Skip to main content
Careers and Enterprise

Funding

We’re on the hunt for the most innovative businesses and social enterprises emerging from QMUL.

What funding do we provide?

Are you a QMUL student or graduated less than two years ago? Do you have a business idea or have already started trading? Is your idea the next big thing?

Here is your opportunity to win up to £10,000 in equity-free awards.

If you have an idea for a business that you’d like to start or grow we have Try It (up to £500), Grow It (up to £3,000) and Build It (up to £10,000) funding awards available.

Funding deadlines

Round 1 Try it and Grow It Awards: Applications are open between Friday 13th  November 2020 – Sunday 13th December 2020, 11:59pm 

Interviews: 25th / 26th / 27th January 2021 (Subject to panel availability)

Round 2 Build It Award onlyApplications are open between Wednesday 16th December 2020  - Sunday 14th February  2021, 11:59pm

Interviews: Week commencing 22nd February 2021 (Subject to panel availability)

Round 3 Try it and Grow It AwardsApplications are open between Friday 5th March 2021  - Monday 5th April 2021, 11:59pm

Interviews: 12th / 13th / 14th April 2021 (Subject to panel availability)

 

We have about 20 Try It Awards and 10 Grow It Awards available across the Academic Year.

For the Build It award, depending on the amount of money asked we usually have between 1 and 3 awardees.

Last year we had 50 applications and we gave out money to 24 awardees.

Current QMUL home students and all recent graduates (up to 2 years after graduation) can apply for any of our awards.

International students who have Tier 4 (General) Student immigration permission are restricted from the Try It and Grow It awards as they are not permitted to be self-employed, but are eligible to apply via the Build It route as this award supports pre-trade prototype development.

Yes. You are still eligible to apply and receive an award if you already had one previously. However, we would be looking in your application form at the impact your previous award had on your business or social enterprise to assess the need for a second award.

No. The funding is equity-free which means we don't take any shares of your business or social enterprise.

Yes. You can apply directly for a Build It award. 

However, to win a Build It Award, you need to undertake significant market research to show that your product has commercial potential and offers an innovative solution to a market need. 

 

Our funding awards are sponsored by Santander Universities, which supports QMUL Enterprise through funding, mentoring, training, and internships.

To get a reminder about our funding round opening dates, register on our Enterprise newsletter