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Leicestershire, UK
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12 May 2010 | PR 10/81

Loughborough University says YES to engineering enterprise

The second Engineering Young Entrepreneurs Scheme (YES) competition will take place at the Novotel East Midlands Hotel in Long Eaton from 23 – 26 May.

The competition is organised by Loughborough University in conjunction with the University of Nottingham and the Rotary Club of Loughborough Beacon.  It is designed to encourage enterprise among postgraduate research students and postdoctoral research staff.

Engineering YES, which is free to enter and has a top prize of £2,000, has been developed to raise awareness of the commercialisation of engineering ideas and involves an intensive three days of preparation and presentations.

The 2010 competition will involve 11 teams of five drawn from local Higher Education Institutions.  Organisations represented include the Universities of Birmingham, Loughborough, Nottingham and De Montfort.

During the course of the competition participants must develop a business plan for an imaginary start-up company, which will then be presented to a panel of judges.  Throughout the three-day event speakers and mentors from the world of industry and business will advise and guide the teams as they develop their business plan. These include representatives from local venture capitalist firms and regional business development organisations.

In addition to the winning prize money, there are also prizes for ‘Teamwork’, sponsored by the Rotary Club of Loughborough Beacon, and ‘Best Intellectual Property’, sponsored by patent and trademark attorneys Potter Clarkson.  There will also be a prize for the ‘Best Elevator Pitch', sponsored by the Institution of Engineering and Technology.

More information can be found on the Engineering YES website: www.engineeringyes.org  Alternatively,  please contact Alan Maddocks by emailing A.P.Maddocks@lboro.ac.uk or call 01509 228595.

Potential sponsors for the 2011 Engineering YES are invited to attend the final day of the competition.  For further details contact Alan Maddocks.

−ENDS−

For all media enquiries contact:

Judy Wing
Senior PR Officer
Loughborough University
T: 01509 228697
E: J.L.Wing@lboro.ac.uk 

Notes for editors:

1. Members of the press are invited to attend the final day of the competition.  For further details contact the Public Relations Office.

2. Loughborough is one of the country’s leading universities, with an international reputation for research that matters, excellence in teaching, strong links with industry, and unrivalled achievement in sport and its underpinning academic disciplines

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 2009 National Student Survey, Loughborough was voted one of the top five universities in the UK, and has topped the Times Higher Education league for the UK’s Best Student Experience every year since the poll's inception in 2006. In recognition of its contribution to the sector, the University has been awarded six Queen's Anniversary Prizes.

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.

It is a member of the 1994 Group of 19 leading research-intensive universities. The Group was established in 1994 to promote excellence in university research and teaching. Each member undertakes diverse and high-quality research, while ensuring excellent levels of teaching and student experience.

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