Engineering Enterprise Fellowships at the Royal Academy

The Royal Academy of Engineering Enterprise Fellowships is a 12-month accelerator programme for engineers with innovations ready for commercialization. Apply now!

Engineering Entrepreneur Fellowships at the Royal Academy

Are you an engineering graduate with a groundbreaking innovation that is ready to be commercialized at the seed or pre-seed stage?

The Royal Academy of Engineering Enterprise Fellowships could be the accelerator programme you need to transform your vision into reality.

The Enterprise Fellowships Programme

This 12-month accelerator programme is designed for creative and entrepreneurial engineers who are passionate about bringing their engineering products to the market.

Over the course of a year, we will equip you with the confidence, skills, experience, and networks required to launch your product.

Proven Success

Our approach works. We have provided £9.2 million in grant funding to upskill over 150 Enterprise Fellows, who have gone on to create companies valued over £550 million.

As a charity, we don’t accept equity.

All we ask for in return is your passion and determination to become part of the next generation of entrepreneurs.

What You Will Receive

As a program participant, you’ll receive:

  • Up to £75,000 equity-free startup funding grant
  • Expert business mentoring and coaching
  • 15 days of business training
  • Subscription to our Equality, Diversity, and Inclusion Toolkit
  • Access to our community of Hub Members, Academy Fellows, investors, industry experts, and partners
  • Flexible workspace at the Taylor Centre, our hub.
  • Hub membership for life

Qualification Requirements

We broadly support the following groups:

  • Researchers wanting to spin out a company from a university.
  • Recent graduates seeking to found a startup
  • International PhD students (already based in the UK) wanting to spinout or startup
    Key Eligibility Criteria
  • You meet our key eligibility criteria if:
  • Your solution’s Technology Readiness Level (TRL) is 4 or higher.
  • Equity investment in your business is under 500,000 GBP.
  • Your innovation is protectable and you own or co-own the IP
    In the founding team, you hold the most equity in the company.
  • You are, or aspire to be, the CEO or COO of the business.

Additional Criteria for Startups

For startups:

You aren’t a student or employed during our program.

You have completed your very first university degree by 1 July 2017
Additional Criteria for Spinouts
For spinouts:

You are currently employed by the university
If applicable, your PhD viva is scheduled by November 30, 2022.

How to Apply

Interested and qualified?

Go to the Royal Academy of Engineering website on raeng.org.uk to apply
Sign up and set up a profile through the grant system. Review the essential Applicant Guidance notes for your online application.

The Royal Academy of Engineering Enterprise Fellowships is an opportunity not to be missed by creative and entrepreneurial engineers with innovations ready for commercialization.

With financial support, expert mentoring, and access to a vast network, you are set on a path to success.

Apply now and become a part of the next generation of entrepreneurs.

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FAQs

What is the maximum funding grant available?

The maximum equity-free startup funding grant available is up to £75,000.

Who can apply for the Enterprise Fellowships?

Researchers wishing to spinout a company from a university, recent graduates seeking to found a startup, and international PhD students (already based in the UK) wanting to spinout or startup can apply.

What is the Technology Readiness Level (TRL) required?

The Technology Readiness Level (TRL) of your solution must be 4 or above.

Is there an equity stake taken by the Royal Academy of Engineering?

No, the Royal Academy of Engineering does not take any equity. It is a charity organization.

When is the deadline for the application?

If you are applying for a spinout, your PhD viva must be held no later than 30 November 2022. For other details, please check the Royal Academy of Engineering website.


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