For over a decade, the Royal Academy of Engineering's Enterprise Hub has been a driving force in transforming the UK's engineering and innovation landscape. By empowering entrepreneurs, researchers, graduates, and SME leaders, the Hub has built a legacy of translating breakthrough ideas into thriving businesses that address some of the world's most pressing challenges.
Since its inception, the Enterprise Hub has supported nearly 400 individuals in their entrepreneurial journeys, equipping them with the resources, mentorship, and networks needed to succeed. These efforts have enabled Hub Members to raise over £1.3 billion in additional funding., demonstrating the Hub's ability to cultivate innovation that drives economic growth and delivers meaningful societal impact.
A Partnership for Innovation
In a landmark collaboration, ChangeSchool was appointed as the delivery partner for the Enterprise Hub. This partnership underscores a shared commitment to fostering innovation and economic growth through engineering entrepreneurship.
ChangeSchool specialises in equipping innovators with entrepreneurial mindsets to commercialise their ideas and create sustainable, impactful ventures. With a track record of delivering structured programs across 25 countries, ChangeSchool has helped build ecosystems that empower individuals and institutions alike.
A core part of ChangeSchool's mission is the creation of "entrepreneurial universities." These institutions act as innovation hubs, producing translational research pipelines, start-ups, and spinouts. By establishing robust networks, ChangeSchool connects entrepreneurs to the resources, mentorship, and funding needed to bring their ideas to life. This holistic approach strengthens local ecosystems and enhances the broader impact of the Enterprise Hub.
The Enterprise Hub: A Catalyst for Growth
The Enterprise Hub's impact extends beyond individual entrepreneurs. It provides a platform for fostering connections, embedding training within local ecosystems, and leveraging the Academy's global network. These initiatives ensure that the Hub continues to drive long-term growth and innovation.
This year's Royal Academy of Engineering Enterprise Hub Showcase, held on May 15, 2024, at Prince Philip House in London, highlighted the breadth and depth of engineering innovation in the UK. Entrepreneurs from across the country presented solutions to global challenges, demonstrating the transformative potential of disruptive engineering technologies.
Innovative Start-Ups Spotlighted at the Showcase
The showcase featured several ground-breaking ventures, including:
Manulytica Limited: Based in Leeds, this innovative start-up has developed vendor-agnostic systems that provide machinery users with critical production and performance insights. These solutions empower businesses to optimise efficiency, regardless of their equipment's make, type, or age.
Deploy™ Tech Ltd: Hailing from Pontyclun, Wales, Deploy Tech Ltd. introduced the world's first foldable concrete water tank. This eco-friendly solution addresses water management challenges in diverse environments and is designed for easy transport and rapid deployment. The tank is ready for use within 24 hours through an innovative hydration process that hardens the material.
NitroPep: Created by Dr. Felicity de Cogan, NitroPep is a revolutionary antibacterial coating for metal surfaces. This cutting-edge innovation is designed to kill bacteria on contact, offering the potential to reduce hospital-acquired infections and enhance hygiene in healthcare settings significantly.
Keynote Speakers and Insights
The event also featured inspiring contributions from industry leaders. Dr John Lazar CBE FREng, Chair of the Enterprise Committee, led the proceedings. Angie Ma, Co-Founder of Faculty, Europe's leading applied AI firm, delivered a compelling keynote address highlighting the role of engineering innovation in addressing global challenges and driving sustainable growth.
A Testament to Excellence
The Enterprise Hub's achievements were further recognised when it was ranked ninth in the Financial Times and Statista rankings of Europe's top 250 start-up hubs. This accolade is a testament to the Hub's dedication to nurturing entrepreneurial talent and fostering impactful business growth.
As the Enterprise Hub continues to expand its reach, its mission remains clear: to harness the power of engineering innovation for economic, societal, and environmental good.
Discover how ChangeSchool contributes to this transformative journey and explore our entrepreneurship programs. Read More