Biotechnology Young Entrepreneurs Scheme (YES)
Interested in applying? Go to the Biotechnology YES competition page (in Funding section).
Biotechnology YES, now in its 21st year (see brochure in downloads), 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
To prepare an oral business plan presentation, in a team of four or five, for a hypothetical bioscience start-up company seeking equity investment. The plan is based on a plausible idea based on real markets and developed over the course of a three day residential workshop.
Working with industry
In addition to the general Biotechnology YES Bioscience 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
- The Food, Nutrition and Wellbeing workshop, hosted by Unilever
Benefits of taking part
The competition provides a great opportunity to get an understanding of how research outputs can be turned towards commercial application and the chance to gain valuable insights from industry professionals. But that is not all, other benefits include:
- 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
To apply to the competition follow the external link to the Biotechnology YES website. You can also stay up-to-date with when the competition opens and the calendar of events for each year through our funding page.
Winning team 2015 – ECTODECTO, The University of Nottingham
The winners of Biotechnology YES, receiving a £2,500 prize, sponsored places at the BioIndustry Association dinner, a delegate pass to PraxisUnico's 2016 Conference and the opportunity to attend the Rice Business Plan competition in the United States, were ECTODECTO from The University of Nottingham. Their idea was a new way of detecting and treating head lice infections.
Claire Lewis, Managing Director of ECTODECTO said: "It’s amazing to win, the hard work paid off. We knew we did ourselves proud so this is just the icing on the cake, the standard was very high.
“I’d love to pursue avenues in these sorts of careers and I’d definitely recommend taking part. We’ve learned how to take our science to the market, intellectual property, marketing strategies, licensing, just a whole world we didn’t know about before.”
Winning team 2014 – SenzaSeeds, 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.