprise Fellowship programme is 5 pm on Wednesday 2 May 2018 (no late submissions will be accepted).

To apply, please log-in or register for an account. Application documents can then be downloaded from the ‘Apply for Funding’ area, once signed-in.

To help you with your application, please refer to the FAQs,  Terms and Conditions and Application Guidelines.

If you have any questions about this Award or the application process, please contact Hannah Chater, Enterprise Officer or Unlocking Ambition.


The deadline for applications is 5 pm on Wednesday 2 May 2018

We look forward to receiving your completed application form.

What happens next?

The expert selection panel will review all applications after the closing date and invite shortlisted applicants for interview between 5 and 21 June 2018.

The formal training programme will start w/c 25 June 2018  with discovery meetings when an announcement will be made about the inaugural cohort.


Unlocking Ambition Programme – strand two with Scottish Enterprise

As well as our start-up Unlocking Ambition Enterprise Fellowship Programme, there is a high-growth scale-up ‘Mainstream Programme’ run by Scottish Enterprise, who are working with a number of organisations from Scotland’s entrepreneurial ecosystem. This programme is aimed at applicants who have the ambition and drive to turn over £1m+ within the next three years. Scottish Enterprise are also looking at entrepreneurial talent from across the globe, as is the RSE. For more general information, eligibility criteria, guidelines and application forms for this strand of the programme, please click here


RSE Unlocking Ambition Enterprise Fellowship Application Preparation Workshop – video

Do you need help completing your RSE Unlocking Ambition Enterprise Fellowship Programme application?
Would you benefit from some guidance on what to include?
The RSE organised a practical workshop to do just this!

If you missed it then please find the slides here and visit the video section of our Facebook page to watch a recording of the workshop session and feel free to share it.

If you have any questions please please contact Hannah Chater, Enterprise Officer or Unlocking Ambition.

The closing date for the RSE Unlocking Ambition Enterprise Fellowship Programme is  5 pm on Wednesday 2 May 2018. The all-important application forms, FAQs, guidelines and T&Cs can be found here. Please do register online with the RSE if you haven’t already. It’s time to unlock your ambition!