The Innovation and the Business of Science programme has been designed by the Royal Society, in partnership with Imperial College Business School, to help researchers better understand the rapidly evolving relationship between science and industry, what it means to be a scientific entrepreneur, and how to run a successful research group.
The programme runs across three stand-alone modules, each covering an aspect of the business of science.
All modules are residential and held at The Royal Society at Chicheley Hall. The residential nature of the modules provides you the benefit of the opportunity to network with your peers and the module trainers.
Please note: The programme is available to Royal Society Dorothy Hodgkin Fellows, University Research Fellows, Newton International Fellows, Industry Fellows, Wolfson Fellows and Sir Henry Dale Fellows. Some researchers funded by the Biotechnology and Biological Sciences Research Council (BBSRC) and The Medical Research Council (MRC) are also able to attend.
Science in context: Universities, the economy, and policy
This two-day module is led by Professor Markus Perkmann, Head of Imperial College Business School’s Innovation and Entrepreneurship department. Focusing on the role of science in the economy and the relationship between science and industry, Professor Perkmann and other innovation experts provide an understanding of how your science is part of a broader picture, and can shape technologies and the economy.
During the module you will be taken through topics relevant for managing universities and their relationships with stakeholders in the economy and government: how universities are funded; how science policy is made; how intellectual property matters; and how to work with industry. This will serve to highlight how universities are dependent on others to provide resources but also how this offers opportunities for research.
This module is relevant to you if are, or will be, involved in decision-making and fund-raising within your institution, regardless of whether you are planning to commercialise your research.
This three day module focuses on management skills and leadership behaviours which underpin effective leadership in science. With module leader Dr Sankalp Chaturvedi, Associate Professor of Organisational Behaviour and Leadership, you will explore attributes, qualities and behaviours of inspiring leaders, and the challenges that may be faced by researchers in managerial roles. You will also have the chance to learn more about your own personal leadership style.
Through talks and team exercises Dr Chaturvedi and his colleagues will also take you through:
- Managing motivation
- Negotiation and influencing skills and techniques
- Effective coaching and mentoring
- Creating high performance teams
The module is relevant for all researchers who are, or will be, managing people and groups – we recommended you take this module after you have completed the first year of your fellowship. Due to the popularity of this module, it is held 3 times during the year.
In this interactive module three day module you will discuss the challenges and opportunities of scientific entrepreneurship, and use a group project to build the awareness and skills necessary to be a more effective scientific entrepreneurs. Experts from the fields of entrepreneurship, business and funding will discuss the challenges and opportunities of scientific entrepreneurship. 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.
Professor Bart Clarysse, a leader in the field of entrepreneurship and a successful founder of several high-tech start-ups, along with experts from the fields of business and funding will lead these discussions and take you through:
- Technology transfer and academic entrepreneurship
- Idea commercialisation and protection
- Communicating your project: pitching, storyboarding and personal development
- Financing your project
This module is relevant to those with an interest in scientific entrepreneurship, particularly those with an idea or project they are looking to commercialise.