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Enterprise Fellowships awarded to support research commercialisation

Copyright: iStockphoto

BBSRC have funded two new Enterprise Fellowships to boost the development of new businesses from investments in research.

The Royal Society of Edinburgh (RSE) Enterprise Fellowship scheme provides support to researchers and innovators who have promising business ideas.

The programme, delivered by the RSE with support from BBSRC, NERC, STFC and Scottish Enterprise, allows fellows to focus solely on developing their business idea. They receive one year’s salary, expert business training, business development funding and access to mentors from a pool of successful individuals in the commercial community.

In the most recent rounds of funding, the RSE has awarded eight Enterprise Fellowships; of these, Dr Andrei Constantinescu, Newcastle University and Dr Tom Simmons, University of Cambridge are supported by BBSRC.

The programme has helped fellows to create and develop some of the UK's exciting new spin-out companies. Many of these companies have shown high growth potential and helped academics to further develop the impact of BBSRC-funded research such as C4X Discovery, Reinnervate and Clyde Biosciences.

The next call for applications is now open, closing on 9 November 2016.

For more information visit the RSE website: bit.ly/RSE-Ent-Fellowships

Enterprise Fellowships are most successful when proof-of-concept has already been established. The BBSRC Follow-on Fund programme is designed to support the translation of fundamental research funded by the BBSRC into practical application, including commercialisation. The aim of the programme is to help researchers establish commercial and technical proof-of-concept to maximise the societal and economic benefits of their research. Follow-on-Funding often complements Enterprise Fellowships, please see the Follow-on Fund page for more details: www.bbsrc.ac.uk/followon

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