Loughborough University
Leicestershire, UK
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11 June 2009 | PR 09/70

Loughborough says YES to engineering enterprise

Loughborough University is encouraging enterprise among postgraduate research students and postdoctorial research staff through the 2009 Engineering Young Entrepreneurs Scheme (YES).

Engineering YES, which is being run in conjunction with Nottingham University and the Rotary Club of Loughborough Beacon, will take place at the Novotel Hotel in Long Eaton from 14 – 17 June.

The competition, which is free to enter and has a top prize of £1000, is based on the successful Biotechnology YES competition, which recently saw a Loughborough University team progress to the national final. Engineering YES has been developed to raise awareness of the commercialisation of engineering ideas among postgraduate students and postdoctorial scientists.

The 2009 competition has invited teams from Loughborough and Nottingham University only, with future competitions expected to be open to a wider field of entries.

Six teams have been entered for this year’s event, with each group comprising of five members. Participants must develop a business plan for an imaginary start-up company, which will then be presented to panel of judges. In addition to the winning prize money, there are also prizes for Teamwork, sponsored by the Rotary Club and Best Intellectual Property, sponsored by local IP firm Potter Clarkson. There will also be a prize for ‘Best Elevator Pitch', sponsored by the Institution of Engineering and Technology.

There will be a number of speakers and mentors throughout the three-day event, including guests from the East Midlands Development Agency (emda) and Potter Clarkson.

– Ends –

For all media enquiries contact:

Jo Lumani
Senior PR Officer
Loughborough University
T: 01509 228697
E: J.P.Lumani@lboro.ac.uk

Notes for editors:

Loughborough is one of the country’s leading universities, with an international reputation for excellence in teaching and research, strong links with industry and unrivalled sporting achievement.

It was awarded the coveted Sunday Times University of the Year 2008-09 title, and is consistently ranked in the top twenty of UK universities in national newspaper league tables. In the 2008 National Student Survey, Loughborough was voted one of the top five universities in the UK, with 22 out of 30 of its subject areas being ranked in the top ten for overall satisfaction. It was named winner of the 2006, 2007 and 2008 Times Higher award for the UK’s Best Student Experience and winner of the 2007 award for Outstanding Support for Overseas Students. In recognition of its contribution to the sector, the University has been awarded six Queen's Anniversary Prizes – an achievement bettered by no other institution.

It is a member of the esteemed 1994 Group – a set of internationally recognised, research-intensive universities – and has a reputation for the relevance of its work. Its degree programmes are highly regarded by professional institutions and businesses, and its graduates are consistently targeted by the UK’s top recruiters.

Loughborough is also the UK’s premier university for sport. It has perhaps the best integrated sports development environment in the world and is home to some of the country’s leading coaches, sports scientists and support staff. It also has the country’s largest concentration of world-class training facilities across a wide range of sports.

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