GDPR – are you ready?

“The regulatory elephant in the room”

The EU’s General Data Protection Regulation comes into effect on the 25 of May 2018. Before then you will need to make sure you have made any relevant changes within your business to ensure compliance. As Enterprise Nation state in their blog post, ‘no business, big or small, can afford to ignore it.’

The blog article also gives six fundamentals for achieving GDPR success. Take a read of the article to help you start getting to grips with what may be required. The Enterprise Team will also hopefully be running a workshop on the topic early next term.

UnLtd Awards

Awards to help start and grow your social enterprise

UnLtd offer support for enterprises with a social or environmental aim at the core of what they do. They have two types of awards available at present, for which expression’s of interest close on the 27th March 2018. Although this deadline is soon, award cycles run three times throughout the year, so good to keep in mind for future too!

Do It Awards

For those who want to create social change and would like to start working on an idea. Award includes 1-to-1 support, expert advice and access to resources including some funding.

Grow It Awards

For those who have identified a social issue and are committed to tackling it and have experience relevant to grow a venture. Award includes support to grow your venture and up to £15,000 funding.

For more information on UnLtd awards, visit their website.

 

Digital Lancaster – Lightning Talks and Social

Get plugged into Lancaster’s Digital network

Digital Lancaster are hosting a free networking event on Thursday 29th of March at The Borough on Dalton Square, to talk all-things digital and help bring like-minded people together. Digital Lancaster are part of Digital Lancashire, a not-for-profit community interest company aiming to accelerate the growth of the digital economy within Lancashire. This is a great opportunity for any budding digital entrepreneurs in the city!

You can register your attendance through Eventbrite.

Santander Entrepreneurship Awards Workshops

Support in your application to win up to £25,000 for your startup!

Hopefully you’ve already heard about The Santander Universities Entrepreneurship Awards 2018 – your chance to compete against other students and recent graduates to win a wealth of support for your startup or established idea!

For the first round of the competition, applicants will be required to submit a two minute video pitch and completed simplified Business Model Canvas (using the template provided by Santander).

The Enterprise Team have two workshops scheduled to support you with your applications:

  • Business Model Canvas/Value Proposition Workshop  

Thursday 1st March, 2-5pm, Learning Zone Pod 4

This workshop will focus on helping you to bring your customer profiles together with your value proposition to successfully complete Santander’s template Business Model Canvas. Book through Target Connect. 

  • Pitching Workshop 

Thursday 8th March, 2-5pm, Physics B009

This workshop will focus on how to best pitch your idea, the art of storytelling and also how to create an engaging video. Book through Target Connect.

The deadline for submissions to the first round is noon on Friday the 13th April. To find out more about the awards including details such as eligibility, please visit our dedicated competition webpage or email the Enterprise Team.

Win £25,000! Santander Universities Entrepreneurship Awards info session next week

One of the UK’s largest student and graduate business pitching competitions, is HERE!

How can I find out more?

Come along to our information drop-in on Friday 23rd February in Pod 4 in the Learning Zone.  We’ll be there throughout the day, ready to answer your questions and help you get off to a flying start. If you’re interested in hearing from someone who has been involved before, Charles Rogers, semi-finalist from last year’s competition will be joining us at 10:30am to share his experience. It would be great if you could email us to let us know if you are planning to attend.

Can I read anything in the meantime?

Yes!  Please visit our competition information page here.  You’ll be able to get an overview of the competition and download the information pack.

What other support will be available?

We will announce dedicated workshops on completing your competition Business Model Canvas, and producing a 2 minute video pitch, and offering 1-2-1 support with your individual application before Easter.   Watch this space!

Campus Capital Launch Event

Looking for funding to help your startup?

Campus Capital is working in partnership with a number of UK universities to deliver on-campus venture capital funds, part-run by students!

