North by Northwest (NxNW) ICURe Programme – Applications for Cohort B now open
The ICURe (“Innovation-to-Commercialisation of University Research”) Programme trains, funds and supports teams led by university early-career researchers (ECRs) to determine whether there is a market for products or services that utilise their research, science or technology. Up to £35,000 of funding is available to ‘get out of the lab’ and validate these commercially-promising ideas in the marketplace.
In the year to 31 March 2019, Queens University Belfast and the University of Warwick, supported by Innovate UK, will work alongside the programme’s original delivery partner SETsquared Partnership to run and grow the programme across the UK. The NxNW ICURe programme, led by QUB, is open to all universities, but with a regional emphasis covering Northern Ireland, Scotland and the north of England. Further background from Innovate UK is here.
The NxNW ICURe programme will support 24 projects in two cohorts. Projects which emerge through the ICURe process and have the potential to form new start-up companies will be eligible to receive additionally up to £15,000 to develop their business plans.
“I thought I knew my target market for my technology. But this programme has helped our team gain real feedback from potential customers and is dramatically changing the way we view our approach to research commercialisation.” – SETsquared ICURe Pilot Programme Participant.
Guidance for Applicants
NxNW ICURe will fund selected proposals to prove market demand for research with funding of up to £35k for the 3-month Market Validation stage. And if approved an additional up to £15k for business plan development. The funding is to support intense market assessment with the Early Career Researchers (ECR) taking on the role of the Entrepreneurial Lead to have meaningful conversations with at least 100 prospective customers, regulators, suppliers, partners and competitors to validate the commercial potential of their research.
Applications for the funding should be made by a team of 3 consisting of:
Technology Transfer staff (TTO) are encouraged to be a proactive part of the team as a “shadow” member. Their skills and expertise regarding understanding university process and policy are essential to getting the best out of the programme. We will support them centrally to attend the residential boot camp and options roundabout with their teams. Please see the TTO guidance for lessons learnt and helpful hints created by previous TTO staff.
NxNW ICURe has four stages in its process:
1. Business Model Generation
NxNW ICURe kicks off with a 3-day residential bootcamp for the teams during which the academics are helped in forming a hypothetical business model for the commercialisation of their research. The team also has to produce a budget and action plan for the next stage, Market Validation.
Each team comprises the ECR as “Entrepreneurial Lead”, his or her Senior Researcher and a business adviser. Technology Transfer Office (TTO) staff are encouraged to be a proactive part of the team as a “shadow” member. Their skills and expertise regarding understanding university process and policy are essential to getting the best out of the programme.
2. Market Validation
The next step is for the ECR Entrepreneurial Lead to spend approximately three months intensively testing the business model by having meaningful conversations with at least 100 prospective customers, regulators, suppliers, partners and competitors to validate the commercial potential of their research. NxNW ICURe funding buys out the ECR’s time and provides sufficient funds for the ECR to travel to tradeshows or key target markets to meet with companies and experts who can help validate the business model. It does not provide any funding for the Senior Researcher to carry out market validation visits.
3. Options Roundabout
On completion of this first-hand market research, the team presents to a panel of experts and investors on the results of the Market Validation stage and what the ECR learned about the strengths, weaknesses and opportunities for the business model. The panel feeds back on the opportunity based on the market evidence and their expertise and assesses the development options for the next stage.
The options proposed can include carrying out public or private sponsored research, exploring licensing opportunities or seeking public or private funding for spin-out for those projects that have demonstrated strong market potential by the end of the market validation.
All ECRs should have benefited from the training, the industry network they have established and the feedback they have gained that can shape the next stage in developing their research.
4. Business Planning
Those teams with the potential for licensing or spin-out may get up to £15k of additional funding to take part in a business planning training and then three months of preparing a business plan they can use with investors and to apply for translational grant funding including from ring fenced funds from Innovate UK.
If there is a strong case, commercialisation staff from the universities and university incubators, will work with each team so that they can be fast-tracked into creating a start-up company.
Successful applicants to the NxNW ICURe programme will receive a budget of up to £35k for Stages 1 through 3.
This funding is not a grant, and there is no money paid up front. Money will be drawn down against expenditure through your university’s research commercialisation office. If this is not agreed then the team will not progress on the programme.
Eligible expenses covered by the programme are:
Those teams going on to prepare business plans will receive a budget of up to £15k for Stage 4. This will be for buying out the Entrepreneurial lead’s time for three months.
Applying to join the NxNW ICURe Programme
The NxNW ICURe programme will accept applications from teams based at all UK universities. The ICURe delivery partners will actively recruit from their regions, but where timings or other factors dictate will accept applications from other regions, your local delivery partner can advise. Therefore you should in the first instance contact the ICURe delivery team most conveniently located to you, northern UK (Queens University Belfast), the Midlands (University of Warwick) or southern UK (SETsquared University of Southampton), There are no restrictions upon which discipline, HE institution or part of the UK that can apply as long as they have the correct team members.
NxNW ICURe Cohort B - Expectations
The NxNW ICURe Cohort B competition is now open. Applications closing 23rd Nov 2018. If you are successful with your application and are offered a place on the programme, your team will be required to meet the following expectations:
Please complete the application form clearly and concisely, remembering that the review panel may not be experts in the field of your technology. Please register and complete your application at https://icure.crowdicity.com/
Before submitting in your application, please ensure all members of the team are available on the dates of the cohort bootcamp. You will hear whether your application has been successful only a very short time before the bootcamp. See the Timeline below.
Once the application is submitted, the ICURe application review panel will consider all applications and identify the projects that best meet the ICURe programme requirements.
Team Formation for cohort B
If you have an idea for ICURe but need a Business Adviser, researchers are now able to post ideas and engage with our community of Business Advisers and entrepreneurs at https://icure.crowdicity.com/.
NxNW ICURe Cohort B Programme Timeline*
* may be subject to change
For more information, contact firstname.lastname@example.org
If you have any problems accessing the crowdicity platform, please contact email@example.com for help and alternative options.
|Cohort||Closing Date||3 day bootcamp||Options roundabout||Further information|
|ICURe South – SETsquared
|19th November 2018||w/c 14th January 2019||
|ICURe North – Queen’s University Belfast
|23rd November 2018||w/c 7th January 2019||w/c 23rd March 2019||contact firstname.lastname@example.org|
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