Converge Challenge brings together ambitious and creative thinkers with innovative ideas to work with industry experts to transform their ideas into sustainable companies operating in the commercial world. Benefits include hands-on mentoring, rigorous training, invaluable business support and networking opportunities to shortlisted applicants.
If you have a big idea and are looking to spin our from a University or Research Institute, or start up a company, then Converge is for you! This category provides hands-on mentoring, business support and offers a first prize of £70,500 of cash and in kind business support.
This category also dedicates a £10,000 cash prize to the Design and Creativity Award - aimed at innovative ideas that demonstrate creativity, skill and talent. This Award is applicable to a broad range of sectors and must demonstrate that business growth is dependent upon commercial viability of the innovative
aspects of the product or service.
The shortlisted Converge projects receive: 3 days of business/pitch training, business proposition development and constructive feedback every step of the way. In addition, finalists will receive 12-months of bespoke training and coaching.
Previous project finalists/winners ideas include: high-tech scientific sensors; methods of preventing infections; next generation treatment of disease; an eye examination to help clinicians with diagnose psychiatric disorders; pharmaceutical aids; golf performance tracking technology; a personal safety alarm; a blood test that can detect brain tumours; innovative ultrasound technology; a battery powered airflow cushion for wheelchair users
Meet previous alumni and winners in the ALUMNI section.
"The award from Converge came in a perfect time for Carbogenics. We were in a need of funding that will help us to accelerate commercialisation of our innovation. It offered us a breathing space allowing us to focus on working on our business, testing our innovation with more clients and building our team. The training sessions help us to focus our business plan and develop our value proposition, provided excellent opportunity for networking and support needed for every start up business. It offered practical advice from experienced entrepreneurs.
The media coverage following from Converge attracted investors and clients bringing. Receiving recognition for our innovative idea and hard work of the team, brought a new energy and motivation to the business." Converge Challenge 2018 winner, Lidia Krzynowek, Carbogenics (University of Edinburgh)