The Prince of Wales Innovation Scholarships

 The Prince of Wales Innovation Scholarships, or POWIS for short, will provide 100 world-class graduates to welsh SME’s between 2009 and 2014.

Each partly EU-funded project scholarship places a world class scholar in a company for a period of three years, during which time they undertake research and development on any aspect of the company’s work; whether that is to improve the company’s products and service, their internal processes or the way that they interact with other companies.

Businesses apply here
|
If you are interested in becoming a scholar - click here|

What’s in it for my company ?

Two words: time and opportunity

Have you got an idea that you think will lead to new business, more efficient processes or products, but have never had the time to pursue it? The aim of the scholarships programme is to provide you with the time and opportunity to make that idea work in the commercial world. Each scholar is supported by a dedicated project manager, a local academic supervisor and a local or international academic supervisor with expertise in the chosen field of research.

Is my company eligible?

Part-funding is available for:

• Companies (or clusters of companies) with an office in the convergence area of Wales
• Companies wanting to improve their products, process, or services
• Companies that want to create new intellectual property and commercialise it
• Companies that need a dedicated, fresh thinking team member to work on an idea
• Companies that have a project or collection of projects that will last for three years
• Traditional commercial companies, social enterprises and voluntary sector organisations

To apply, print out and complete the form here |or alternatively send an email to powis.businesswales.ac.uk| to request an electronic version.

What does it mean for the scholar?

We ask a lot from our scholars: They are expected to be based with their host company in Wales on a full time basis and use the outcomes of that time to complete a PhD. It has to be a mutually beneficial agreement, with the company and the scholar both getting the greatest possible advantage from the programme. If you are interested in becoming one of our scholars, read more here|.