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 1999£30K Competition Go-ahead - Publicity commenced
Oct 1999Recruitment and Launch - 600 recruited in 3 days
Training commenced
Jan 2000£1K Competition launched
Mar 2000Prizes of £15K, £10K, £5K and £1K awarded
Jun 2000£50K 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