Ingenuity 18 Enterprise Award
It’s been an exciting couple of months, which has culminated us wining an Enterprise Award at Ingenuity18!
We were alerted to the Competition by the University of Nottingham a week before the closing date and made the decision to ‘go for it’. As with any competition, a lot of preparation, hard work and practise was required. Our determination gained results. As well as receiving an award, we also won an injection of cash!
What is the Ingenuity18 Competition?
Ingenuity18 is an annual talent search for future leaders and innovators and feeds into the work of the Ingenuity Lab, where innovators are enabled to start ground-breaking new enterprises. The competition is now in its third year. This year the competition was open to students, alumni and staff from the University. A total of 252 teams from the UK, Ningbo and Malaysia campuses took part.
Since its inception, the competition has attracted over 1,000 participants and has awarded over £359,000 in prizes. The Competition is funded from a mix of ESIF, HEIF and Santander funds. A range of corporate partners also provide prizes..
Professor Simon Mosey, Director of the Haydn Green Institute for Innovation and Entrepreneurship, said: “I am sure that Ingenuity18 will have a positive and lasting impact on all of the participants. Some will have been inspired to pursue ideas that otherwise would have lay dormant. Others will have a much greater understanding of how innovation really works and they can use this to work together with our partners and supporters to solve the problems that they are most passionate about.”
What are Enterprise Grants?
Enterprise grants are awarded based on which teams the judges feel would benefit from this money. This method of funding is proven to have a good track record of enabling the Ingenuity early-stage start-ups continue their development. This year Enterprise Grants were handed out to a number of teams, including Flourish. Funded by the University of Nottingham, these grants provide winners with up to £4,000 to invest into their businesses how they see fit.
Andrea O’Mahony, Co-Founder of Flourish said “We are so pleased to have been part of Ingenuity18; it has helped us to focus our thinking, reflect on what we want to achieve now and in the future, and also refine our strategy.”