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Have an idea for a business?

12 November 2008

Students with bright ideas for a business or social enterprise have just four weeks to enter an exciting business development programme.

Spark Business Idea Competition 2009, organised by Student Enterprise, has this year been supported by Banco Santander and Cardiff University Students’ Union, with the aim of inspiring and supporting enterprising ideas across the University.

Prizes of up to £1,000 are being made available to students, undergraduate or postgraduate, who are looking to turn a business idea or social enterprise into a reality. The idea can be related to an area of study or something completely different. It can be in any sector, for a product or a service (or both) and can be as large or as small as you like.

A spark of an idea is all it took for three students from the School of Medicine to join the ranks of Cardiff University’s young aspiring entrepreneurs as part of Spark 2008.

DevelopMed, a not-for-profit company founded by graduates Robert McLeod, George Tackley and Andrew Carson-Stevens, was named the Spark Business Idea Competition 2008 winner. The trio beat off competition from 22 other entries across the University with their innovative medical device which can be used for the fast delivery of babies in foetal distress, developed during a placement in Rwanda. DevelopMed’s management team is currently using the funding to patent their prototype model which has already proved a success in Rwanda.

Catherine Bushell, Enterprise Officer, Research and Commercial Division says: "Essentially any idea for a real-life business or social enterprise can be entered, all we ask is that to be eligible for the prizes the business must be, or plan to be, based in the UK. The idea judged to be the best based on both the written application and a Dragon’s Den-style pitch will win £1000 for their business. Two runners up prizes of £500 will also be awarded."

For more information about the annual competition, for full terms and conditions and to download an application form visit Student Enterprise.

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