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Santander Universities Accelerate Cambridge Project Award

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Young professionals planning tasks on glass wall with adhesive notes in co-working office.

Accelerate Cambridge Ventures, you may be eligible for £2,500 in project funding to propel your business to market entry and profitability sooner.

The Entrepreneurship Centre, in collaboration with Santander Universities, is making grants available to Accelerate Cambridge ventures to enable them to undertake projects that will create measurable impacts on their business.

Ventures can receive between £500 and £2500 per application.

Applying for an award

In order to apply for an award, eligible ventures must:

  • be a participant in the Accelerate Cambridge programme
  • be registered as a company with Companies House
  • have a business bank account in the company’s registered name
  • not have received more than £250,000 in funding
  • be a stage four micro-startup as per the Santander Entrepreneurial Framework.

Santander Entrepreneurship Framework

Stage four venture: micro-startup

Main business objective

Build to test the business model, adapt to the environment, and generate repeating revenue.

People

Fewer than five

Founder role

Founder

Founder objective

Product or service customer fit

Funding

Biz angels, SEED funding, public, crowdfunding

Priority

Sales

Main task

Calculating MVP

Key challenge

Customer insight. Focus. Make sense of feedback. Adapt accordingly to create the right product/service customer fit, Make more realistic cost/benefit calculations.

Successful applicants

Successful applicants will undertake to:

  • create at least two social media posts about their project.
    • First post: either an announcement that funding has been received and how it will be used;  and/or an update on the progress of the project.
    • Second post: impact of the project once it has been completed.
  • attend a meeting with a Santander representative on a mutually agreed date.

Award winners are selected and notified on a rolling basis. Applicants will be notified no later than 21 days after submitting their application.

This award is a grant provided by Santander. Receiving funds has tax implications as well as SEIS/EIS implications – please discuss with your accountants as per your own situation.

For more details on selection criteria as well as full terms and conditions, download

Santander Universities Accelerate Cambridge Project Award terms & conditions

For further information, email [email protected].