Awards will typically be made to individuals from any department/school at the University of Bath.

The programme offers an award (grant) of up to £24,000 (£1,500 of this funds a year of Virtual membership at SETsquared Bath’s award winning business incubator). The grant assists with your living costs throughout your award year so that you can commit most of your time to developing your business. The grant is not paid to your business and should not be considered an investment.

Awards are allocated at the discretion of the panel. Funds will be allocated in three tranches on the condition that milestones in the project plan are met. Your SETsquared Bath business mentor will monitor progress and sign off on the milestones before each payment is made to you. You will be expected to complete quarterly review forms describing your entrepreneurial journey and embrace opportunities to showcase your business at key events that we believe will be beneficial to you.

• Look back at the 2025 award winners
• Look back at the 2024 award winners
• Look back at the 2023 award winners
• Look back at the 2022 award winners
• Look back at the 2021 award winners
• Look back at the 2020 award winners
• Look back at the 2019 award winners

The Award (grant) value will be up to £24,000 to support your living costs during the year. The grant is not awarded to your business. Awards are allocated at the discretion of the panel. Funds will be allocated in three tranches on condition that milestones in the project plan are met. The SETsquared Bath business mentor will monitor progress and sign off on the milestones.

Membership of the SETsquared Bath Innovation Centre (£1,500 fee paid by the grant) is a pre-requisite for receiving the award. Membership will start in the autumn following allocation of the award. The annual fee for SETsquared Bath Innovation Centre membership is included in the total amount granted and will be invoiced in full prior to the start of the incubation period.

Winners of the award are expected to commit the majority of their time to developing their business post graduation.

Winners of each award will attend a mentoring session at the SETsquared Bath Innovation Centre before spending time developing their product or service. The output of this session will be a delivery plan for the next 12 months.

Winners will be required to submit regular written updates against the development milestones in the project plan. These updates will be used as a public blog on the SETsquared Bath website. They will also be required to attend quarterly review sessions at the SETsquared Bath Innovation Centre. The updates and quarterly review meetings will be summarised and shared with the funders.

The funds for the award are provided in grant form by the University of Bath Alumni department. Winners will be required to keep a regular blog to record their progress as entrepreneurs and the development of their businesses and occasionally be asked to contribute to press or promotional events and materials on behalf of the University of Bath and SETsquared Bath.

The University of Bath reserves the right to suspend the award payments at any time.