Engineers in Business Fellowship (EIBF) is a registered charity that promotes the importance and value of business education for engineers in order to improve people’s lives and the performance of the UK and global economies.
Engineering skills are greatly augmented by commercial and business education. EIBF encourages engineering undergraduates, graduates and postgraduates to participate in university enterprise competitions. EIBF does this by providing universities with an Engineers in Business competition prize fund of £3,000 per university to reward engineers who develop groundbreaking ideas that could solve real problems in society.
The Engineers in Business competition prize fund helps to increase the level of participation in business ideas competitions by engineering undergraduates and graduates, enabling them to gain more commercial education.
Entrepreneurs and start-up innovation is critical to economic growth and job creation. Universities and colleges have a significant role to play in encouraging innovation and creativity within young people and at Inverness College UHI we try to embed the importance of these skills in their thinking, so they move on
and achieve their full potential.
Universities and FE colleges compete on an increasingly global stage for their engineering students. The more effective departments and faculties are those that can demonstrate why their offering is different and superior to competitors.
Students now look for vocational features, proof of employment market performance, and linkages to accelerator/incubator innovation hubs and other strong employer links.
Students and graduate engineers who have participated in the EIB funded competitions report a positive and useful experience, for example, one of our earlier winners from the University of Nottingham said, “Engineers in Business appealed to me because I’m studying engineering and I have a passion for business and technology, especially with the new start-up culture really taking off.”
Winners also say that the competition enhances their CVs and interviews.
Engineering graduate employers have stated that they value skills which are not necessarily widely regarded as a standard part of the typical undergraduate experience. These include softer skills such as problem-solving, team working, communication skills, prioritisation and commercial thinking.
These skills help graduate engineers better compete in the workplace and, arguably, become better engineers – as well as pursue more successful careers.
Engineers in Business Fellowship (EIBF) is the registered charity and fundraising entity for the Sainsbury Management Fellows (SMF) scholarship scheme. EIBF is driving forward a fundraising campaign that will ensure that the SMF scholarship scheme is self-sustaining and can continue to support young engineers with scholarships to undertake MBAs at the best business schools in the world.
EIBF developed the Engineers in Business competition prize fund to encourage more young engineers to get involved in business innovation and develop a passion for entrepreneurship at an early stage. Engineers in Business is run in association with leading universities and further education institutions, leveraging existing competitions/modules and arrangements.
Sainsbury Management Fellows provide mentoring to engineers and engineering undergraduates. Mentees benefit from a wealth of experience, knowledge, contacts and gain valuable support with career and/or entrepreneurship ambitions. This includes engineering undergraduates who have received the Royal Academy of Engineering's Engineering Leaders Scholarship.
Engineers in Business Competition Prize Fund
Support for HEI/FEI Enterprise Competitions