The 2015 Biotechnology Young Entrepreneurs Scheme (YES) for early career researchers is now open for entries.
This competition aims to raise awareness of the commercialisation of scientific ideas by teams developing hypothetical business plans, and is delivered by the Biotechnology and Biological Sciences Research Council (BBSRC), the University of Nottingham’s Haydn Green Institute for Innovation and Entrepreneurship, the Medical Research Council, the Natural Environment Research Council and the Royal Society of Chemistry.
Teams attend intensive three-day residential workshops held across the UK to receive help and support from leading figures in industry, before pitching their ideas to a panel of experts.
Through this scheme they are able to enhance their commercial awareness and develop skills including presenting, time management, negotiation and team building, as well as having the opportunity to network with industry professionals.
Top teams from each workshop are selected to progress to the final in London to compete for prizes including £2,500 and a trip to the Rice Business Plan Competition in the USA.
Alongside existing industrial hosts Syngenta, GSK and the Stevenage Bioscience Catalyst, Unilever is also joining the line up this year, hosting a workshop at Colworth Science Park in late September.
“This year marks 20 exciting years of YES and is testimony to the strength of the unique partnership between Nottingham and our invaluable and visionary long term sponsors,” said Professor Simon Mosey, Director of the Haydn Green Institute for Innovation and Entrepreneurship. “Unilever coming on board to host a workshop gives a new impetus to the competition and will enhance the participants’ insights into the reality of commercialising science and technology innovations.”
Entries to this year’s competition close on May 29.