A new prize to honour entrepreneurship at the University of Cambridge has been launched to commemorate the 21st Anniversary East of England Business Awards.

The Centre for Entrepreneurial Learning at Judge Business School is sponsoring a Cambridge Graduate Business of the Year Award, which will be presented for the first time at a gala dinner on March 24 at Queens’ College, Cambridge and will then be awarded in perpetuity.

The award is designed to recognise the most innovative enterprise launched by a Cambridge graduate.

This new initiative provides a natural thread to the future. It will be interesting to trace the progress of our alumni through their business ventures as they build.

Shai Vyakarnam

To qualify, a business enterprise founded by a Cambridge graduate should have typically enjoyed a minimum of three years outside of the immediate University compass and gained at least a modicum of commercial success. However, a broad brush will be applied by the judges in order to capture any innovative social enterprises instigated by graduates that have improved the planet as a place to live or work. Social enterprises could be local or global projects.

Cambridge University is a world leader in stimulating new generations of entrepreneurs through CfEL programmes such as the IGNITE summer school and Enterprise Tuesday. Its Cambridge University Entrepreneurs venture has also earned global recognition.

Shai Vyakarnam, director of CfEL said: “We’re thrilled to be able to join forces with Business Weekly through this innovative new ‘Graduate Award.’

“Our organisations already work together promoting the IGNITE and Enterprise Tuesday programmes and this new initiative provides a natural thread to the future. It will be interesting to trace the progress of our alumni through their business ventures as they build.”

Alumni who believe they qualify for the inaugural Graduate Entrepreneur of the Year Award can contact Tony Quested at +44 (0) 1223 655 265 or via email: tquested@businessweekly.co.uk – or get in touch directly with the CfEL team on +44 (0) 1223 766900, Email: cfel@jbs.cam.ac.uk

The organisers will also be contacting relevant organisations and companies already on the radar.

Photo credit: Cambridge Science Park by Howard Chalkley via Flickr