King’s Entrepreneurship Prize is one of the largest (by awarded sum) university entrepreneurship competitions in the UK and the EU that do not request an equity in return for the grant. It is the oldest and an integral part of the entrepreneurship ecosystem at King’s.
The King’s Entrepreneurship Prize aims to encourage the development of entrepreneurial ideas, and the conversion of creativity and knowhow into sustainable commercial and social benefit. Established in 2014, past prizewinners have gone on to develop innovative businesses in healthcare, engineering, robotics, communications and consumer products.
Finalists compete for a first prize of £20,000 with additional discretionary awards. All candidates are offered feedback and mentorship to help raise startup funds and bring their concepts to market.
The Competition is open to all students, Fellows, Associates and alumni of King’s.
In the first stage of the competition, entrants provide a onepage summary of their entrepreneurial project. A selection is longlisted to receive a grant of £100 and asked for four supplementary pages of information and analysis about their project. A shortlist is then chosen and asked to present a full and comprehensive business plan to an expert panel of judges – this live presentation meeting is called the Lyons Den (named after the generous donor who established and funded the prize – Stuart Lyons CBE). Financial prizes are awarded to the winning entrants.
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