£10,000 is up for grabs to students at Aberystwyth University
Students at Aberystwyth University are being given the opportunity to fulfil their entrepreneurial dreams through this year’s InvEnterPrize competition, launched this week.
The competition offers up to £10,000 to the winning individual or team, which can be used to invest in equipment, facilities or professional services to turn their invention or business start-up idea into a reality.
The process is simple; a student or group of students, who have an idea for a new product or service which they could turn into a successful venture, send in an application.
If they are one of the chosen finalists they will have the chance to pitch the idea to a panel of the University business alumni - much like the acclaimed TV series Dragons’ Den.
The winning entry will receive a generous prize package including support and investment worth up to a maximum of £10,000 to start the business.
Careers Consultant at Aberystwyth University Tony Orme said of the project; “Students have access to some of our most influential business alumni; to pick their brains and find out the secret to success. The money is a wonderful assistance to start-up costs but it is the advice and support that will be most valuable. We are lucky to have graduates that want to give back and be involved with the students and their generosity, in time and funds is inspirational.”
As part of the InvEnterPrize competition, Aberystwyth’s ‘AberPreneur’ Network will be hosting a range of workshops and inspirational presentations open to students interested in developing their entrepreneurial skills and preparing their entry.
The competition was launched in 2012, and the first year’s prize was awarded via the University’s Annual Fund to Jake Stainer for his language learning website Papora.com, which has gone on to be a great success.
Jake Stainer said of the opportunity; “I had the idea for Papora for a few years but never had any type of funding. In my second year at Aberystwyth University I decided to apply. Having won, InvEnterPrize has taken my business to the next level and I've been able to achieve so many things that wouldn't have been possible before. Papora is growing every month thanks to InvEnterPrize.”
In addition to the winner’s prize money, all shortlisted finalists will receive expert advice from the panel of successful entrepreneurial alumni.
Aberystwyth University strives to aid all their students with the help they need for future careers through their guidance team at AberCareers. As part of this support there is practical help available for innovation enterprise and start-up.
Photo: Launching InvEnterPrize are (left to right) Tony Orme, Careers Consultant (Enterprise) Aber Careers, Dylan Eurig Jones, Aber Fund Manager at the Development and Alumni Relations Office, Louise Somerfield, Enterprise Administrative Assistant Aber Careers and Sian Furlong-Davies, Director of Aber Careers.