Innovation and the Business of Science

This course helps researchers understand the relationship between science and industry, and what it means to be a scientific entrepreneur.

The course is only available for Research Fellows funded by the Royal Society or Biotechnology and Biological Sciences Research Council (BBSRC).

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 draws on the latest theories in business and management, using data from research as well as first-hand experience from speakers who are leading scientists, managers of global science-based firms and business experts.

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.

Science and the economy

In this two day module participants will explore the role of science in the economy and the relationship between science and industry with a focus on understanding how science research leads to the creation of new opportunities for industry. There is also a session led by a successful scientific entrepreneur who will talk about their route from science to industry and entrepreneurship.

Topics covered include:

  • Science and the knowledge society
  • Understanding Intellectual property
  • University funding challenges
  • Managing science and industry collaborations

Leadership Effectiveness

This popular three day module focuses on management skills and leadership behaviours which underpin effective leadership in science. The content of this module is relevant to all research scientists who manage people and groups, even if they are not looking to commercialise their research. Participants will explore the attributes, qualities and behaviours of inspiring leaders and receive feedback on their individual personality styles in the context of leadership. The module also encompasses the challenges that may be faced by scientists taking on managerial roles.

Topics covered include:

  • Leading and leadership
  • Managing people: Motivation
  • Managing people: Communication
  • High performance teams
  • Leading organisational change
  • Effective negotiation
  • Time management

Scientific Entrepreneurship

In this interactive module, participants will use discussion and a group project to build the awareness and skills to be 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.

Topics covered include:

  • Academic entrepreneurship: a broader perspective
  • Technology transfer and academic entrepreneurship
    Working in teams
  • How to protect your idea
  • How to commercialise your idea
  • Communicating your business plan and early stage financing
  • The Royal Society and Innovation

Applying for this course

The course is only available to Research Fellows funded by the Royal Society or Biotechnology and Biological Sciences Research Council (BBSRC).

It is held at The Royal Society at Chicheley Hall, home of the Kavli Royal Society International Centre in Buckinghamshire

Next course dates:

  • Science and the Economy - 3-4 June 2014
  • Leadership Effectiveness - 14-16 October 2014
  • Scientific Entrepreneurship - 13-15 January 2015

Please contact us for further details.