This summer, The Foundry, Oxford Sciences Innovation (OSI) and Oxford University Innovation (OUI) will run the StEP scheme to engage groups of student entrepreneurs in creating new spinouts.
OUI will make University IP available to student groups for the purpose of putting together investable business cases. The groups will receive a stipend (£1,500 for applicants who can commit to the full-time programme), a place to work, mentoring from OUI staff and free access to an intensive training programme.
The programme will be based at The Foundry, commence on 1 July 2019 and run for four weeks, when all groups will have the chance to pitch for £25,000. This will enable the successful teams to put more time into their business idea, bring in additional expertise, and work with OSI on putting a more substantial first round investment together to start their new spinout.
Applications to StEP is now closed and we will be letting the successful applicants know over the next few days.