Biotechnology YES: Closing date for applications: 18 June 2010
“Biotechnology YES is an innovative competition for postgraduate and psotdoctoral scientists which develops the business skills necessary to recognise, protect and harness the commercial potential of bioscience research”
Biotechnology YES is an innovative programme and competition aimed at raising awareness of commercialisation of bioscience research. It is co-organised by the Biotechnology & Biological Sciences Research Council (BBSRC) and the University of Nottingham Institute for Enterprise & Innovation (UNIEI). YES entrants form imaginary companies and bid for funding to commercialise their hypothetical ideas. Through 3-day workshops taking place across the UK this autumn, participants receive training from entrepreneurs, patent lawyers and industry representatives in the business skills necessary to recognise, protect and harness the commercial potential of scientific research outputs.
The culmination of the competition is the preparation and presentation, by each team, of a hypothetical business plan for a new start-up company. The competition is therefore fully in line with the government’s objective of encouraging economic impact and the competition is endorsed by a number of bio-based industries through their sponsorship. In addition, the winning team of the national Biotechnology YES competition will receive a prize of £1000.
Since its launch fifteen years ago, Biotechnology YES has provided entrepreneurial business training for around 3000 researchers from across the UK. A recent independent review of the scheme has highlighted that many former participants found YES to be very influential in developing their careers, with several starting their own companies and many more becoming business professionals within the bioscience sector.