Great opportunity for young Cambridgeshire entrepreneurs

Published: 9 June 2011 at 11:08

Anglia Ruskin’s CEDAR Enterprise Fellowship Scheme offers £50,000 prize

Budding Cambridgeshire entrepreneurs have the chance to secure up to £50,000 to get their business idea off the ground thanks to an innovative scheme being run by Anglia Ruskin University.

The Centre for Enterprise Development and Research (CEDAR) – based at Anglia Ruskin in Cambridge – is managing the fund, which will be distributed to entrepreneurs under the age of 35 who want to turn their ideas into reality.

The CEDAR Enterprise Fellowship Scheme is sponsored by a private benefactor and, in addition to a share of the £50,000, winners will also receive mentoring from successful local entrepreneurs including Walter Herriott, Paddy Bishopp, Natalie Heywood and Peter Taylor; access to the Anglia Business Club; specialist training and development; legal support and advice; plus help from the expert academics within the CEDAR team.

Lester Lloyd-Reason, Professor of International Enterprise Strategy at Anglia Ruskin, said:

“There are bound to be many people in Cambridgeshire who have an idea for a business and hopefully this can give them the help they need to take it to the next level. 

“The aim of the CEDAR Enterprise Fellowship Scheme is to help promote the spirit of enterprise and entrepreneurship because it’s this can-do attitude that drives the economy in this country.

“If we like their plan, the would-be entrepreneur can bid for up to £50,000.  They can bid for the whole amount if they want to, but it’s unlikely that we will give all of that to one individual.  We would probably prefer to have two or three individuals, who will each be awarded a CEDAR Enterprise Fellowship. 

“But it’s not just about the money.  The winners will also be supported by CEDAR and other experienced entrepreneurs to ensure they get all the help they need to build their business.”

The CEDAR Enterprise Fellowship is open to anyone living or working in Cambridgeshire who is aged under 35.  The deadline for applications, which involves people submitting a one-page summary of their idea and another page about themselves, is 30 June 2011.

All entries will be treated with the utmost confidentiality in order to protect all intellectual property.