Lancaster University’s Second Year Engineering Module (ENGR205 Business Development Project) covers a range of material on student entrepreneurship, innovation, idea generation, business planning, marketing, presenting and pitching, using tools such as the Business Model Canvas, and various external and industrial speakers to supplement and reinforce the taught theory. In groups, students work on weekly tasks and feedback to the full class each week. The module is assessed, in groups, through the submission of a Business Plan and the subsequent pitching of their business idea to a panel comprising members from academia, industry and other areas. A total of 158 engineering undergraduates were registered for the module in the academic year. By the completion of the module, fourteen business concepts emerged for assessment and pitching at the final session. A panel of judges consisting of representatives from academia, student innovation and enterprise and industry was convened to assess the business concepts that were presented in the final session.
Incorporating the Engineers in Business Fellowship competition into the ‘Engineering Business Development’ module in the 2nd Year of engineering programmes at Lancaster University provides the best opportunity for the students to not only learn and develop during the module but to practice and perfect several skills associated with idea generation, pitching and presenting. With so many students involved, the camaraderie developed within the groups was clear to see and generated an increasingly competitive (yet supportive) atmosphere as the weeks passed. The Engineers in Business Prize funding is a bonus, which allows some of the groups to move beyond a theoretical academic exercise, and to really consider the possibilities that lie within their business ideas and concepts – it is a true motivator.
Professor Allan E.W. Rennie
Professor in Manufacturing Engineering and Director of Engagement
School of Engineering
Lancaster University