Sainsbury Management Fellows (SMF) has launched a GBP700,000 fund to help universities, further education colleges and business schools encourage more engineering students and postgraduates to get involved in business innovation. Called the Engineers in Business Prize Fund, over the next two years 50 institutions can apply for a GBP3,000 grant to support their business competitions or engineering courses with a business component.
SMF President, David Falzani said: “Inspiring innovation is just one reason for offering financial support for existing business education programmes. Research shows that introducing business education to young engineers makes them better engineers, makes them more employable and effective in the workplace, and it is better for the profession and for the UK economy. It does so by teaching students the process of finding solutions to real-life problems, as well as soft skills including leadership, teamwork, collaboration and negotiation...
