A University of Edinburgh medical student start-up company has beaten off stiff competition from across the UK to land win a Santander Universities Entrepreneurship Award.
A University of Edinburgh medical student start-up company which designs and manufactures training tools for surgeons to improve their operative skills has beaten off stiff competition from across the UK to land first place in the Santander Universities Entrepreneurship Awards' postgraduate category.
The company, EoSurgical, founded by Paul Brennan and Roland Partridge, both PhD students and trainee surgeons at the University of Edinburgh, landed the £20,000 first prize - the latest in a series of awards for EoSurgical.
Earlier this year, they won the Scottish Institute for Enterprise New Ventures Competition and took second place in the University of Edinburgh's Innovation Cup in June. Throughout the year, the team have been working closely with LAUNCH.ed, a free service, set up by Edinburgh Research and Innovation, the University’s commercialisation office, to help students start new businesses.
In total, 55 universities were invited to participate in this year's Santander Universities Entrepreneurship Awards, which recognise the top undergraduate and postgraduate start-up businesses to come out of universities in the past five years.
Other finalists in the postgraduate category included start-up companies from Oxford, Cambridge, and the London School of Economics and as Paul Brennan commented, the award is a massive boost for the young start-up, as well as further enhancing the University of Edinburgh’s excellent track record in pioneering biomedical science.
"After a hectic few months working with the LAUNCH.ed team to develop our business strategy, it's fantastic to win the Santander Universities competition. To be selected for the £20,000 first prize from the 60 best university start-ups in the UK is a great endorsement of the company and its strategy, but also the quality of the support we've received from LAUNCH.ed."
Roland Partridge added; "We are thrilled to have secured this prestigious award. We are committed to providing accessible training tools for surgeons to improve their operative skills, and this prize is a great encouragement and will be invaluable in helping us succeed. This is a crucial phase as we start to build our publicity campaign and prepare for the full launch of our first product, the EoSo, in August."
Paul Devlin, Company Formation Executive at LAUNCH.ed, said, "EoSurgical have worked incredibly hard to move the business forward, winning recognition along the way. It's been amazing to see them progress and be able to help them on their journey. It’s exactly the sort of progression we should help our clients make - from university, to Scottish, then UK and international recognition."
EoSurgical’s win builds on Edinburgh’s success last year, where student start-up Speech Graphics won 3rd place and £5,000 in the postgraduate category.
The Santander Universities Entrepreneurship Awards is run by the Santander Universities Division: a global division of Banco Santander established with the aim of supporting higher education through donations and specialised initiatives.