THREE CHANCES TO WIN IN UWE'S £25,000 BUSINESS COMPETITION

Issue date: 11 November 2004


Prizes worth over £25,000 are being offered by the University of the West of England for entrepreneurs with the best new business ideas of the year.

The 2004/5 competition, open to staff and students at the University, offers three chances for entrants to turn their dreams into reality.

Firstly the open prize, worth £12,500, is made up of £8,000 in cash, £2,000 worth of professional support, and one-year’s rent-free space in the University’s city-centre business incubator.

Secondly there is a new prize, worth in total £7,000, for the best social enterprise idea, sponsored by Bristol City Council, Business West and Bristol-based ethical bank Triodos.

Thirdly there is a prize specifically for students, worth a total of £6250. Students are eligible to win any of the three prizes.

The LIStech project, which won last year’s UWE Business Plan Competition, has also won the recent Winner of Winners Business Plan competition between the universities of Bath, Bristol and West of England. The LIStech team said winning the prize enabled them to get their idea - for the laser manufacture of extremely light, strong, corrosion and fatigue-resistant structures for the aerospace and other industries - off the ground. Last year’s student prizewinner was Bruce Griffin with PhoenixNET, a distributed internet application to facilitate automated roster timetabling for the health industry.

All entrants benefit from a series of workshops and mentoring services enabling them to come up with a marketable business plan.

UWE’s Business Plan Competition is now in its fourth year and is organised by the Centre for Research, Innovation and Graduate Studies. It is sponsored by UWE, Baker Tilly, Osborne Clark, The Royal Bank of Scotland, Bristol City Council (Social Economy Bristol), Business West and Triodos Bank.

The competition is being launched on 10 November and the deadline for entries is 29 November. For further information, contact Nick Markovits, Enterprise Manager, Centre for Research, Innovation and Graduate Studies, on 0117 32 8 2808 or email enterprise@uwe.ac.uk

-ENDS-

Editor’s notes

Jpeg visual available upon request from the Press Office.

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