New Enterprise Competition finalists announced
Press release issued: 7 March 2011
A new strategy to encourage gym use, a birdsong recognition system and a ‘smart’ water-meter development to encourage water saving, are just some of the innovative entries submitted for the University of Bristol’s New Enterprise Competition.
The annual event, which is open to students, staff and recent graduates of the University, attracted stiff competition. There is a prize fund of £35,000 along with free professional advice and managed office space at the Bristol SETsquared Centre, to help bring the winning ideas to the market place.
Eight teams have been shortlisted to go through to the final of this year’s competition. The teams are, SunHub – providing solar power systems to rural India, Rapunzel – a new hair-care product range, Gym2 – a new strategy to encourage gym-use, Tweeter – a birdsong recognition and identification system, Puddle – a ‘smart’ water-meter development to encourage water-saving, CheapAFM – the production of affordable Atomic Force Microscopes, and EventBand – a new identification and proof-of-age system for festivals. Your Child Starts Piano – a video tutorial system for teaching the piano was the ‘wild-card’ entry put through by Basecamp, the student business incubator.
The shortlisted entries include thirteen undergraduates, one postgraduate, one post-doctoral researcher, and two staff members – drawn largely from the Engineering Faculty but also including representatives from the Faculty of Medicine and Dentistry, and the Faculty of Science.
Dave Jarman, Enterprise, Skills and Education Manager in RED and Chair of the competition judging panel, said: “The event is designed to draw and inspire new high-growth business ideas from the University’s entrepreneurial talent. This year’s competition was extremely fierce and the judging panel had a tough time deciding the shortlisted entries.”
The judging panel comprised representatives from the competition’s sponsors, Bristol City Council, Deloitte, EADS, IPGroup, King Sturge, Motorola, Osborne Clarke, Santander, SETsquared Business Acceleration Centre, and the Wyvern Seed Fund.
The finalists will now write up full business plans with the help of mentors from Basecamp, RED and the sponsoring organisations. The final presentations will take place on 11 May 2011 with the winners announced at the University’s Enterprise Dinner on 28 June 2011.