Biotechnology Young Entrepreneurs Scheme
Call status: Open
Application deadline: 29 May 2015
Biotechnology YES, now in its 20th year, is an innovative competition developed to raise awareness of the commercialisation of ideas among early career researchers. The competition is funded by sponsorship and aims to encourage an entrepreneurial culture in the UK postgraduate and postdoctoral base for the benefit of the UK bioeconomy. The competition is organised jointly by:
- The University of Nottingham – The Haydn Green Institute
- Innovation and Skills Group, BBSRC
About the competition
Participants enter as teams and develop a business plan for a company based on a hypothetical but plausible idea based on real markets over the course of a three day residential workshop. The workshop encompasses presentations and mentoring sessions from leading figures in industry and culminates in the presentation of the business plans to a panel of 'equity investors' drawn from industry and academia. Up to three teams for each workshop are selected to progress to the final in London.
In addition to the general Biotechnology YES workshops there are several themed workshops which are run in conjunction with industry: the Plants, Microbial and Environmental Workshop, hosted by Syngenta; the Biomedical Workshop, hosted by GSK and the Stevenage Biosciences Catalyst; and new for this year, the Food Workshop, hosted by Leatherhead Foods. The Royal Society of Chemistry is also sponsoring a Chemistry YES workshop for the second year.
Benefits of taking part
- Prize fund of £5,000, including first prize of £2,500, trip to USA, invite to BIA Gala dinner
- Enhance your CV
- Develop and improve transferable skills such as communication, time-management, negotiation and team-building
- Network with industry professionals
- Increase your commercial awareness and technology transfer knowledge
2015 calendar of events
|Application deadline||Online||29 May 2015|
|Briefing session||Nottingham||3 August 2015|
|Food, nutrition and wellbeing workshop||Hosted by Unilever, Colworth||30 September – 2 October 2015|
|Chemistry workshop||Nottingham||7-9 October 2015|
|Biomedical workshop||Hosted by GSK and Stevenage Bioscience Catalyst||14-16 October 2015|
|Bioscience workshop||Manchester||21-23 October 2015|
|Bioscience workshop||Edinburgh||4-6 November 2015|
|Plant, microbial and environment workshop||Hosted by Syngenta, Jealott's Hill||11-13 November 2015|
|Final||London||10 December 2015|
How to apply
Apply via the Biotechnology YES website.
Winning team 2014 - SenzaSeeds from the University of Leicester
The winners of Biotechnology YES, receiving a £2,500 prize, sponsored places at the BioIndustry Association gala dinner and the opportunity to present at the Rice Business Plan competition in the United States, were SenzaSeeds Ltd from the University of Leicester. Their idea was to produce naturally caffeine-free coffee without loss of flavour.
Managing Director Zoe Stephenson said: "We can't quite believe we've won. It feels incredible because we've put in so much hard work and the standard was incredibly high. There are so many things that we have taken out of it, it's incredible to think how far we've come."
This year for the first time all the finalists competed for a £1,000 prize in a 'Shark Tank' – delivering a 60-second elevator pitch followed by a 'Killer Question' from one of the judges. The winners of the Shark Tank prize were Melatec from the University of Manchester.
Winning team 2013 - Nutec Ltd from the University of Liverpool
This winning team had a concept for a diet aid that acts to reduce the uptake of dietary sugar into the bloodstream.
Managing Director Kelly Ward said: "We're delighted to win, it hasn't really sunk in. We were aware that every team was going to step up for the finals.
"It's definitely made us think differently about possible career paths. We've met so many people along the way who could be invaluable to our future careers, but not only that we've had fun and really enjoyed it. We would definitely recommend it." (See related links.)