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Student Inc. Accelerator Programme launches across Munster.
Student Inc., the accelerator programme for student entrepreneurs, has just been launched across three campuses in Munster for the first time ever. During the months of June, July & August a total of 30 student entrepreneurs will work full-time on their business ideas in three on-campus incubation facilities in University College Cork, Cork Institute of Technology and the Institute of Technology Tralee.
The Student Inc. Programme takes student entrepreneurship from the class room and transfers it to an applied setting where the promoters can dedicate themselves full-time to the development of their respective business propositions. Peter Finnegan, Director, Blackstone LaunchPad at UCC, stated that “the Student Inc. Programme was a significant leap forward in terms of UCC’s support offering for its student entrepreneurs. It would mean that for the first time a funding mechanism would be provided whereby existing students could work on-campus throughout the summer to bring their idea to fruition. We are extremely grateful to CIT and IT Tralee for inviting us to join them on this journey over the next three years. We look forward to supporting the 30 students over the next few months to transform their innovative business ideas into early-stage ventures.”
Each student entrepreneur receives €4,000 in seed funding for their business, office space, training and mentoring over the three summer months. The programme will consist of a series of structured workshops, taught content, interactive workshops as well as regular pitching sessions.
The students come from a variety of discipline areas including:
- Business Information Systems
- Computer Science
- Film & Screen Media
- Social Science
20% of the 2019 Student Inc. Programme participants are First-Year Students with business Ideas that range from a new type of sheep marking device to a new digital music playlist generator, a data mining tool for the trading sector and a sailing mast innovation.
The Student Inc. Programme is an initiative that was developed in 2011 by the CIT Innovation and Enterprise Office and has grown successfully over the past 8 years. This is the first year that the programme is branching out across the region. The expansion is being funded by the Higher Education Authority, under their Innovation and Transformation Fund.
UCC, CIT and IT Tralee are individually recognised for the successful integration of entrepreneurship and enterprise into student education. The Student Inc. Programme ensures that all third level students across the Cork and Kerry region have an excellent opportunity to start a business during their time in college. These students will be rewarded with life skills that are best attained through experiential learning rather than classroom settings, and the development of such transferable skills will be beneficial to them whether they travel down the entrepreneur or employee route after they graduate.