The Lancaster team will be hosting their first event this Monday the 29th of January, 6:30-8pm in The Hub, Lancaster University Management School. This event will provide the opportunity for entrepreneurial students and alumni of the University to find out more about potential funding for their startups. With Campus Capital being able to provide investment of up to £350k to startups – this is not an event to be missed! Anyone who attends the will get the chance to meet the Students VCs and receive advice for securing funding.

Please visit the event page for further information and you can find our more about Campus Capital Lancaster here.

New student-run investment fund

Campus Capital to invest thousands in Lancashire startups

Lancaster University have signed a partnership with venture capital firm, Campus Capital, to bring investment to the region and further strengthen Lancashire’s startup ecosystem. The model is unique in the sense that the fund is part-run by teams to Student Venture Capitalists!

This partnership will see the investment of between £50k-200k in early stage, high-growth potential companies, on and off campus.  There is a particular focus on ‘making sure existing startups who are already doing great things get the investment they need to scale.’ It is hoped that the fund will help to increase opportunities for companies to collaborate with the University, stay and grow in the region.

Campus Capital will open to Lancashire-based startups in the New Year, although companies who are considering fundraising within the next six months are encouraged to get in touch sooner.

Fancy trying your hands at being an venture capitalist?

Students are given the opportunity to take part in an experiential learning opportunity where they will be trained as Student Venture Capitalists to run some of the early aspects of the fund pipeline. In addition to training, students will receive ongoing mentoring and experience of assessing and analysing a company’s investment-readiness. Application to take part in the scheme are now open, you can find out more here.

To find out more, visit the Campus Capital website.

Enterprise Awards – Call for nominations!

 We need your nominations!

We are currently busy planning for the relaunch of our annual Lancaster University Enterprise Awards. The awards aim to recognise and celebrate the diversity of ways in which students, researchers and alumni have applied their entrepreneurial mindsets, acted as creative-problem solvers and made a genuine impact on the world around them.

The awards seek not only to celebrate the successes but also recognise the journeys and distances travelled to reach those successes -every winner should have a story to tell, which hopefully will help to inspire others to engage in similar pursuits to realise their own dreams and ambitions.

The award ceremony itself is set to take place in December and will involve  a formal dinner attended by various VIPs, stakeholders and of course a number of students. The dinner will be followed by entertainment, and an opportunity to network and socialise.

But now we need your help!

We need your assistance in identifying nominees within the following categories:

  • Student Leader – Individuals/teams with a leadership role on behalf of a segment of the student body e.g. Society Execs, College JCRs, Departmental Reps, LUSU Offices and Student Ambassadors who have demonstrated the application of entrepreneurial behaviours to the realisation of an event, project, activity or other intervention.
  • KE Champion – Individuals/teams who have displayed entrepreneurial behaviours in the undertaking of a Knowledge Exchange Intervention with an external organisation. For example through a Student Consultancy Project, Placement or Internship, KTP or PG Rise project.
  • Impactful Researcher – Early Career Researchers who have translated, or taken active steps to translate their research into sustainable research impact, for example via a licensing agreement, spin-out or other business model.
  • Sustainable Venture – Individuals/teams who have successfully launched a venture that has a clearly identified ‘triple bottom line’ business model, and has demonstrated or begun to demonstrate its viability. Must be formally registered, and trading for a maximum of three years.
  • Organisational Innovator – Individual alumni (up to last three years) who have gone into employment in any role, industry or sector except self-employment, or as a founder member of a start-up

There will also be a ‘bright sparks’ category which will involve the submission of short video pitches for ideas – more details on this category to follow!

Further details on each of the categories and what we are looking for can be found within the nomination form. If you think there is either a team or individual (or maybe you are them!) that fits into one of the categories, please download and complete this nomination form and send it back to enterpristeam@lancaster.ac.uk no later than the 31st of October.

