Business plan shortlist announced
Press release issued: 28 February 2003
The University of Bristol has announced this year's finalists for its annual Business Plan Competition, designed to inspire new technology-based business ideas and entrepreneurial talent in the region.
The six short-listed entrants, those who have submitted the best business ideas as judged by a panel of experts, include a range of ideas from a carbon fibre folding bicycle and waterproof pouch and headphones through to a computer controlled engraving machine. The finalists also include the development of a method of measuring internal stress in large engineering components, a revolutionary hand washing system, and software to improve food temperature control. Each has won an interim prize of £250 and will be invited to prepare full business plans.
Launched in October each year, the competition is open to students, contract researchers and staff at the University. There is a £35,000 prize fund including cash, free professional business advice and managed office space to help make business ideas a commercial success. Sponsors include Osborne Clarke, Fortis Bank, Deloitte & Touche, STMicroelectronics and Sulis Innovation.
The Business Plan Competition is part of Bristol University's commitment to combining its excellence in research and innovation with a vibrant enterprise culture. The university is working with government, industry and other partner organisations and stakeholders to encourage the growth of technology-based businesses in the South West.