Entrepreneurship

EDP competition terms and conditions 2017

  • Any information provided in the online application form may be shared with staff of Highlands and Islands Enterprise (HIE), Scottish Enterprise (SE), Informatics Ventures, Edinburgh BioQuarter, faculty members of the Martin Trust Center for MIT Entrepreneurship, MIT Industrial Liaison Program staff and other members of the Scottish delegation on the EDP 2017 visit. Please do not submit any confidential or commercially sensitive information that you are not willing to share with this group.
  • Applicants must have the support of their HIE or SE Account Manager (or Relationship Manager or Business Advisor from the HGSU) in applying for an EDP place. If you fit the criteria and 100% subsidy is to be sought for your place on EDP, this must be agreed with your Account Manager before you apply. Your Account Manager will be asked to provide a supporting statement along with your application.
  • All eligible entries will be judged by a panel of representatives from HIE, SE, Informatics Ventures and Edinburgh BioQuarter. Shortlisted applicants will then be required to attend an interview lasting up to an hour, which will take place either in Inverness on either 17/18 October 2016 or 20/21 October 2016 in Edinburgh. Shortlisted applicants will be advised on Wednesday 08 October and invited to select an interview slot on one of these four days.
  • Interview slots will be allocated on a first come, first served basis. Please keep the potential interview dates clear in your diary. If you cannot attend an interview in person, your application will be withdrawn from the competition. The best entries as judged by this panel, up to a total of 13, will be awarded a sponsored place.
  • The visit will take place from 19 January – 28 January 2017. Please ensure you are available for all of these dates before entering the competition.
  • The judges' decision is final and no correspondence will be entered into. Successful and unsuccessful applicants will be notified via email.
  • Successful applicants are required to attend the Pre-EDP briefing and networking session on 30 December 2017 in Edinburgh. Please keep this date free in your diary. Attendance at this event is mandatory and if you cannot attend, your offer of a sponsored place on MIT EDP 2017 may be withdrawn.
  • The financial value of the prize is approximately £8,100. This includes the course fee, return travel from Aberdeen, Edinburgh or Glasgow to Boston, accommodation during the 10 day visit and two Scottish group networking dinners sponsored by HIE and SE. Added value from attending on an HIE/SE/Informatics Ventures/BioQuarter sponsored place comes from additional networking meetings arranged with the wider business network in Boston which may include GlobalScot, the Saltire Fellows, MIT faculty and researchers and the EDP alumni cohort.
  • In order to comply with the competition rules, participating businesses (account managed by HIE or SE) will be expected to contribute 30% of the total cost of attending the course (course fee plus flight and accommodation cost) which is expected to be approximately £2300 per participant. The actual subsidy may have to be reduced in order to stay within the State Aid Regulations for large companies with over 250 employees or a turnover above £50M. Successful applicants will be advised of the approximate cost before departure, and invoiced for this cost in February 2017. The new entrepreneurial companies that meet all of the following three conditions may be considered for full funding support under De minimis State Aid rules.

    - less than 3 years since registration
    - pre-revenue or less than £50k revenue to date
    - at seed stage investment or earlier.
  • On return from the visit to MIT, the winners will be required to produce a short report on the trip, describing the benefits of the visit, and how they will apply the learning to their business. This report must be submitted by Friday 20 March 2017. In addition, the winners will be required to share their experience with other aspiring Scottish entrepreneurs when requested to by HIE, SE, Informatics Ventures or Edinburgh BioQuarter during the course of the EDP programme and over the following year.
  • The inability to contact a potential winner of a sponsored place may result in disqualification and selection of an alternate winner. Winners will be required to have a current, valid, machine readable passport and their own travel insurance. Participants are personally responsible for their VISA to the US.
  • Participants should ensure they are eligible for a US VISA prior to accepting the prize.
  • Cost of travel from their home or office location to Boston and return, plus overnight accommodation will be provided through the programme. Any other costs incurred during the trip, including all meals, will be at the individual’s own expense. Withdrawal from the trip following notification and acceptance of prize will leave the winner eligible for any booked travel and accommodation costs.
  • By submitting an entry and entering this competition you hereby grant the sponsors (Highlands and Islands Enterprise, Scottish Enterprise, Informatics Ventures and Edinburgh BioQuarter) the right to use, publish and distribute your entry and any promotional photographs taken in connection with the promotion of HIE’s partnership with the Massachusetts Institute of Technology. Further, none of the entry materials submitted by you will be treated as confidential, so please do not submit proprietary information.
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