Funding Competition

Win up to £20,000 for your business venture!

We run the LSE Generate funding competition twice a year, during the Michaelmas and Lent terms. Each competition has 3 to 5 winners, who will each take home a share of £20,000 to spend on their ventures. 

Your time is now, and we’ve got your back!

Funding Competition Workshop - with David Paperelli: Watch the informal fireside breakfast with LSE Generate's Entrepreneur of the Year who offered his top tips on how to maximise your chances on reaching the Generate competition finals!

Who can apply?

Both current LSE students and alumni graduates, with no restriction on year of graduation, from the UK and overseas can apply.

We welcome new ventures at one of these stages:

  • Pre-launch - You have identified an opportunity and are in the process of developing your market understanding, proposition and initial team. 
  • Live - You have an initial team, minimal viable product or service, and are in negotiations with or working with your first customers.

Your venture must be a commercial product or service rather than a charity or organisation that relies on grant funding. You can articulate how your venture contributes to the SDG's and you are a current LSE student or alumni.

There is no restriction on how many team members you can have for each entry, but you will need to explain the role and contribution of each person.

Previous applicants are eligible, but we’ll be looking for evidence that your idea has developed since your last application. Previous winners are unfortunately not eligible as we want to be able to support as many entrepreneurs as possible!

Please note: Applicants to the Pre-Launch category are not expected to include as much detail in some areas as those applying for the Live category.  

 

When do applications open?

Michaelmas Term 2021 applications are now closed.

Lent Term 2022 applications will open on, Monday 17th January 2022.


How to apply

We are launching the funding competition and processing applications through our brand new platform - the GenHub. Applications are now closed. 

To apply please follow these steps:-

Step 1: Register with LSE Generate (Typeform)

Before accessing our new platform, you will need to register with our CRM first. Please fill out the typeform linked above before proceeding.

(Please note - If you have applied or been involved with LSE Generate over the past 3 years, you may already be registered with us. If so, please head straight to Step 3. If your email is not recognised, then please head back to Step 1 and complete the form.) 

Step 2: Wait for 20 minutes

It will take approx. 20 minutes for your profile to be created on the GenHub. If after 1 hour you still can't access the platform, please email: p.p.mungai@lse.ac.uk

Step 3: Sign up & log in to the GenHub (Stacker)

Please click on the link above to the GenHub and Sign Up. Follow the steps shown and once logged in, ensure all fields on your profile are complete as this will be reviewed as part of your application.

Step 4: Apply

Head to the Funding Competitions tab and apply for the MT 2021 competition. Your application will be availble to review in the My Applications section. Good Luck!

Step 5: My Applications

Once applied, click on the My Applications page and refresh the browser. You will then be able to view your application. Please only submit the application once.

If there are technical issues, please email: p.p.mungai@lse.ac.uk

 

Looking to nail your Pitch Deck?

Follow this link to get guidance from our friends and partners at Houghton Street Ventures. 

 

The Rounds

The LSE Generate Funding Competition consists of just two rounds:

ROUND 1: THE BIG SELL

This is your one chance (that's a bit dramz; there'll be plenty of others) to wow us - we want you to submit a pitch presentation and a 60-second video to sell your genius idea.

  • Deadline for Round 1 submissions: Sunday, 31 October 2021 at 11.59pm.
  • What to includeThink of this as an investment pitch and include everything an investor might want to see. Some areas to consider:

    o   Market research and strategy (e.g. segmentation, mission statement, competitor analysis, user research, marketing strategy, social impact)
    o   Management and organisation (e.g. company description, team structure, logistics)
    o   Financials (e.g. costs, revenue projections, sales figures if available)
    o   How you’ll spend your winnings

    Please note: Applicants to the Pre-Launch category are not expected to include as much detail in some areas as those applying for the Live category. 
  • Support available: We'll invite you to workshops and masterclasses to help you prepare your application in September and to find exactly what you should include. It's really important to attend these to make sure you're on the right track and can have an opportunity to get your questions answered.                                                                                                
  • What to do: The most important thing to do to prepare for the final is practise, practise and practise again.
  • Support available: All finalists will be invited to an optional 1:1 pitching practise session and one-off mentoring sessions.

FINAL: THE BIG MOMENT

The funding competition grand finale will take place this year in the beautiful grounds of Winchester college - we will be taking the lucky finalists down to Winchester for a night to pitch in front of students and our expert panel. If you are in another country you are free to pitch via zoom.

  • Successful finalists will be informed on: Friday, 26 November 2021.
  • The Grand Finale: Friday, 3 December 2021.
  • What to include: Think of this as an investment pitch and include everything an investor might want to see. Some areas to consider:
    o   Market research and strategy (e.g. segmentation, mission statement, competitor analysis, user research, marketing strategy, social impact)
    o   Management and organisation (e.g. company description, team structure, logistics)
    o   Financials (e.g. costs, revenue projections, sales figures if available)
    o   How you’ll spend your winnings
  • Support available: If you’re still in the game, we'll invite you to workshops and masterclasses to help you prepare for the final.

LSE Entrepreneur of the Year Awards

We encourage all the competition winners to apply to the LSE Entrepreneur and LSE Social Entrepreneur of the Year awards in the Summer Term. We’ll choose an overall winner for each category and award additional funding.


Visa

If you’re an international student, you could be eligible for a Start-up visa if you participate in the funding competition. Get more information on Start-up visas.


Feedback 

Unfortunately we’re not able to give feedback on Round 1 applications if they’re not successful. You’re welcome to apply for the next competition, which launches in Lent Term 2022.


Support

If you have any further questions or would like advice or support from the LSE Generate team, then please contact us.