SIE’s annual New Ideas Competition launches today offering cash prizes and business support to enterprising students and graduates in Scotland with an idea for a new business.
The New Ideas competition is designed for ideas at an early stage of development. The competition has multiple categories and an overall prize of £500 cash and £1,000 of in-kind business support.
Unique to SIE’s competitions, anyone entering the competition will benefit from extra help and support to take their idea to the next level, meaning that even if the entrant isn’t an overall winner they’ll leave the competition in a stronger position and can take their idea further with SIE’s free services.
Previous winners include Kanika Bansal, an Edinburgh University student who developed IV Drip Infusion, a novel method of preventing IV drip infections in hospitals. Following her New Ideas win, Kanika has went on to further success with her idea and was recently a runner-up in the Converge Challenge 2012.
The New Ideas Competition is part of a series of enterprise competitions organised by SIE designed to take students from idea generation to launching a successful new business. The New Ventures Competition, for more developed business ideas or for student businesses which have already launched, will open for entries in November.
For further information on the New Ideas Competition, go to: www.sie.ac.uk/newideas