A new competition has just been launched by the Intellectual Property Office that will enable University students to bid for a share of a £750,000 fund. The competition has been designed to encourage the practical use of intellectual property.

The StudentshIP Enterprise Awards will provide funding, ranging from £10,000 up to £100,000, for university projects that bring enterprising students, businesses, and their local community together to work on innovative projects. In-house projects or collaborations with other universities or businesses that create, manage or exploit intellectual property will all be considered.

Award winners will increase their understanding of the value and use of intellectual property, so the next generation of graduates are better equipped to enter the world of modern business and make the most of their unique ideas.

The competition runs until 12 December 2014,with finalists announced in January and the winners in March 2015.

To find out more or to enter the competition go to:https://www.gov.uk/government/news/750000-competition-announced-to-help-students-with-clever-ideas