LONDON The Research Councils Business Plan Competition (2005/06) is seeking would be entrepreneurs who want to turn their research ideas into a successful business that everyone can benefit from. It is open to researchers from across the breadth of activity that is supported by Research Councils UK ranging from science and technology to the arts.
All competitors will get business training and mentoring along the way and the final will be held in December 2006 with the winning team getting up to £25,000 to further their business idea.
The winner of the last competition was ThruVision, a spin-out company from the CCLRC Rutherford Appleton Laboratory in Oxfordshire. Their development of revolutionary radiation-free imaging technology has led to the easier detection of hidden guns, explosives and contraband. ThruVision’s Director, Dr Jonathan James, said, “Quite apart from the prize money, winning the Business Plan Competition gave us a real boost in terms of credibility and profile.”
Other designs that made it to commercial adoption included more accurate photofits of criminal suspects, improving the management of high-risk pregnancies and using holograms to hit back at CD and DVD piracy.
The competition is open to researchers based in UK Higher Education Institutions (HEI's) or Public Sector Research Establishments (PSRE) and postgraduates, postdocs and academic staff who have a business idea arising from research and want to develop this further are encouraged to participate. Further details are available on how to take part in the competition or by contacting the Competition Manager, Sarah Cooper. Research Councils UK (RCUK) is the partnership between the UK's eight Research Councils who run several cross-council multidisciplinary research programmes and are the main public investors in fundamental research in the UK.