UWE OFFERS £20,000 FOR BEST BUSINESS IDEA

Issue date: 28 September 2001


The University of the West of England is launching its first business plan competition on 4 October 2001. With a prize valued at £20,000 for the winning team or individual, the competition is open to all students and staff who have an idea they want to develop into a marketable business plan.

The competition's aim is to act as inspiration for students and staff to pool their talent, energy and ideas to create the companies of the future. It will be managed by the University's Centre for Research, Innovation and Industry, whose director, Linda Skinner, said:

''The competition is a first for UWE and will provide a strong platform for staff and students to create new business opportunities and plans.''

All entrants will benefit from advice and support in bringing their new ideas to market, including workshops on writing a business plan, networking opportunities and guidance on intellectual property issues. Competition sponsors include Andersen, NatWest, ICON Corporate Finance, Burges Salmon and BusinessLinkWest.

Richard Spink, a partner with sponsor Burges Salmon drew attention to the competition's potential benefits for the Bristol region, saying:

''Burges Salmon is delighted to be supporting an initiative that promotes quality, vision and ambition, values that are crucial in building a successful business and will ensure the future growth of entrepreneurship in the region.''

The prize includes £15,000 in cash and an option for a year's rent-free desk in UWE's business incubator facility called Bristol eMedia.

The deadline for registration for the competition is 30 November 2001, and the winner will be announced in June/July 2002. The schedule will be:
 30 November 2001 - Registration deadline
 18 January 2002 - Round 1 entries close
 31 January 2002 - Winners to go forward to Round 2 announced
 3 May 2002 - Round 2 entries close
 June/July 2002 - Winner announced


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