Innovation, Entrepreneurship & Impact Funding

 

Innovation & Impact dean’s fund

A new initiative from the School of Engineering aims to build a foundation for the launch of student-led start-ups.  All School of Engineering students are encouraged to form teams composed of at least 3 (but no more than 5) students to develop viable projects that seek to solve real-world problems. The primary contact must be a School of Engineering student, and the team can include one UBC Okanagan student from another faculty.

Project concepts are to be submitted by 5pm on April 11, 2021.  Three teams will be selected and each will be awarded $10,000 in start-up capital.  The winning teams will work on their projects over the summer semester (May-August 2021) under the mentorship of an assigned faculty member and an experienced entrepreneur.

It is more than just funding; it is an investment in students through establishing partnerships with faculty mentors, successful entrepreneurs and organizations such as Entrepreneurship@UBCO.

Rehan Sadiq, Executive Associate Dean

School of Engineering

How will it work?

The School of Engineering has committed to a two-year pilot to launch this program. In the initiative’s first year (2021), student groups will submit applications by 5pm on April 11, 2021.  Applications will include written responses to an online form and a 2-minute video pitch. The submissions will be reviewed by a panel (chaired by Associate Professor Kenneth Chau) consisting of no fewer than three members who are knowledgeable in engineering, entrepreneurship and commercialization. The 2021 panel will include Dr. Kenneth Chau, Dr. Alon Eisenstein, Dr. Ray Taheri, Dr. Vicki Komisar and Dr. Lukas Bichler. The panel will evaluate each submission using the following rubric assessment breakdown:

Conceptualization and Ideation (10 points)

Impact (20 points)

Execution Plan (20 points)

Equity, Diversity & Inclusion (10 points)

Video Pitch (40 points)

Three prizes of $10,000 will be awarded to the winning teams. The funds are intended to serve as start-up capital to enable students to further develop their concepts over the summer semester (May-August 2021).

Eligibility:

All current School of Engineering undergraduate students are eligible. Teams must be composed of at least 3 but no more than 5 students.  The primary contact must be a School of Engineering student, and the team can include one UBC Okanagan student from another faculty. All applications must be submitted through the online portal and include a video pitch of no more than 2 minutes in duration.

Submit application

Application deadline is April 11, 2021 at 5pm PST.

Questions?
Direct your questions to Grant Topor, Student Professional Development Officer, at grant.topor@ubc.ca