Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Turning research into commercial reality

31.05.2007
Launch of the Research Councils UK (RCUK) Business Plan Competition (2007/08)

The search is on for ‘would be’ entrepreneurs who want to turn their research ideas into a successful business.

The third RCUK Business Plan Competition is launched this week (Friday 1st June 2007) and is open to researchers from across the breadth of activity supported by the Research Councils (ranging from science and technology to the arts).

The competition provides researchers who have commercially viable ideas with the skills, knowledge and support needed to develop a first-rate business plan.

Minister for Science and Innovation, Malcolm Wicks, said:

“It is discovery that provides the starting point for innovation, but it is in developing the foundations for a product or service through a sound business strategy that leads to commercial success.

“These awards will help promising researchers develop the skills needed to take their ideas to the shop floor.”

All competitors will get business training and mentoring along the way and the winning team will also receive a cash prize to further their business idea. The final will be held in November 2008.

Speaking on behalf of the Research Councils UK, Professor Philip Esler said, “UK research in science, technology and the arts ranks among the highest in the world. The RCUK Business Plan Competition is an exciting way to showcase some of the most innovative research and help commercialise some of the best projects.”

Last year’s winning team Warwick Warp, a spin-out company from the University of Warwick, scooped a prize of £25,000. They developed a highly accurate fingerprint identification technology for use in personal ID cards, passports and access control systems. They are now starting their second round of fund raising to further develop the company.

The other finalists have also benefited greatly from the mentoring received during the competition and all have enjoyed further success with their business plans. Dr Valerie Ferro, leading the Strathclyde University team, said: “The data obtained in constructing the business plan was extremely useful in putting proposals to companies. We are also about to file a new patent thanks to the mentoring received whilst working on the business plan.”

Julia Short | alfa
Further information:
http://www.rcuk.ac.uk/news/0708bpc.htm

More articles from Business and Finance:

nachricht Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik

nachricht RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Molecular switch will facilitate the development of pioneering electro-optical devices

A research team led by physicists at the Technical University of Munich (TUM) has developed molecular nanoswitches that can be toggled between two structurally different states using an applied voltage. They can serve as the basis for a pioneering class of devices that could replace silicon-based components with organic molecules.

The development of new electronic technologies drives the incessant reduction of functional component sizes. In the context of an international collaborative...

Im Focus: LZH showcases laser material processing of tomorrow at the LASYS 2018

At the LASYS 2018, from June 5th to 7th, the Laser Zentrum Hannover e.V. (LZH) will be showcasing processes for the laser material processing of tomorrow in hall 4 at stand 4E75. With blown bomb shells the LZH will present first results of a research project on civil security.

At this year's LASYS, the LZH will exhibit light-based processes such as cutting, welding, ablation and structuring as well as additive manufacturing for...

Im Focus: Self-illuminating pixels for a new display generation

There are videos on the internet that can make one marvel at technology. For example, a smartphone is casually bent around the arm or a thin-film display is rolled in all directions and with almost every diameter. From the user's point of view, this looks fantastic. From a professional point of view, however, the question arises: Is that already possible?

At Display Week 2018, scientists from the Fraunhofer Institute for Applied Polymer Research IAP will be demonstrating today’s technological possibilities and...

Im Focus: Explanation for puzzling quantum oscillations has been found

So-called quantum many-body scars allow quantum systems to stay out of equilibrium much longer, explaining experiment | Study published in Nature Physics

Recently, researchers from Harvard and MIT succeeded in trapping a record 53 atoms and individually controlling their quantum state, realizing what is called a...

Im Focus: Dozens of binaries from Milky Way's globular clusters could be detectable by LISA

Next-generation gravitational wave detector in space will complement LIGO on Earth

The historic first detection of gravitational waves from colliding black holes far outside our galaxy opened a new window to understanding the universe. A...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

Save the date: Forum European Neuroscience – 07-11 July 2018 in Berlin, Germany

02.05.2018 | Event News

Invitation to the upcoming "Current Topics in Bioinformatics: Big Data in Genomics and Medicine"

13.04.2018 | Event News

Unique scope of UV LED technologies and applications presented in Berlin: ICULTA-2018

12.04.2018 | Event News

 
Latest News

When corals eat plastics

24.05.2018 | Ecology, The Environment and Conservation

Surgery involving ultrasound energy found to treat high blood pressure

24.05.2018 | Medical Engineering

First chip-scale broadband optical system that can sense molecules in the mid-IR

24.05.2018 | Physics and Astronomy

VideoLinks
Science & Research
Overview of more VideoLinks >>>