February 2011 NUI Galway Students' Union Launches Student Enterprise Awards

The Student Enterprise Awards, a competition to encourage enterprise and innovation among students, has been launched at NUI Galway. The NUI Galway Students' Union initiative invites students across campus to put forward proposals for a project or business, with a prize of €15,000 for the overall winner. The competition embraces both the innovative and creative abilities of students to formulate a concept, with finalists being offered a chance to turn their idea into reality. The overall winner will not only receive €15,000 direct investment to launch their project, but also invaluable expert guidance and mentoring. Two runner-up prizes are also on offer with financial investment of €2,000. Peter Mannion, NUI Galway Students' Union President said: "We are acutely aware of the hardship being faced by students and their families in these difficult economic times. The Student Enterprise Awards provide an excellent opportunity for young people in particular to apply their skills and talents. By providing the initial financial boost and expert guidance, the Awards have the potential to launch several initiatives that could create much needed employment and investment." The Student Enterprise Awards aim to unlock the potential of NUI Galway students by providing financial support and expertise for students who wish to start a project in the areas of Business, Arts and Social Entrepreneurship. Damien Cosgrove, NUI Galway Students' Union Commercial Services CEO said: "Students' Union Commercial Services is delighted to be involved in this important competition. The University is full of innovative ideas, energetic people and a strong spirit of enterprise. Our company has always been hugely impressed with the culture of entrepreneurship amongst the NUI Galway students. Now, more than ever, students need to be encouraged and supported to turn this spirit of enterprise into real jobs." The Student Enterprise Awards are generously supported by NUI Galway Students' Union Commercial Services Ltd., NUI Galway and the NUI Galway Technology Transfer Office. According to Neil Ferguson, Acting Director of the Technology Transfer Office: "This competition plays an important part in creating a culture of entrepreneurship within our University and is leveraging the huge capacity of our students from across all colleges. We have an excellent history and reputation for start ups and innovation on campus and it is hoped that this competition will add to this by successfully launching new powerful ideas and innovative start-ups which will benefit the Irish economy". The closing date for submissions is Friday, 8 April and applications are available from http://www.suenterpriseawards.com/. -Ends-