Engineers in Business (EIB) Competition Prize Fund

Engineers in Business Fellowship (EIBF) provides a £3,000 prize fund to individual universities and FE colleges that run business ideas competitions and modules that are open to engineering undergraduates, graduates and postgraduates. EIBF's charitable aim is to increase the participation of this group in business education to increase their knowledge of business and their employability.

If we do not spend the whole £3,000 on competition prizes, can we roll the rest of the money over for a subsequent year?

How can we use the £3,000?

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Can we use some of the £3,000 to run and promote the competition to engineering students?

Do we have to adapt our competition to apply for the £3,000 prize fund?

Do the winning teams have to comprise only engineering students/graduates/postgraduates?

Can a team that has come up with a brilliant engineering idea, but does not include an engineer be awarded an EIB prize?

Can we award the full £3,000 to one winning team or individual?

We don’t have an existing competition. If we set one up especially, can we apply for the £3,000 funding?

Is there a time limit for running our competition?

Are both FEI/HEI engineering students eligible to participate?

Are engineering postgraduates, researchers and alumni eligible?

Can people from the wider community participate?

Are entrants/winners expected to turn their ideas into a real business?

Can an engineering student who develops a non-engineering product, such as a service or a food product, qualify for the prize?

Can an entrant who is a non-engineering student who develops an engineering concept win a prize?

Can any other faculties/degree disciplines apply for funding?

Do you provide collateral for the awards presentations (eg a giant cheque)

Are first prizewinners entitled to a mentor if they do not turn their idea into a real business?

Will EIBF send a representative to our awards ceremony?

When are the funds paid to the university?/Where do I send the invoice?

Which winners are entitled to a mentor?

How do the first prize winners get their mentor?


EIBC GRAND FINAL


Who can enter the Grand Final?

Currently, the Grand Final is open to all winners of a university enterprise competition, as well as those who participated but did not win a prize.

How is the prize money to be used by the Grand Final Winners?

Can we submit a different business idea to the one we submitted in our university competition?

Can we submit more than one entry?

What type of content should be in the poster?

Can we enter the grand final if our innovation is not specifically an engineering product?

Will we be presenting from our Poster, or can we use PowerPoint to present our innovation.

What size should the poster be?

What is the criteria for entering the Grand Final?

What should the structure of the entry look like?

I am having problems uploading my video/poster?

What is the maximum size of video we can add to the website?

Did my entry arrive safely?

What will happen if I am unable to attend the Grand Final Awards Presentation?