|Up to NOK 1 million in funding for students with a knowledge-based business idea||Choose|
The STUD-ENT funding pilot scheme will be evaluated in autumn 2017 in consultation with students, universities and university colleges.
The STUD-ENT funding scheme seeks to encourage entrepreneurship among students, promote a stronger innovation and entrepreneurship culture in the university and university college sector, and increase the number of knowledge-intensive jobs in Norway.
STUD-ENT funding was established as a pilot scheme at the Research Council of Norway in 2016. The scheme is designed to support entrepreneurship projects run by students. The pilot scheme will be extended through 2017, with an application submission deadline of 29 March.
The STUD-ENT scheme is intended to help students on the path to developing and running viable companies. The students are responsible for realising the business idea under the project and will also gain an understanding of what the company will need beyond the period covered by Research Council project funding.
The scheme is designed to provide both the Research Council and the university and university college sector with new insight into how to create an effective, well-organised framework for promoting student entrepreneurship. Many universities and university colleges are working actively to support students with innovative ideas. The scheme makes it possible for the institutions to boost the most promising student business ideas and promote their realisation.
The STUD-ENT scheme is part of the Research Council’s programme Commercialising R&D Results (FORNY2020). The FORNY2020 programme is a public tool for strengthening existing and creating new knowledge- and research-based industrial activities in Norway. One of the programme’s most important tasks is to provide funding for activities at an early stage of commercialisation efforts and make projects customer- and investor-ready. For more information about the programme, see the FORNY2020 work programme.
These projects have been awarded STUD-ENT funding thus far.
STUD-ENT funding is targeted towards students and Master’s candidates that have recently completed their Master’s degree and have a knowledge- or research-based business idea. Students must be candidates at Bachelor’s or Master’s degree level, or be recent Master’s degree graduates who received their diploma at the latest 12 months prior to submission of the grant application.
The grant application must be submitted by a university or university college on behalf of the students, and that institution will serve as the Project Owner during the application process. The students must therefore have a project administrator who is employed at the university or university college and is authorised to approve the STUD-ENT project at the departmental level. The project administrator will submit the grant application from the university or university college on behalf of the students.
NOK 27 million in 2017 (25 mill. from the FORNY2020 programme and 2 mill. from the IKTPLUSS initiative).