Presentation on theme: "Each team has to present a business plan for an imaginary start-up company to a group of savvy investors and industry experts drawn from our local business."— Presentation transcript:
Each team has to present a business plan for an imaginary start-up company to a group of savvy investors and industry experts drawn from our local business community. What will I learn? You will get full access to mentors from industry who will answer any of your questions on business planning, investment strategy, marketing, sales, managing risk, and dealing with customers Who is involved? We have teams of Engineering researchers coming from universities all over the midland and northern regions For more information go to www.engineeringyes.org £2,000 prize for the winners Plus a range of prizes for best team-working, best IP, best elevator pitch and heat winners 2013 Dates Briefing Meeting 8 th April (Loughborough & by video conference) Workshop 1 (Leeds Brighouse) 28 th April – 1 st May Workshop 2 (Milton Keynes) 12 th – 15 th May Workshop 3 (Coventry) 2 nd – 5 th June Grand Final (Birmingham Science Park Aston) 19 th June A great enterprise training competition for researchers in engineering!
What is Engineering YES? The Engineering YES (Young Entrepreneurs Scheme) is an established training event designed to raise awareness of the commercialisation of engineering ideas among postgraduate students and postdoctoral researchers. It is based on the successful Biotechnology YES format and aims to build your knowledge of how to commercialise ideas, as well as encouraging an enterprising and entrepreneurial culture in the engineering researcher community. What does it involve? Engineering YES is run over three days (Sunday evening to Wednesday) at a local Holiday Inn hotel with full board accommodation provided. Days 1 & 2 mornings Participants attend presentations from leading industry figures on all aspects of technology transfer and the commercialisation of engineering ideas, including: the requirements of a business plan; intellectual property and patenting strategy; raising and managing finance; commercial and marketing strategies, and case histories presented by successful entrepreneurs. Days 1 & 2 afternoons Each team will prepare an oral business plan presentation for an ‘imaginary’ engineering start-up company, with each member assuming a different Director role within the company (e.g. Management, Finance, Research and Development, Marketing or Operations). These preparations are supported by advice from experienced mentors drawn from commercial and engineering environments. Day 3 Participants make a formal oral presentation of their business plan before a panel comprising business, financial and academic representatives taking the role of venture capitalists. Prizes Winners of the competition receive £2,000 with other prizes also available. What will Engineering YES cost? The competition is FREE to enter* - accommodation and meals are provided. It will cost TIME, but the rewards are substantial in terms of the knowledge gained, networking opportunities and personal development. Who can enter? The 2013 programme is open to researchers from Universities in the UK. Teams should ideally consist of four to six individuals. This event is primarily aimed at researchers working in an engineering or science related faculty, but we will take researchers from other disciplines who wish to learn about engineering enterprise and commercialisation. There is no age limit, but please note that Engineering YES is aimed at postgraduate research students or early careerresearchers within five years of obtaining their doctorate. Teams can include up to two research staff members but no more than one person who has participated in any previous YES programmes. You do not need to be a full team to apply, and can apply as an individual. In this event, the organisers will allocate people to teams as appropriate. What do you mean by an imaginary idea or company? Your idea should be based on technology that is realistic, but is currently hypothetical. For example, you could assume, for the sake of the competition, that a novel alloy has been developed enabling new, cheaper manufacturing capabilities for a particular type of product. Or you may be developing a novel engine design running bio-friendly fuels. Remember that you idea must be believable; you should be able to account for the advances in science needed to develop your imaginary technology. Engineering YES and your career Participating in this event can help your career in a variety of ways. You will be able to demonstrate to potential employers that you can work well as part of a team and are innovative and able to perform under pressure. The speakers and mentors from industry whom you will meet during the competition, will be happy to talk to you about how they progressed in their career and offer new insights on the different careers available - they may even be potential employers. And of course, by learning how to go about selling a novel idea to investors, you are learning how to exploit that great idea you have to commercialise some of your research! * The actual cost of participating in this event is £800 per person (there is an early bird discount). This should be available from PGR enterprise training budgets within your institution. Limited sponsorship funding may be available to subsidise some entries. Contact Jo Gilman at Loughborough University – firstname.lastname@example.org - for further information.