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Grants

Entrepreneur in Residence

The Royal Society Entrepreneur in Residence (EiR) scheme aims to increase the knowledge and awareness in UK Universities of cutting edge industrial science, research and innovation.

Human iPSC-derived cerebral cortical neurons, image courtesy of Axol Bioscience Ltd

The Royal Society Entrepreneur in Residence (EiR) scheme aims to increase the knowledge and awareness in UK Universities of cutting edge industrial science, research and innovation. 

The scheme provides opportunities for outstanding industrial scientists and entrepreneurs to spend time working in a University to: 

  • expose university staff and students to state-of-the-art industrial research and development, and the scientific challenges faced by industry;
  • provide support and expert advice aimed at promoting innovation and the translation of research by Universities;
  • grow confidence in and understanding of business and entrepreneurship among staff and students;
  • provide career recognition to the award holders, and support their professional development.

The scheme provides a contribution to the basic salary for the EiR and towards travel and project costs.

The scheme is currently funded by the Royal Society.

Am I eligible to apply?

The scheme covers all areas of the life and physical sciences, including engineering, but excluding clinical medicine.

The scheme is open to applicants of any nationality, who are eligible to work in the UK for the duration of the award. Applicants should have a background in science and engineering, although they do not necessarily have to hold a PhD. They must be able to demonstrate significant experience of working in science in an industrial research context, and one or more of the following:

  • experience of managing university-business collaborations and the translation and commercialisation of research;
  • experience of entrepreneurship, such as company formation and growth, investment etc;
  • experience or interest in training, coaching or mentoring

Applicants can be either employed full-time, part-time, or self-employed.

What is the scheme’s value and tenure?

The EiR awards are for two years in the first instance, with the possibility to apply for an extension for a third year. The value of the scheme is up to a maximum of £40,000 over the two years (including VAT where applicable), and is expected to cover the following:

  • Salary equivalent to 0.2 FTE of the award holder’s current salary to spend 20% of their working time at the host over two years. The EiR's basic salary only will be paid during the secondment; the EiR's employer will continue to pay national insurance and pension contributions.
  • Travel and project costs for award holder to travel to and from their host, and accommodation if required. Project costs to help deliver the aims of the project plan can also be included, as can conference attendance, meeting workshops and training. 

What is the application process?

Applications should be submitted through the Society’s grant management system Flexi-Grant®. Applications are assessed by the Industry Fellowship panel.

It is expected that applicants will be notified of the outcome of their application 3 months after the closing date.

For further information, or if you have any questions, please contact industry@royalsociety.org