In this competition, working in teams, students propose an innovation, service or product idea relating to the Information Technology, Electronics and Computing sector that they believe could be commercialised. The proposed business idea should aim to generate at least £50,000 of income in the first year of trading and break even within three years. To develop their business concept, as part of the activity each team will produce a business plan report and give a presentation to a panel of judges as in the Dragons’ Den.
The Engineer in Business Prize Fund is invaluable as it encourages engineering students to merge technical expertise with entrepreneurial skills, fostering innovation and real-world problem-solving. This financial support motivates students to elevate their projects and pitches to a higher standard.
Dr Mahtab Mirmohseni
Senior Lecturer
University of Surrey