The Royal Academy of Engineering, in partnership with the ERA Foundation, awards a major prize each year to young entrepreneurial engineering researchers working in UK universities.
The prize is intended to encourage and reward academic staff and researchers (registered postgraduate students and postdoctoral fellows) who are at an early stage in their career, The scheme provides the winner with a personal cash prize of £10,000, a further £30,000 award to be invested in the development of his or her proposal, with a mentor, to assist and the opportunity to access additional development capital. In addition to the first prize, two further prizes of £2,000 each will be awarded to the runners-up.
The competition is relevant to a wide range of disciplines that involve electro-technologies, inlcuding but not restricted to: electrical and electronic engineering, aspects of bio-medical engineering, optics and optical engineering, instrumentation IT (software and hardware) and materials related to electro-technology.