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November 2005 edition

£25K prize encourages researchers to ‘go commercial’

A new business plan competition has been launched in a bid to convert research into business opportunities.

The competition is open to researchers from within UK higher education or public sector research establishments, within the remits of eight UK research councils including technology and biosciences.

Academics wishing to turn their research into a viable business are encouraged to participate. Entrants must prepare a one page summary of their idea and complete an application form. Those who are shortlisted will take part in a two-day commercialisation workshop, then gain useful advice from skilled experts who will help them to prepare a business plan.

Prizes of up to £25,000 will be awarded to those business plans with the most potential.

For an application form visit: http://www.rcuk....

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