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Innovation and the Business of Science

These courses aim to equip Research Fellows with the necessary skills to communicate and negotiate effectively and understand the innovation process, as well as how to create value from their own research.

Leadership Effectiveness, November 2020
Leadership Effectiveness, November 2020

Course dates and eligibility

Eligible attendees: Royal Society Dorothy Hodgkin, Industry, Newton International, Sir Henry Dale, University Research and Wolfson Fellows. Some researchers funded by the Biotechnology and Biological Sciences Research Council (BBSRC), the Medical Research Council (MRC) and UK Research and Innovation (UKRI) are also eligible to attend.

Course dates: Further information will be published here when the new course dates are confirmed. 

Please note residential courses are not currently running due to the Coronavirus (COVID-19) pandemic.

The Innovation and the Business of Science programme has been designed in partnership with Imperial College Business School to help researchers better understand the evolving relationship between science and industry, what it means to be a scientific entrepreneur, and how to run a successful research group. 

Modules are residential. 

Science in context: Universities, the economy, and policy

Led by Professor Markus Perkmann this module focuses on the role of science in the economy and its relationship with industry. It serves to provide an understanding of how your research sits within the strategic and economic landscape, how it can shape technologies and will highlight how universities are dependent on others to provide resources but also how this offers opportunities for your research.

You will be taken through topics regarding:

  • Managing universities and their relationships with stakeholders in the economy and government
  • Structures of university funding
  • How science policy is made
  • Why intellectual property matters
  • How to work with industry

This module is suitable if you are, or will be, involved in decision-making and fundraising within your institution regardless of whether you are planning to commercialise your research. 

Scientific entrepreneurship

Professor Bart Clarysse, Chair in Entrepreneurship and a successful founder of several high-tech start-ups, will take you through the challenges and opportunities associated with scientific entrepreneurship. Along with input from experts in entrepreneurship, business and funding you will build the awareness and skills necessary to be a more effective scientific entrepreneur. 

  • Understand the evolution of science into commercially applicable technologies
  • Role of intellectual property in new ventures
  • Heuristics required to drive new ventures forward
  • Entrepreneurial finance

The culmination of this module is a ‘Dragons’ Den’ style judging panel where participants will pitch ideas based on their research and get feedback from expert panel members.

This module is designed for those with an interest in scientific entrepreneurship, with particular relevance for those with an idea they are looking to commercialise.

Leadership effectiveness

This module focuses on management skills and leadership behaviours that underpin effective leadership in science. Dr Sankalp Chaturvedi, Associate Professor of Organisational Behaviour and Leadership, will explore attributes, qualities and behaviours of inspiring leaders and the challenges facing researchers in managerial roles. You will also have the chance to learn more about your own personal leadership style.

Through talks and team exercises you will explore:

  • Your own leadership style and understand how to maximise your personal strengths
  • Managing motivation
  • Negotiation and influencing skills and techniques
  • Effective coaching and mentoring
  • Creating high performance teams

We recommend attending this module once you have completed the first year of your fellowship. The module is relevant for researchers who are, or will be, managing people and groups.

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