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Thursday 10 January 2019
YES has been running for over 20 years and seeks to raise awareness of the commercialisation of ideas amongst early career researchers. The competition aims to encourage an entrepreneurial culture in the post-graduate and postdoctoral base for the benefit of the UK bioeconomy. Participants are taught to understand markets, the different sources of finance, business development techniques and company values by competing against groups of their peers to create a functional, although fictional, business model.
Encouraging the next generation has always been important to James Cowper Kreston which is why we have been involved with the competition for many years – providing lecturing, mentoring and judging support as well as sponsoring an annual prize.
Sue Staunton, Partner at James Cowper Kreston, has been part of the scheme for almost as long as it has been in operation. “It is very gratifying to see the high standard and enthusiasm of the entrants in the competition,” says Sue. “The competition helps to develop an understanding amongst young scientists of the implications of the commercialisation of technology which will help them enormously when they come to step outside an academic environment. Our team are delighted to help in any way we can with this worthwhile and stimulating programme.”
For 2018 James Cowper Kreston sponsored the ‘Best consideration of financial planning strategy’ category which was won by Global Diagnostic Solutions from Queen Mary University of London.
For more information on the YES scheme please visit their website here.