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STOP PRESS: The 2013 J C Gammon Award for Innovation Prizewinners

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The Innovation Hothouse 2013

A partnership of The Royal Academy of Engineering, Institution of Engineering Designers, Institute of Materials, Minerals and Mining, and Institution of Mechanical Engineers are pleased to support this initiative aimed at fostering the commercialisation of student design projects.

    What is it?

An event to showcase the very best final year student design projects and provide an opportunity for those involved to present their work to a panel of business angels who will offer advice and potentially funding to develop the project into a commercially viable product. The ultimate aim of the Innovation Hothouse is that participants are encouraged by their involvement to start-up and create flourishing businesses.

    Who may enter?

Entries are welcome from final year Undergraduate and Postgraduate MSc students on all engineering, materials and product design degree courses in the UK.

    How does it work?

Projects will be assessed at a series of regional events which will be held in June and July 2013. Full details are available from the regional event schedule, including locations, dates and details of the organiser.

One project from each region will be selected for the Innovation Hothouse Final which will be held on 20 September 2013 at The Royal Academy of Engineering, 3 Carlton House Terrace, London SW1, as part of the London Design Festival.

    What form will the assessment take?

At the regional event each entrant or team of entrants will be expected to make a presentation on their project for no more than 10 minutes to a team of two judges, who are both senior industrial designers with a track record of innovating new products in several industrial sectors. This will be followed by a Q&A session lasting no longer than 10 minutes. The judges will rate each project using the standard set of criteria and providing each team with appropriate feedback on their project and presentation. They will select one project to take part in the final at each regional event.

    What form will the final take?

The final will be very different from the regional events. Each finalist will be given 10 minutes to pitch their project to a panel of four people who are business angels. Finalists will not be allowed the use of PowerPoint and will need to rely on their spoken language skills to deliver a concise and coherent case. There will however be the facility to show short film clips about projects, particularly where the end product is too big to display or involves a service.

Following each presentation, the panel will have up to 20 minutes to address the project from a commercial perspective as potential investors in terms of development funds and business angel support. The members of the panel are busy people and the opportunity to secure potential investment for a project is very real. Any financial interest will be declared at the end of the programme. The final will be followed by a reception at which the Judges, finalists and others can meet and network less formally.

    What help will finalists be given to make their projects ready for the final?

Each finalist will be assigned a Business Coach who will help them work up their project to a stage where it is ready for presentation at the final. The Business Coach will, as a priority help register the Intellectual Property if this has not already been done. In addition they will advise on both the technical and commercial aspects of the project and help develop the business plan. They may also bring in other people to help work up the project or choose to act alone. The Business Coach will ultimately become part of the project team and support the finalists at the final.

    Confidentiality Disclosure Agreement

All participants, judges and members of the audience attending the regional events will be required to sign a Confidentiality Disclosure Agreement to protect the intellectual property of the projects being presented. The necessary form will be issued on the day and need to be completed before entry to the respective event. All regional events will therefore take place behind closed doors and access will be strictly limited to those who complete the necessary documentation.

The final will be a public event but by which time all intellectual property will have been registered.

    What do I gain from entering this event?

Apart from the possibility of securing funding and business angel support should you reach the final, there is the learning experience of having your work critiqued by a group of industrial technical experts and financiers – the sort of professionals you will need to work with and for in your subsequent career; the opportunity to network cannot be understated. In addition each entrant will receive a certificate of attendance for their CPD record.

    How do I apply to enter this event?

All prospective applicants must submit an on-line application form. No additional information is required for entry to the regional events. Once an application is received it will be allocated to a region and entered on the relevant programme.

    Are my costs covered in entering a regional event and if I get to the final?

Travelling expenses incurred by those presenting projects at both regional events and the final will be reimbursed.

    Closing Date

The on-line application facility will be closed on 6 June 2013 at 4pm.

    Further information

All questions should be addressed to Pauline Stillman at The Royal Academy of Engineering

E-mail: Pauline Stillman

The Innovation Hothouse is generously supported by the following organisations:

CleanEquity Logo  Innovator Capital Logo  
Axicom Logo  Seedcamp LogoMartlet Logo

Advent Venture Partners Logo   Northzone Logo   Taylor Wessing Logo   Connect Ventures Logo