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Students invited to pitch their business ideas in the Bright SCIdea Challenge

Posted on 10/10/2017

The Society of Chemical Industry (SCI) has launched a new business planning competition for UK and ROI university students.

Entrepreneurial university students are being invited to form teams and develop business plans, with a chance of winning a £1,000 cash prize for the best pitch.

The SCI Bright SCIdea Challenge is a new business planning competition, designed to encourage students to think about the processes involved in starting their own business or launching a new product.

The competition is open to UK and ROI undergraduates and PhD students, who should form teams of 3-5 individuals. Entries should fall under SCI’s focus areas of agri-food, materials, health & wellbeing, energy and the environment.

Entrants will be provided with exclusive SCI business training materials via videos which will include topics on:

  • Identifying business opportunities
  • Taking a product or service to market
  • Basics of finance
  • Basics of intellectual property
  • Common pitfalls and how to avoid them
  • How to effectively pitch your product

After benefiting from the the business training, teams will be asked to submit a business plan by midday on 11 January 2018. Shortlisted teams will be invited to the final, which will take place in London on Wednesday 21 and Thursday 22 February 2018 with funding for travel and accommodation organised by SCI.

A cash prize of £1,000 (sponsored by Synthomer) will be awarded to the winning team.

You can find out more about the SCI Bright SCIdea Challenge here.

 

If you have a bright idea, but are not eligible to enter this competition, why not contact one of KTN’s Knowledge Transfer Managers – we may be able to provide advice and support to help to take your idea forward. You can also register for one of the many events we organise to support innovative businesses.