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InvEnterPrize Student Ideas Competition – 2023

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InvEnterPrize is Aberystwyth University’s Student Ideas Competition which is open to undergraduates, post-graduates and recent graduates. The competition rewards the entrant with the Best Business Idea.

InvEnterPrize competition provides a yearly opportunity for entrepreneurial students to develop a business concept or social enterprise idea and pitch it to a panel of successful Aberystwyth University alumni in a virtual Dragons’ Den-style event.

InvEnterPrize is run in conjunction with and predominantly funded by the Alumni Office (DARO) which donates a £10,000 prize fund, which is now enhanced with the EIB funding to stimulate participation from students and graduates from the Departments of Computer Science, Maths and Physics. In addition to the support from DARO, the university partners with Aber Innovation and Enterprise Campus which offers free ‘office space’ for one year to businesses specifically allied to biosciences.

Winner: Satellite Media

Left is Raex Philip, Business & Economics Undergraduate with Callum Payne, Computer Science Undergraduate, winners of a £3,000 Engineers in Business Prize for their innovation, Satellite Media.

Satellite Media is a media agency integrating three pillars of service: production, talent management and rentals. While businesses focus on each individual pillar and may not grow at a sufficient pace in smaller markets, by operating an integrated business where each service supports another, we save costs and are able to thrive in slower-moving markets. Additionally, in adopting a virtual presence instead of a physical office, Satellite Media puts into practice remote working skills learned during the pandemic and will further boost productivity whilst cutting costs.

All businesses need varying types of photo, video and social media content in order to improve their outreach and engagement, and Satellite Media intends to fulfil such needs. The business also aims to protect, nurture and equip creatives, bolstering their individual portfolios through a shared space to exhibit their work. This will also enable Satellite Media to undertake larger projects, assembling bespoke teams to cater to the unique demands of each project. Lastly, Satellite Media aims to serve as a rental house enabling both the general public and professionals to upscale their productions on a needs basis if they are unable to justify purchasing the items themselves.