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 we 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 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.
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 RSE Unlocking Ambition Enterprise Fellowship Programme presents the ideal start-up opportunity by supporting promising ideas with the necessary skill-sets to build them into successful companies. If this is you then please do apply by the deadline of 17:00 on Wednesday 2 May, 2018.
Photograph: Paul Wheelhouse, Business and Innovation Minister and Sydney Chasin, current RSE Enterprise Fellow & Founder of The Healthy Crop.