The Converge Challenge 2017 winners were announced at our Awards Dinner on 28th September 2017 at the Glasgow Science Centre. Full list of ALL of our 2017 winners can be read HERE. Converge Challenge 2018 will launch in late January.
Converge Challenge is a high profile pan-Scotland company creation competition and entrepreneurship development programme for staff, students, and recent graduates of Scottish Universities and Research Institutes aimed at creating a new generation of entrepreneurs in Scotland.
Converge brings together the most ambitious and creative thinkers from academia, research & business. We work with any industry sector, product or service-based ideas at any stage of the development.
The long term goal of the Converge Challenge is to provide students and staff of all Scottish universities and research institutes with practical commercial skills enabling them to bring to market novel products and services, thus creating sustainable profitable companies and helping Scotland grow as a CAN Do competitive economy.
Developing intrapreneurial and entrepreneurial skills within the Higher Education Sector is the driving force behind the competition. Converge exists as a pathway for university entrepreneurs, meaning that the innovators of the future receive the right support at the right time to ensure profitable businesses for Scotland.
For more on the Converge Challenge, the prizes available etc. please click HERE.
A critical element is the collaboration between all of the universities to provide support and guidance to applicants and close working relationships with others within the entrepreneurial ecosystem, so collaborations with the Royal Society of Edinburgh, Entrepreneurial Scotland, Enterprise Campus, Scottish Enterprise and many, many more, are all intrinsic to Converge Challenge’s contribution to Scotland Can Do’s action plan.
Converge Challenge supports a wide variety of projects. Our Alumni include hardware and software companies; diagnostics, medical devices and drug discovery; renewable technologies and novel photonics companies as well as businesses looking to bring art closer to the general public, next generation of golf performance tracking technology, personal alarms and fast food home kits.
Between 2011 - 2016, the Converge Challenge programme attracted over 700 applications from 17 Scottish universities and research institutes. Over the last 6 years from the 180 Converge category entrepreneurs trained, 78 have formed companies representing an incorporation rate of 43%. From the companies created between 2011-2014, 53 companies remain active, representing an overall survival rate (post 3 years) of 78%.
It is estimated that the businesses that have taken part in Converge Challenge supported 180 jobs based in Scotland in 2016. Out of 180, 100 of those jobs can be directly attributed to Converge Challenge.
To date, all our Converge Challenge category companies have secured over £60 million of funding employing over 180 staff.
In a recent independent report by BiGGAR Economics, 97% of Converge Challenge participants reported that they were either “satisfied” or “very satisfied” with their experience as participants in Converge. The most commonly used words used by participants to describe their experience of the programme were, “supportive”, “challenging” and “informative”'.
Converge Challenge is now a focal point within the Scottish entrepreneurial ecosystem. The 2017 Converge Challenge promises to deliver a wealth of new opportunities to help create the next generation of entrepreneurs.
Let your idea soar with Converge Challenge 2018! We will be launching in late January 2018.