The last two years

Since its foundation in 1999 Coventry University Entrepreneurs has developed into a thriving student society with strong support and financial backing from the local business community.

CUE was modelled on the highly successful MIT $50K competition which has generated enormous enthusiasm and led to the creation of over 60 companies with an aggregate value of $10.5 billion.

It is still early days for CUE but we have already seen 8 firms created and there are more on the way.

Progress:

Jun 1999Team established to set up competition
8 blue-chip sponsors signed-up
Aug 199930K Competition Go-ahead - Publicity commenced
Oct 1999Recruitment and Launch - 600 recruited in 3 days
Training commenced
Jan 20001K Competition launched
Mar 2000Prizes of 15K, 10K, 5K and 1K awarded
Jun 200050K Competition Go-ahead
Oct 200052 50K Submissions / 50 1K Submissions
Mar 2001Prizes of 15K, 12.5K, 10K, 7.5k, 5K and 6 x 1K
Apr 2001Founding team handed over for 2001/2002