 

An update from Ikigai Factory Ltd

Things have changed for Patrizia, Sebastien & Kyaw (MSc International Innovation, 2016) since they last shared an update following their victory at the 2016 Santander Big Ideas competition. Having established their company Ikigai Factory Ltd earlier this year, the trio have taken part in two startup accelerators and are going from strength to strength. Here they share an update and some valuable advice for aspiring entrepreneurs.

Our company is called Ikigai Factory Ltd and the flagship product we are developing is called REVR, which stands for real estate virtual reality. REVR is a simple tool to create, manage, view and share virtual property tours. Virtual tours help the property listings of real estate agents become more engaging and compelling. The idea originated from our experience of renting a flat in China from the UK by only looking at photos…. and well, it’s an understatement to say what we saw on the pictures did not reflect at all what we got!

So in February 2017 we incorporated our company with the support of the Enterprise Centre who also helped us with finding an accountant (at a convenient price, which is always important when you are a startup). We also started a 12 week pre startup accelerator in London (FFWD) which was very useful as it gave us guidelines on how to carry out different parts of the business such as, finance and marketing. Also it was a great opportunity to network with experts from different business areas and discuss and get advice from mentors. We worked on different important topics every week and had to present the results in front of other startups which was excellent practice for pitching on stage.

At the same time, we applied for the Barclays Eagle Lab Flight in Brighton, a startup accelerator which gave us access to some funding (always welcome) in the form of an unsecured loan. One of the best parts of the programme was to have office space; it’s not always very productive to work from home. Since there were only seven or eight other startups it was easy and natural to network and we spent a lot of time together and we came to know each others businesses quite well which allowed us to share suggestions, advice and learn from each other.

The programme finished at the end of June. During the summer we decided to hire a freelance senior developer to make progress quickly and have a functioning product as soon as possible. Through the Brighton accelerator we were introduced to a local real estate that since August has been testing our solution; this has been very useful and getting feedback from both the agency and the customers has allowed us to improve our product/service to add genuine values.

Lancaster University was very helpful as we have been introduced to a potential investor from China, and at the same time, LUSU Living has become our customer #1! Since August we have had a fantastic intern working on our social media (thank you Camille!).

It we could give one piece of advice or recommendation to our fellow aspiring student entrepreneurs, it would be to use the resources available at Lancaster University!

So what’s next for us? Our current main goal will be to get on board between 5-10 customers per month, and look for potential investors to develop REVR further and focus on growth and scaling.

If you want to know more about REVR and Ikigai Factory, check out their website here and have a look at their page on our Enterprise Directory.

If you’d like to make the most of the resources and support available at Lancaster, register with us and get started! 

What’s new for 17-18?

If you’ve engaged in Enterprise & Innovation support through us previously, you are probably wondering what’s happened to the Wednesday IdeasLab and Thursday StartupLab sessions.

We found that so many people were bringing new ideas, having just a couple of fixed-time drop-in sessions per week wasn’t giving everyone enough time and space to get the attention they needed

So, this year we’re opening up more slots and letting you call the shots on when they should happen.  We’re still calling them Labs, but there are now lots of different Lab types to choose from.

How does it work?

The idea is simple – we’ll help you put together a personalised development programme and you work through it at your own pace. Whenever you’re ready to work on something new, you book a Lab session and we’ll supply the space, the know-how, the resources, and, where appropriate, bring in like-minded collaborators.

To make this work though, there are a couple of other things that have changed.

  • Firstly, before you start ‘dropping in’, we’ll ask you to register or re-register by completing a short Registration Form so we can get you into the system.
  • Secondly, we’ll book you in for a 1-2-1 chat (called an IntroLab) so we can find out more about you, what you are trying to achieve and what you are looking for right now.
  • Thirdly, we’ll get you underway so you can start putting together your bespoke development programme from our new menu of different Lab types. Regardless of what you are working on or where you are up to, there’ll be something for you.

To get started right away, please complete the Registration Form.

To find out more about Labs, please visit this page.