Launching a New Chapter for Student Innovation
The launch of the Redmond Annual Prize for Entrepreneurship and Innovation marks a significant step forward for students at Liverpool John Moores University (LJMU). By offering a £2,500 award, the programme provides tangible support for fresh ideas that could eventually grow into viable businesses or research projects. This initiative reflects the university’s commitment to nurturing creativity across disciplines and demonstrates how alumni and donors can actively contribute to the next wave of innovators.
What the Redmond Prize Brings to Students
Unlike many scholarship schemes that focus solely on academic merit, the Redmond Prize rewards the potential of your idea and the effort you’ll invest in turning it into something real. The benefits include:
- Financial kick‑start: The £2,500 prize can be used for prototype development, market research, or travel to relevant conferences.
- Mentorship access: Winners and applicants gain guidance from industry experts, university faculty and experienced entrepreneurs.
- Networking opportunities: Participation opens doors to pitching events, investor meet‑ups and collaboration projects with other students.
- Credibility boost: Winning the prize gives your venture a strong endorsement that can attract investors, partners and customers.
“ Creativity is at the core of everything we do
Target Audience: Who Should Apply?
While the award is open to students from all majors, it is particularly valuable for those who:
- Hold an idea that addresses a real problem or offers a novel service.
- Are ready to invest time beyond coursework into a side project.
- Seek guidance from experienced mentors and access practical resources.
- Want a financial boost to bring concept to life.
Applying to the Redmond Prize
The application process is streamlined through the LJMU Student Futures Start‑up Hub. Follow these steps to submit a strong expression of interest:
- Visit the Redmond Prize page and review the eligibility criteria.
- Prepare a concise description of your idea, including:
- Problem statement and market need.
- Proposed solution and differentiation.
- Estimated budget and how the £2,500 will be allocated.
- Support your submission with a short video or slide deck if you wish – this can help illustrate your enthusiasm and clarity of vision.
- Click “Submit Expression of Interest” before the closing date set on the page.
After submission, your idea will be reviewed by a panel of academics and industry partners. Selected candidates will then be invited to a pitch session where they can present to the Redmond award committee.
Preparing a Winning Pitch
A successful idea alone isn’t enough – you need to convey your passion, feasibility and impact to the judges. Here are actionable tips:
- Tell a clear story: Begin with a relatable problem, then show how your solution fits in.
- Show evidence: Present market data, user feedback or a minimum viable product.
- Plan for growth: Outline short‑term milestones and long‑term scalability.
- Practice delivery: Rehearse with peers, use timing tools to stay within the allocated limit.
- Seek critique from mentors at the Student Futures Hub before finalisation.
Success Stories: Past Winners of Similar Initiatives
Although the Redmond Prize is new, LJMU has a history of supporting student ventures through the Student Futures programme. Previous recipients have launched health‑tech prototypes, sustainable packaging startups, and community‑focused digital platforms. Many report that the prize money and mentorship moved their concepts from paper to prototype, and some attracted seed investors within months.
Case Study: “EcoSwap” – A Sustainable Packaging Idea
Student Emma Brown received a £2,500 grant and used it to develop biodegradable packaging mock‑ups. She worked with the Materials Engineering department to test durability, then presented at the university fair, where a local eco‑brand pledged a partnership. Emma now runs a part‑time consultancy that advises local businesses on green packaging.
Leveraging the Redmond Prize for Your Future Career
Winning or even participating in the competition can be a strong addition to your CV. It shows employers:
- Initiative and risk‑taking.
- Ability to plan and secure funding.
- Project management and teamwork.
Encourage potential employers to view any project reports or prototypes you produced during the award cycle. The experience can also be a springboard for applying to postgraduate courses in business or entrepreneurship.
Next Steps for Interested Students
1. Explore the full details on the Redmond Prize page and note the deadlines.
2. Brainstorm and refine your idea – use the Student Futures ideation workshops to get feedback.
3. Gather supporting documentation such as sketches, user surveys or cost estimates.
4. Submit an expression of interest before the cut‑off.
5. Prepare for the pitch by rehearsing, seeking mentor input, and polishing visuals.
Apply today and turn your concept into a tangible venture.
Where to Find More Resources
The Student Futures Hub offers a range of workshops and one‑to‑one coaching on idea validation, business modelling and funding applications. Additionally, the university’s <Funding Support portal> provides information on other scholarships and grants that can supplement the Redmond Prize.
Conclusion
The Redmond Annual Prize for Entrepreneurship and Innovation is a clear indicator that LJMU values forward‑thinking students across all departments. By combining financial support, mentorship, and networking, the award equips students to transform an initial spark into a prototype that could eventually disrupt markets.
Whether you’re a budding entrepreneur or a curious student looking to explore an idea, this prize offers a practical step toward realizing it.
Take action now – submit your expression of interest and start the journey to build your own venture.
