A prize fund has been established to identify entrepreneurial researchers, working in UK universities, in the field of electro-technology, who are at an early stage in their career. The award will be presented to an individual or team demonstrating considerable entrepreneurial promise and the potential to benefit the UK’s future prosperity.
The winning entry will receive a prize of £10,000 along with a further £30,000 to invest in the development of the winning idea. The winner(s) will be assigned an appropriate member of the judging panel as a mentor for a period of two years.
In addition to the first award, two additional cash prizes of £2,000 will be presented to runners-up. All finalists will receive a certificate which will be presented at an appropriate occasion in 2006.